The upturn was impacted by investors’ interest in stocks of Zenith Bank, WAPIC and Stanbic Bank, mong others.
The market breadth measured by market sentiment was flat, with 14 gainers relative to 14 losers.
The market’s weak performance was primarily driven by selloffs in stocks of Zenith Bank, Geregu, Nigerian Breweries and Guaranty Trust Holding Company (GTCo).
The weak performance was largely driven by profit-taking in Zenith Bank, Guaranty Trust Holding Company (GTCO) and Nigerian Breweries stocks.
Sentiments remained bearish at the Nigerian Exchange Ltd. (NGX) as market capitalisation decreased by N46 billion.
Trading activities on the floor of the Nigerian Exchange Ltd. (NGX) closed on a negative note as market capitalisation was down by N90 billion.
Also, the All-Share Index (ASI) gained 283.27 points or 0.55 per cent to settle at 51,729.87 against N51,446.60 recorded Tuesday.
Accordingly, investors gained N1 billion in value as market capitalisation closed at N26.915 trillion from N26.914 trillion on Monday.
The positive performance was largely driven by BUA Cement, GTCO, UBA and Access Holding stocks.
Market capitalisation went up to N26.816 trillion as against N26.682 trillion recorded on Wednesday.
