After three straight bearish sessions of trading, the Nigerian Stock Exchange on Thursday rebound as the All Share Index grew by 0.47% buoyed by gains in Dangote Cement, MTN Nigeria and other 24 stocks to close at 29,749.35 points against the previous close of 29,609.00 points on Wednesday.

The market capitalisation grew by 0.48% to settle at N13.110 trillion from the previous close of N13.048 trillion, thereby gaining N62 billion.

Aggregate volume and value of traded stocks closed at 301 million units and N5 billion in 4,187 deals.

Market Breadth

The market breadth closed positive as 26 stocks gained while 18 stocks lost.

Percentage Gainers

CCNN with 10% growth led other gainers to close at N13.20 from the previous close of N12.00

Dangote Cement, MTN Nigeria, International Breweries, Access Bank among other gainers also grew their share prices to close the day’s trading session in green.

Percentage Losers

Forte Oil that just experienced a change of ownership and management team led the decliners, shedding 9.87% of its share price to arrive at N27.40 from previous close of N30.40

Berger Paints, Nigerian Breweries and Sterling Bank among other price decliners shed 9.79%, 7.26% and 6.38% respectively.

Volume Drivers

Guaranty traded about 31 million units of its shares in 313 deals, valued at N978 million.