Nigerian stock market bounces back, advanced by 1.72%

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MARKET REBOUND

 

After four straight sessions of losses, the Nigerian stock market bounced back on Thursday as the All Share Index rose 1.72% to close at 41,504.51 points as against the previous close of 40,802.08 points on Wednesday.

As a result, investors gained about N252 billion as market capitalisation advanced by 1.72% closing at N14.993 trillion.

Today, about 272.6 million units of shares were traded in 4,368 deals. The value of traded stocks grew by 1.6% to settle at N3.715 billion compared to its previous close of N3.657 billion

Market Breadth

23 stocks closed positive against 27 that lost.

Percentage Gainers

Custodian & Allied Plc led other percentage gainers closing 9.98% above the previous close of N4.41, to settle at N4.96.

Fidelity Bank grew 8.06% and Wema Bank grew 6.45% ahead other stocks like Vital Foam, Mobil, Caverton, Union Bank, Guaranty Trust Bank, Total and ABC transport.

Percentage Losers

C&I Leasing tops the losers’ chart losing 9.47% of its share price, while Japaul Oil and Champion Breweries both shed 9.23% and 6.98% respectively.

The most actively traded stock of the day is Zenith Bank, trading about 45.3 million units of its shares in 547 deals, worth about N1.35 billion.

 

 

 

 

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