Stock market gains N50bn on blue-chip firms

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Equity trading on the floor of the Nigerian Stock Exchange on Wednesday closed on a positive note with a gain of N50bn to halt the previous two days’ losses. The NSE All-Share Index appreciated by 0.

23 per cent with market breadth closing positive with 55 gainers as against 16 losers.

Meanwhile, a turnover of 849.65 million shares exchanged in 6,297 deals was recorded in the day’s trading. Volume in the sub-sector was largely driven by activities in the shares of AXA Mansard Insurance Plc and Mutual Benefit Assurance Plc. Deap Capital Plc, Mutual Benefit Plc, NNFM Plc, Niger Insurance Plc, Royal Exchange Plc and Sovereign Trust Insurance Plc led the gainers’ table with a gain of 10 per cent each to close at 22 kobo, 55 kobo, N8.80, 33 kobo and 44 kobo per share respectively.

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