Equities market rebounds as investors gain N78bn

Trading activities on the platform of the Nigerian Stock Exchange on Wednesday closed on a positive note as the All Share Index reversed from the previous day’s loss with 0.66% growth to settle at 22,780.30 points from the previous close of 22,629.92 points on Tuesday.

The market capitalisation rose by 0.66% to close at N11.872 trillion from the previous close of N11.794 trillion, thereby gaining N78 billion.

Aggregate volume of traded stocks closed at 186.23 million units, down by 25.61% from the previous close of 250.35 million units.

Value of traded stocks was N1.85 billion down by 20.32% from the previous close of N2.33 billion.

Total number of deals at the close of trade was 3,446, down by 29.34% from the previous close of 4,877 deals.

 

Market Breadth

The market breadth closed positive as 19 equities gained while 4 equities declined in their share prices.

 

Percentage Gainers

NEM Insurance led other percentage gainers with 10% growth, closing at N2.20 from the previous close of N2.00.

WAPCO, Livestock Feeds and Transcorp Plc among other gainers grew their share prices by 9.66%, 7.69% and 7.35% respectively.

 

Percentage Losers

Skyway Aviation led 3 other price decliners, shedding 8.16% of its share price to close at N1.80 from the previous close of N1.96.

Other price decliners include Union Diagnostics, Guinness and Caverton, shedding 6.45%, 6.40% and 4.26% of their share prices respectively.

 

Volume Drivers

  • Zenith Bank traded about 30.96 million units of its shares in 524 deals, valued at N420.53 million.
  • First Bank of Nigeria Holdings (FBNH) traded about 30.72 million units of its shares in 268 deals, valued at N130.49 million.
  • Guaranty Trust Bank traded about 25.77 million units of its shares in 482 deals, valued at N486.8 million.

 

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