Investors in the Nigerian capital market gained N305 billion at the close of trading, following a positive day of trading on Wednesday,
The market capitalisation increased to N39.29 trillion from N38.99 trillion , resulting in a 0.78 per cent or 558.4 basis point increase in the All-Share Index to 71,808.64 from 71,250.17 the previous day. The daily market turnover also increased to N12.10 billion from N11.01 billion.
The positive market sentiment was reflected in the performance of the major sectoral indices, with most of them posting gains. 33 stocks advanced, 21 declined and 63 others remained unchanged in 8,412 deals.
Thomas Wyatt topped the list of gainers, with its share price increasing by 9.93% to close at N3.32 from its previous closing price of N3.30. FBN Holding, Multiverse Mining and Exploration, and Eco Bank (ETI) were also among the top gainers for the day, with their share prices increasing by 9.91%, 9.90%, and 9.88 per cent respectively.
On the flip side, Axa Mansard Insurance led the losers, shedding 9.69% of its share price to close at N4.10 from its previous closing price of N4.54 per share.
Guinea Insurance, Oando, and Omatek Ventures Plc were among the other major losers for the day, with their share prices falling by 9.68 per cent, 9.13 per cent, and 8.14 per cent respectively.
In terms of trading volume, Guaranty Trust Holdings (GTCO) traded the highest volume of shares, with 76.703 million shares worth N3.040 billion changing hands in 260 deals. United Bank for Africa (UBA) also saw significant trading activity, with shareholders exchanging 74.567 million shares worth N1.65 billion in 703 deals.
Fidelity Bank, with 65.633 million shares traded at a value of N596.3 million, was the third most traded stock in terms of volume.
The top three stocks by value of traded shares were all banks, with Guaranty Trust Holdings (GTCO), United Bank for Africa (UBA), and Zenith Bank accounting for N3.039 billion, N1.657 billion, and N1.367 billion respectively.