Transactions on the floor of Nigerian Exchange (NGX) Thursday closed higher, gaining N94 billion following gains recorded by small, medium and large stocks.
The sell-off in the shares of United Bank for Africa Plc, Sterling Bank, FBNHoldings and others also lifted activities in the market.
Specifically, Market capitalisation of listed equities increased by 0.27 per cent to N34.810 trillion from N34.716 trillion reported the previous day.
The NGX All Share Index also appreciated by 173.49 basis points to 63930.72 points from 63757.23 points traded the previous day.
An analysis of the investment showed that UPL led gainers table during the day, gaining 10 per cent to close at N2.42 per unit, EuniSell followed with a gain of 9.97 per cent to close at N3.20 per share, Academy Press gained 9.95 per cent to close at N2.43 per share, Chellaram up by 9.91 per cent to close at N2.33 per unit while Ikeja Hotel up by 9.38 per cent to close at N2.80 per unit.
On the contrary, Courtvellle Business Solutions topped losers chart in percentage terms, declining by 9.86 per cent to N0.64 per share, FTNCocoa trailed with 9.66 per cent to close at N1.87 per share, Abbey Building Society dipped by 9.49 percent to close at N1.25 per share, May and Baker dipped by 9.18 per cent to close at N1.24 per share, UPDC down by 8.55 per cent to close at N1.07 per share.
Volume of trades increased 884.508 million, representing 186.81 per cent as investors traded 1.358 billion shares valued at N18.066 billion in 7179 deals against 473.492 million shares worth N10.081 billion in 7403 deals.
Transaction the shared of United Bank for Africa led market activities during the day, exchanging 961.501 million share worth N13.306 billion, Sterling Bank followed with account of 43.662 million shares cost N158.992 million, FBNHoldings exchanged 40.316 million shares worth N720.053 million, Japaul Gold traded 35.954 million shares valued at N28.040 million, Universal insurance sold a total of 35.089 million shares cost N8.266 million.
