Nigerian Bourse bounces back, grew 0.33% after six straight sessions of losses


After six straight sessions of losses, the Nigerian stock market bounced back, Thursday as the All Share index rose 0.33 percent to close at 41,633.79 points.

As a result, investors gained about N196billion as market capitalisation advanced to N15.04trillion.

Trading activities were upbeat as volume and value traded grew 10.92 percent and 30.20 percent to settle at 542.347million units and N7.347 billion respectively.


Market Breadth

29 stocks closed positive against 28 that lost bringing the market breadth to a positive round off.

Percentage Gainers

Glaxosmith led other percentage gainers closing 10.20% above the previous close of N22.05, to settle at N24.3. Japaul Oil grew 8.62% and May & Baker grew 5% ahead other stocks like FCMB and Continental Reinsurance that grew 4.94% and 4.91% respectively.

Percentage Losers

On the other side, Multiverse tops the losers’ chart losing 8.70% of its share price, while Unity Kapital and FTN Cocoa both shed 8.33 and 7.69% respectively.

Volume Drivers

Guaranty has the highest number of traded volume of about 126 million units while Africa Alliance Insurance recorded the highest traded value of about N2.338 billion.



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