Investors gain N150bn as market rebounds with 1.00% growth

Trading activities on the floor of the Nigerian Stock Exchange on Thursday closed on a positive note as the All Share Index rose by 1.00% to settle at 29,352.13 away from the previous close of 29,062.50 points on Wednesday.

 

The Market capitalisation grew by 1.00% to close at N15.142 trillion away from the previous close of N14.992 trillion, thereby gaining N150 billion.

Aggregate volume of traded stocks closed at 387.16 million units, up by 7.52% from the previous close of 360 million units.

The value of traded stocks grew by 77.01%, closing at N5.02 billion against the previous close of N2.83 billion.

Total number of deals at the close of trade was 4,654, up by 7.11% from the previous close of 4,345 deals on Wednesday.

 

Market Breadth

The market Breadth closed positive as 23 stocks gained while 16 stocks declined in their share prices.

 

Percentage Gainers

Livestock Feeds led the gainers’ list with 10% growth to close at N0.55 from the previous close of N0.50.

Forte Oil, Wapco, Jaiz Bank and FBNH among other gainers also grew their share prices by 8.42%, 6.33%, 6.25% and 5.71% respectively.

 

Percentage Losers

BOCGAS led other price decliners, shedding 10% of its share price to close at N4.95 from the previous close of N5.5.

Caverton, Cornerstone Insurance, UACN and BUA Cement among other price decliners also shed their share prices by 9.97%, 6.90%, 6.54% and 5.26% respectively.

 

Volume Drivers

  • Access Bank traded about 74.64 million units of its shares in 657 deals, valued at N770.93 million.
  • Zenith Bank traded about 71.83 million units of its shares in 638 deals, valued at N1.56 billion.
  • WAPCO traded about 40.73 million units of its shares in 288 deals, valued at N629.9 million.

 

 

 

 

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