Transactions on the Nigerian Stock Exchange appreciated for third consecutive day on Wednesday as the investing public weigh the implication of the suspension of the Director General of SEC, Ms Arunma Oteh.
The News Agency Nigeria (NAN) reports that the commission on Tuesday directed Oteh to proceed on compulsory leave to enable an independent investigation of the commission’s Project 50.
At the end of Wednesday's transaction, the All- Share Index grew by 59.11 points or 0.28 per cent to close at 21,298.62 compared with 21,239.51 recorded on Tuesday.
Also, the market capitalisation, which opened at N6.780 trillion, appreciated by N19 billion or 0.28 per cent to close at N6.799 trillion
NewGold led the gainers' chart with a gain of N29 to close at N2,554 per unit.
ForteOil trailed with 50k to close at N10.50 per share, while Zenith grew by 25k to close at N13.50 per share.
AshakaCement appreciated by 18k to close at N 9.16, while International Breweries rose by 16k to close at N6 per share.
Cadbury led the losers' chart with 76k to close at N14.59 per share.
OkomuOil followed with a loss of 50k to close at N29.50, while NAHCO dropped 29k to close at N5.71 per share.
DangoteFlour depreciated by 26k to close at N5.06, while ConOil dipped by 19k to close at 24k per share.
In all, investors exchanged 197.52 million share worth N1.03 billion in 2,891 deals against 139.33 million shares valued N1.29 billion exchanged in 3,344 deals on Tuesday.