Market rebounds with 0.09% growth, investors gain N21bn

Transactions on the floor of the Nigerian Exchange on Wednesday closed on a positive note as the All Share Index appreciated by 0.09% to close at 42,357.36 points from the previous close of 42,317.52 points.

Investors gained N21 billion as the Market Capitalisation grew by 0.10% to close at N22.102 trillion from the previous close of N22.081 trillion.

An aggregate of 226.18 million units of shares were traded in 3,476 deals, valued at N2.63 billion

The Market Breadth closed positive as 19 equities emerged as gainers while 13 equities declined in their share prices.

Percentage Gainers

Red Star Express led other gainers with 7.94% growth, closing at N3.40 from the previous close of N3.15.

Meyer Plc and Japaul Gold among other gainers also grew their share prices by 7.69% and 5.41% respectively.

Percentage Losers

E-tranzact led other price decliners as it shed 9.57% of its share price to close at N1.89 from the previous close of N2.09.

Royal Exchange and Cutix among other price decliners also shed their share prices by 4.76% and 4.21% respectively

Volume Drivers

International Breweries traded about 51.79 million units of its share in 43 deals, valued at N253.34 million.

FBNH traded 32.53 million units of its shares in 210 deals, valued at N392.19 million

GTCO traded about 17.99 million units of its shares in 240 deals, valued at N457.22 million.

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