The equities rally being witnessed at the Nigerian Stock Exchange (NSE) continued yesterday as increased trading in the shares of IHS Plc, Wema Bank and Transnational Corporation of Nigeria boosted turnover.
Telecommunication service company, IHS recorded the highest volume of shares exchange with 299.19 million shares valued at N598.4 million in eight deals, having sold at N2.00 per share. It was followed on the activity chart by Wema Bank which had shed 1.67 per cent of its share price to sell at N1.18.
Investors had traded 170.54 million shares of the bank valued at N202.91 million in 50 deals, while 103.9 million shares of Transcorp worth N135.12 million shares were exchanged in 123 deals. At the end of the day, turnover on the bourse stood at 988.08 million shares valued at N5.69 billion that changed hands in 7,842 deals.
Value was also on the rise with market capitalisation closing higher at N12.85 trillion having risen by 0.69 per cent or N88.37 billion. Also, the All Share Index rose by 0.69 per cent to cross to 40,012.66 basis points from 39,737.80 basis points. The bull took over as 50 equities made price appreciations during the day as against 17 that depreciated in price.