Nigeria stock market news
The Nigeria Stock Exchange in Lagos

The All-share index (ASI) appreciated marginally by 0.2 per cent in the Nigerian stock market following the end of trading on Wednesday.

Concise News understands that the stock market in Nigeria had an All-share Index growth of 46.92 absolute points.

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This represents a rise of 0.15 percent which meant it closed at 31,360.28 points after the end of trading for the day.

Also, the market capitalisation rose by N18 billion to close at N11.695 trillion.

This was mainly due to activities on the stocks of Nestle Nigeria, Chemical & Allied Products (CAP), Okomu Oil, Eterna and Sterling Bank among others.

There were thirteen (13) gainers and eighteen (18) losers at the end of trading on Wednesday at the Nigeria stock market.

Top on the gainers’ chart is CAP which gained 10 per cent, to close at N37.40 per share.

It was trailed by Sterling Bank with a gain of 9.77 per cent to close at N2.36, while Eterna increased by 9.09 per cent to close at N4.80, per share.

However, Regency Alliance Insurance led the losers’ table by 7.69 per cent, to close at 24 kobo, per share.

This was followed by Africa Prudential that shed 7.52 per cent to close at N4.55, just as Prestige Assurance lost by 7.41 per cent to close at 50 kobo, per share.

Dangote Flour Mills declined by five per cent to close at N9.50 and Guinness Nigeria shed 4.69 per cent to close at N64 per share.

In sum, the trade volume moved up by 72.08 per cent to 377.49 million shares valued at N2.26 billion which were traded in 3,273 deals.