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Investors record N319.61b gain as 28 stocks rise

THE equity market remained buoyant on Wednesday,  with investors gaining N319.61 billion at the end of trading on the Nigerian Exchange Limited’s floor.

On Wednesday, the market capitalization of the shares listed on the NGX increased to N25.952 trillion from N25.632 trillion on Tuesday.

From 47,545.86 basis points, the NGX All-Share Index increased to 48,138.71 basis points.

At the close of trading on Wednesday, 28 firms had gained ground, while 21 had lost ground.

Investors traded 349.56 million shares for N3.7 billion in 4,587 transactions.

ETERNA and JAPAULGOLD were the top gainers, with their share prices rising 10% to N5.5 kobo and 33 kobo, respectively.

WAPIC and NB’s share prices increased by 9.52 percent and 8.6 percent to 0.46kobo and N44.20, respectively, while GUINNESS and MEYER’s share prices increased by 9.96 percent and 9.52 percent to N82.25 and N1.93, respectively.

The equities market remained bullish, according to Parthian Securities, thanks to large-cap bargain hunting.

“We expect the market to remain positive tomorrow at Thursday’s trading session due to increased investor participation in the market,” it stated.

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