Investors gain N980bn, as ASI advances by 1.76%

Nigeria’s equities market increased by 1.76 percent or about N980 billion on Wednesday, rerouting from the previous day’s negative close.

The market’s positive close was driven by Airtel Africa share price which increased most by N200 or 10 percent, from N2,000 to N2,200.

Also, investors interest in share of FBN Holdings pushed its price from N24.75 to N27.20, up by N2.45 or 9.90percent, followed by that of Morison Industries which rose from N2.75 to N3.02, up by 27kobo or 9.82percent.

Now at 38.42 percent, the NGX All-Share Index advanced by 1.76 percent to close at 103,498.28 basis points, compared to the previous day’s loss of 0.33 percent to close at 101,707.70 basis points. The NGX Market CAP also recorded a gain of N979.78bn in Naira terms.

The Gote Index advanced by 0.08 percent to close at 409.65, while Toni index declined by 2.09 percent to close at 573.6 basis points.

At the close of trading, the market recorded 26 gainers, 25 losers, and 70 unchanged. AIRTELAFRI topped the gainer’s list, while MECURE topped the list of losers