NSEASI rebounds after three straight losing streak, gains 0.65%, Thursday

The Nigerian Stock market halts three straight losing sessions on Thursday with a growth of 0.65 percent, buoyed by gains in Multiverse and other 22 stocks in the green.

The All-Share Index closed at 37,743.22 points, away from the previous close of 37,499.07 points, while the market capitalization closed at N13.672trillion, adding N88billion above the N13.584trillion it close on Wednesday.

Volume of shares traded declined by 0.52% to arrive at 503.107 million units from 505.737 million units traded in the previous session.

N5.887 billion worth of transaction was recorded against the previous close of N3.126billion, which represents 88.31% growth.

Market Breadth

With 23 stocks ending in green against 20 which ended in red, brought the market breadth to a positive round off

Percentage Gainers

Multiverse occupies the first space on the percentage gainers list with 10.00% growth, closing at N0.22 from N0.20. This is followed by Consolidated Hallmark Insurance, Japaul Oil and May & Baker with 9.68%, 8.33% and 5.78% growth respectively.

Percentage Losers

Capital Oil tops the percentage losers’ chart, losing 9.09% of its share price. Also on the red are NEM, CHAMPION and Mobile Oil, all shedding 8.82%, 8.00% and 7.89% respectively.

Volume Drivers

UBA traded 294.922 million units of its shares in 196 deal, valued at about N3. 052 billion while, Zenith Bank’s traded stock for the day stands at 38.302 million units, valued at about N930.6 million in 398 deals




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