Market rebounds marginally with 0.01% growth, gains N12bn

The Nigerian stock market on Thursday halted three sessions of downtrend as the All Share Index appreciated marginally by 0.01% to close at 51,563.73 points from the previous close of 51,556.54 points. The Market Capitalisation was up by 0.04% to close at N27.807 trillion from the previous close of N27.795 trillion, thereby gaining N12 billion.

An aggregate of 143 million units of shares were traded in 3,874 deals, valued at 1.756 billion.

The Market Breadth closed positive as 17 equities emerged as gainers against 10 equities that declined in their share prices.

Percentage Gainers

Academy Press led the gainers chart with 9.55% growth, closing at N1.72 from the previous close of N1.57.

NAHCO and FTN COCOA also grew their share prices by 9.41% and 9.37% respectively.

Percentage Losers

RT BRISCOE led other price decliners as it shed 8.11% of its share price to close at N0.34 from the previous close of N0.37.

UPDC and Regency Alliance among other price decliners also shed their share prices by 7.87% and 7.41% respectively.  

Volume Drivers

GTCO traded about 19 million units of its shares in 551 deals, valued at N396.8 million.

UBA traded about 6.9 million units of its shares in 163 deals, valued at N51 million.

NAHCO traded about 5 million units of its shares in 128 deals, valued at N46 million.

Source: Market rebounds marginally with 0.01% growth, gains N12bn – StocksWatch (stocksng.com)

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