Indices up by 0.55% in Wednesday’s trading at NGX

Trading activities at the equity market of the Nigerian Exchange Ltd. (NGX) recorded a positive mood, making investors gain N130 billion from their investment.

Specifically, the market capitalisation gained N130 billion or 0.55 per cent to close at N23.991 trillion, compared with N23,861 recorded at the previous session.

Major drivers of the bullish sentiment in the market were Guaranty Trust Holding Company (GTCO), MTN Nigeria, BUA Foods, Ecobank Transnational Incorporated (ETI) and Zenith Bank.

Also, the All-Share Index (ASI) rose by 242.19 points or 0.55 per cent to close at 44,050.44 points as against 43,808.26 on Tuesday.

Consequently, the year-to-date (YTD) return rose to 3.12 per cent.

Accordingly, the market breadth is flat with 19 gainers and 19 laggards.

Cornerstone Insurance led the gainers’ chart in percentage terms by 10 per cent to close at 14k per share.

MRS followed with a gain of 9.73 per cent to close at N14.10, while Zenith…