The Nigerian stock market continued on a bullish trend on Wednesday, gaining N224 billion and marking a three-day positive trend.
Market capitalisation rose by N224 billion or 0.32 per cent, closing at N71.118 trillion when compared to N70.894 trillion recorded on Tuesday.
Similarly, the All-Share Index, ASI, climbed 354.25 points or 0.32 per cent, reaching 112,781.73 from 112,427.48 recorded on Tuesday.
The upward trend was driven by strong buying interest in medium and large-capitalised stocks, including: Oando, UH Real Estate Trust, Royal Exchange, Legend Internet, Lasaco Assurance and 27 other stocks.
Meanwhile, the market breadth closed positive with 32 gainers and 21 losers.
On the gainers’ chart, Oando soared by 10 per cent, settling at N51.70 while UH Real Estate Trust increased by 9.96 per cent, closing at N50.25 per share.
Royal Exchange rose by 8.64 per cent, ending the session at 88k and Legend Internet gained by 7.27 per cent, finishing at N5.90 per share.
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