The Nigerian equities market halted a two day losing spree on Wednesday to close on a positive note as lead indicators rose by 0.12 per cent. The All Share Index added 33.66 basis points to close at 29,014.78 compared with the 186.92 points lost previously to close at 28,981.12 points.
Market capitalization also added 11.6 billion to close at N9.974 trillion compared to the previous decline N64.255 billion to close at N9.963 trillion.
Price movement on the Equity board showed Axamansard Plc leading 12 gainers with a 4.96 per cent or 13 kobo gain to close at N2.75 per share, followed by Dangote Flour Plc which added 4.76 per cent or 11 kobo to close at N2.42 per share, while Flour Mills Plc increased 4.55 per cent or 95 kobo to close at N21.85 per share.
Eterna Plc appreciated 4.52 per cent or 8 kobo to close at N1.85 per share, while Access Bank Plc grew 4.00 per cent or 18 kobo to close at N4.68 kobo per share.
On the other hand, Oando Plc led 25 equity losers with a loss of 9.67 per cent or 82 kobo to close at N7.66 per share, followed by Transcorp Plc which lost 8.87 per cent or 18 kobo to close at N1.85 per share, while Cement Company of Northern Nigeria Plc dropped 8.25 per cent or 72 kobo to close at N8.01 per share.
Cadbury Plc declined 4.98 per cent or N1.00 to close at N19.10 while A.G. Leventis Plc decreased 4.90 per cent or 5 kobo to close at 97 kobo per share. In all, a total of 217.3 million shares valued at N1.5 billion were traded by investors in 3,067 deals compared to 317.41 million shares worth N1.808 billion previously exchanged by investors in 3,721 deals.
By Pita Ochai