Market rebounds with 0.21% growth, gains N54bn

The Nigerian stock market on Wednesday halted three consecutive days of downtrend as the All Share Index appreciated by 0.21% to close at 47,157.23 points from the previous close of 47,057.24 points.  

The Market Capitalisation appreciated by 0.21% to close at N25.411 trillion from the previous close of N25.357 trillion, thereby gaining N54 billion.

An aggregate of 297.25 million units of shares were traded in 4,661 deals, valued at N4.69 billion.

The Market Breadth closed positive as 27 equities emerged as gainers against 14 equities that declined in their share prices.

Percentage Gainers

RT BRISCOE led the gainers chart with 10.00% growth, closing at N0.33 from the previous close of N0.30.

SCOA and Sunu Assurance also grew their share prices by 9.49% and 8.33% respectively.

Percentage Losers

JULI Plc led other price decliners as it shed 9.89% of its share price to close at N0.82 from the previous close of N0.91.

MULTIVERSE and Sovereign Trust Assurance among other price decliners also shed their share prices by 4.76% and 4.17% respectively.  

Volume Drivers

Access Bank traded about 48 million units of its shares in 303 deals, valued at N498.7 million.

NGXGROUP traded about 22.7 million units of its shares in 94 deals, valued at N567 million.

Fidelity Bank traded about 21 million units of its shares in 109 deals, valued at N60.5 million.

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