Equities market rebounds by 0.17% as investors gain N22bn

The Nigerian equities market on Wednesday, bounced back to a positive close after four straight sessions of losses as the All Share Index grew by 0.17% to close at 24,972.89 points from the previous close of 24,930.88 points on Tuesday.

The Market Capitalization grew by 0.17% to close at N13.027 trillion from the previous close of N13.005 trillion, thereby gaining N22 billion.

Aggregate volume of traded stocks was 265.9 million units, up by 32.72% from the previous close of 200.4 million units, while the traded stock at the close of the market today stood at N2.71 billion against Tuesday’s record of N1.59 billion, this represents about 70% growth.

Market Breadth

The market breadth closed negative as 10 equities gained while 24 equities declined in their share prices.

Percentage Gainers

Nestle Nigeria led other percentage gainers with 10.00% growth, closing at N1094.50 from the previous close of N995.00

Cadbury, Flour Mills and WAPIC among other few gainers grew their share prices by 6.67%, 4.35% and 3.03% respectively.

Percentage Losers

Seplat led other percentage price losers, shedding 9.99% of its share price to close at N428.80 from the previous close of N476.40.

NEIMETH, NPF Microfinance Bank and MANSARD among other price decliners shed their share prices by 9.57%0, 9.04% and 9.00% respectively.

Volume Drivers

Guaranty traded about 43.6 million units of its shares in 265 deals, valued at N1.026 billion.

FBNH traded about 35.4 million units of its shares in 318 deals, worth about N178 million.

 

 

 

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