Stock market rebounds with 0.02% growth, investors gain N5bn

The Nigerian Exchange on Tuesday closed on a positive note as the All Share Index appreciated marginally by 0.02% to close at 42,018.92 points from the previous close of 42,008.60 points.

Investors gained N5 billion as the Market Capitalisation grew by 0.02% to close at N21.925 trillion from the previous close of N21.920 trillion.

At the close of trade on Tuesday, an aggregate of 639.44 million units of shares were traded in 4,564 deals, valued at N6.63 billion.

The Market Breadth closed positive as 20 equities emerged as gainers against 19 equities that declined in their share prices.

Percentage Gainers

Abbey Mortgage Bank led other gainers with 9.47% growth to close at N1.04 from the previous close of N0.95.

Meyer Plc and NEM Insurance among other gainers also grew their share prices by 8.33% and 7.56% respectively.

Percentage Losers

Glaxo Smithkline led other price decliners as it shed 9.32% of its share price to close at N5.35 from the previous close of N5.90.

Seplat and Jaiz Bank among other price decliners also shed 5.38% and 4.48% of their share prices respectively.

Volume Drivers

FBNH traded about 364 million units of its shares in 338 deals, valued at N4.11 billion.

Sterling Bank traded about 80.97 million units of its shares in 53 deals, valued at N121.43 million.

Ecobank traded about 19.77 million units of its shares in 152 deals, valued at N159.44 million.

Leave a Reply

Your email address will not be published. Required fields are marked *