Nigerian stock market rebounds, closes 0.07% higher

Trading activities on the floor of the Nigerian Stock Exchange on Thursday closed in green as the All Share Index grew by 0.07% to close at 29,919.44 points from the previous close of 29,898.31 points on Wednesday.

The market capitalisation grew by 0.07% to close at N11.244 trillion from the previous close of N11.236 trillion, thereby gaining N8 billion.

Aggregate volume and value of traded stocks closed at 566.5 million units and N7.27 billion in 4,103 deals.

Market Breadth

The market breadth closed positive as 19 stocks gained while 17 stocks lost.

Percentage Gainers

Cutix Plc with 10% growth led other gainers to close at N1.87 from the previous close of N1.70

Forte Oil, Dangote Flour and NPF Microfinance Bank among other gainers also grew their share prices by 9.88%, 9.69% and 9.35% respectively.

Percentage Losers

Julius Berger and Guinness both led the decliners, shedding 10% of their share prices to close at N22.50 and N48.60 respectively.

UACN, Jaiz Bank and Sovereign Trust Insurance among other price decliners also shed 9.35%, 8.33% and 8.00% of their share prices respectively.

Volume Drivers

  • Japaul Oil traded about 94.4 million units of its shares in 213 deals, valued at N21.85 million.
  • Transcorp traded about 30.96 million units of its shares in 265 deals, valued at N33.97million.
  • Unilever traded 29.99 million units of its shares in 44 deals, valued at N929.5million.

 

 

 

 

Leave a Reply

Your email address will not be published.

WP Twitter Auto Publish Powered By : XYZScripts.com