The All-Share Index (ASI) of Nigerian Exchange (NGX), on Wednesday, crossed the 72,000 mark, increasing to 72,299.79 points..
The figure represents an increase of 392.53 points, representing a 0.55 percent when compared with 71,907.26 recorded at the previous session.
Also, the market capitalisation closed with a gain of N215 billion or 0.55 percent.
The market capitalisation closed at N39.564 trillion as against N39.349 trillion posted on Tuesday.
The upward trend was due to sustained stock trading in Tier-one banks namely Access Holdings, Guaranty Trust Company(GTCO), Zenith Bank, Sterling Bank, and United Bank of Africa(UBA).
As a result, the Year-to-Date(YTD) return rose to 41.07 percent.
Access Holdings was the most traded stock by volume with N60.18 millon, while UBA led by value with N69.60 billion units traded.
SCOA Nigeria led the gainers’ chart in percentage terms by 9.98 per cent to close at N1.78 per share, while Infinity followed with a gain of 9.86 percent to close at N2.34.
Access Holdings rose by 8.09 percent to close at N22.05 per share.
It was followed by Cornerstone Insurance which went up by 7.41 percent to close at N1.45, while Transcorp Hotel appreciated by 6.83 percent to close at N46.90 per share.
On the contrary, Universal Press Plc led the losers’ chart in percentage terms by 9.82 percent to close at N2.48 per share, while SUNU Assurance followed with 9.38 percent to close at N1.16 per share.
Eterna shed 8.03 percent to close at N11.45, Flour Mill lost 4.57 percent to close at N30.30, while Chams declined by 4.04 percent to close at N1.90 per share.
“The NGXBNK index has returned 5.77 percent Week-to-Date (WTD).
“While we still anticipate the sector to dominate the activity chart as some investors take position ahead of full-year results, we expect gains to moderate, with some profit-taking actions,” said analysts at Vetiva Securities Ltd.
