Nigerian bourse bounces back 0.33%, large cap counters regained positive momentum


Although, DANGCEM again lost 1.13% on Thursday, but the renewed optimism in some mid and large cap counters help the bourse stay afloat, as the All- Share Index grew by 0.33% closing at 43,092.63 points as against 42,952.70 points of the previous trading session, gaining 139.93 points.

As a result, investors gained about N5billion as market capitalisation grew by 0.32% closing at N15.480 trillion as against N15.430 trillion of the previous trading session.

Total turnover volume grew by 112.63% settling at 574.806 million units as against 270.331 million units of last trading session, the value however declined by 34.48% recording N3.3 billion as against N5.1 billion of last trading session.


Market Breadth

30 stocks against 28 advanced, bringing the market breadth to a positive round off.

Japaul Oil led other percentage gainers closing 9.88% above the previous close of N0.81 to settle at N0.89.

Percentage gainers

Wapic grew 8.62% and Unilever grew 7.49% ahead stocks like Consolidated Hallmark Insurance, LASACO, UNIC, Cadbury and Stanbic IBTC.


Percentage losers


C&I Leasing Plc. tops the losers’ chart losing 9.28% of its share price, while Regency Alliance and Jaiz Bank both shed 7.5% and 5% respectively.

Although, capital oil traded the highest volume of about 308million units of share, however, Zenith retains in our opinion the most outstanding equity for the day trading about 16.6million units of share in 352 deals, worth about N500million.




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