THE telecommunications services sector on Wednesday retained the upbeat recorded by the two main market indicators on Tuesday, adding 0.11 per cent and 0.09 per cent respectively.
These performances were a reflection of two out of the top three most capitalized stocks featuring on the gainers table. Despite the marginal differences recorded, Airtel Africa and MTN Nigeria sustained the northward stand of the two major indicators.
According to the market report, market capitalization improved by N28 billion to close the day at N25.389 trillion while the All Share Index appreciated by 44.43 basis points to close 47,109.25 basis points.
In all, investors’ trading of 318.270 million shares across 4,966 deals, showed that 156 equities where traded on with only 19 stocks recording price increase while 29 others declined in value. The remaining 108 shares witnessed a crossed deal with no price changes.
On the price movement table, more than half of the top ten on Tuesday increased their values Wednesday. Leading the gainers table was Learn Africa with an increase of 9.94 per cent to close at NN1.99. This stock on Tuesday led the gainers table with a gain of 9.70 per cent.
RT Briscoe, Veritskap, NEM Insurance, Multiverse, Cutix and also MTN Nigeria all improved their share values on both Tuesay and Wednesday respectively.
Other gainers were SCOA, Japaul Gold, Royal Exchange, UACN, Courtvill, Jaiz Bank, Stanbic, Unity Bank, Chi Plc and Cadbury.
On the losers chat, UPDC led the table with a drop of 6.36 per cent to close at N1.03 followed by Regal Insurance, CI Lasing, Prestige Assurance, Chams, Sovren Insurance, Wapic Insurance, Livestock, ABC Transport and FTN Cocoa with price drop of 5.13 per cent, 4.76 per cent, 4.44 per cent, 4.35 per cent, 4.17 per cent, 4.00 per cent, 3.50 per cent, 3.03 per cent and 2.78 per cent respectively.
