Stock market rebounds with 0.13% growth, investors gain N33bn

The Nigerian stock market on Wednesday closed on a positive note, occasioned by 1.45% growth in MTN Nigeria.

The All Share Index appreciated by 0.13% to close at 46,904.48 points from the previous close of 46,843.09 points.

Investors gained N33 billion as the Market Capitalisation grew by 0.13% to close at N25.279 trillion from the previous close of N25.246 trillion.

An aggregate of 201 million units of shares were traded in 4,017 deals, valued at N2.62 billion.

The Market Breadth closed negative as 16 equities emerged as gainers against 17 equities that declined in their share prices.   

Percentage Gainers

Cornerstone Insurance and Ikeja Hotel led other gainers with 10% growth, closing at N0.66 and N1.32 respectively.

Eterna and Meyer Plc among other gainers also grew their share prices by 9.82% and 9.09% respectively.

Percentage Losers

Cadbury led other price decliners, shedding 6.67% of its share price to close at N8.40 from the previous close of N9.00.

Japaul Gold and PZ among other price decliners also shed their share prices by 5.88% and 5.36% respectively.

Volume Drivers

Ecobank traded about 61.89 million units of its shares in 109 deals, valued at N742 million.

Access Holding Plc traded about 29.47 million units of its shares in 415 deals, valued at N294.9 million.

Zenith Bank traded about 15.84 million units of its shares in 482 deals, valued at N361.8 million.

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