The Nigerian stock market reversed losses by 0.02 per cent on Wednesday, recording N20 billion gain for investors after a day of negative run.
The positive performance was due to renewed interest of investors in stocks like Skye Shelter Fund, Royal Exchange, International Energy Insurance, Julius Berger, Omatek and 29 other stocks.
According to the capital market analysis by Vanguard newspaper on Thursday, the market capitalisation, which opened at N93.756 trillion, added N20 billion to close at N93.776 trillion.
Similarly, the All-Share Index soared by 0.20 per cent or 31.27 points, settling at 147,742.23 compared with 147,710.96 recorded on Tuesday.
The market breadth also closed positive with 34 gainers against 28 lossers.
On the gainers’ table, Skye Shelter Fund led by 9.88 per cent, ending the session at N418.75, Royal Exchange trailed by 7.37 per cent, settling at N2.33 and International Energy Insurance increased by 6.05 per cent, closing at N2.98 per share.
Julius Berger rose by 5.51 per cent, finishing at N134, while Omatek Ventures soared by 4.90 per cent, settling at N1.50 per share.
On the contrary, Tripple Gee led the losers’ table by 9.91 per cent, closing at N4.91, Industrial and Medical Gases followed by 9.87 per cent, finishing at N32.40, while UAC of Nigeria dropped by 6.46 per cent, ending the session at N68 per share.
Ellah Lakes dipped by 4.66 per cent, closing at N13.30 and Ja Paul Gold fell by 4.51 per cent, settling at N2.54 per share.
The market activity showed an overall improvement in the market volume, value and deals as 389.1 million shares valued at N12.5 billion were traded across 23,017 transactions.
This is compared to 262.5 million shares worth N8.3 billion that was exchanged across 16,693 transactions earlier on Tuesday.
GIK/APA