Similarly, the All Share Index grew by 193.82 points or 0.39 percent to 49,836.51, compared with 49,642.69 achieved on Tuesday.

The upturn was impacted by gains recorded in medium and large capitalised stocks, amongst which are: BUA Foods, WAPCO,  FBN Holdings and Accesscorp.

Market breadth closed positive as 20 stocks appreciated while 10 declined.

Guinness Nigeria led the gainer’s table with 9.88 percent to close at N87.90 per share.

Caverton Offshore Support Group followed with a gain of 9.62 percent to close at N1.14, while Transcorp Nigeria grew by 8.65 percent to close at N1.13 per share.

Nigerian Exchange Group advanced by 6.43 percent to close at N22.35 per share. LASACO Insurance gained by 5.10 percent to close at N1.03 per share.

On the other hand, Consolidated Hallmark Insurance led the laggard’s table, depreciating by 7.69 percent to close at 60k per share.

Unilever Nigeria followed with a loss of 7.22 percent to close at N12.20, while Sovereign Trust Insurance declined by 7.14 percent to close at 26k.

Also, UPDC Real Estate Investment Trust depreciated by 7.04 percent to close at N3.30 per share. JaizBank fell by 4.44 per cent to close at 86k.

Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 5.35 percent.

A total of 367.34 million shares valued at N3.24 billion were exchanged in 3,725 deals.

Sterling Bank recorded the highest volume with 162.45 million traded shares valued at N238.94 million.

Access Holdings followed by trading 27.7 million shares worth N228.03 million, while United Bank for Africa (UBA) sold 26. 58 million shares valued at N191.27 million.

FBN Holdings transacted 22.4 million shares worth N244.67 million, Fidelity Bank sold 20.17 million shares valued at N63.77 million.