Market rebounds with 0.02% growth, gains N4bn

The Nigerian stock market on Wednesday halts four consecutive days of downtrend as the All Share Index appreciated by 0.02% to close at 47,163.94 points from the previous close of 47,156.56 points.  

The Market Capitalisation appreciated by 0.02% to close at N25.419 trillion from the previous close of N25.415 trillion, thereby shedding N4 billion.

An aggregate of 267.48 million units of shares were traded in 4,099 deals, valued at N3.22 billion.

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

Percentage Gainers

CAP Plc led the gainers chart with 10.00% growth, closing at N19.80 from the previous close of N18.00.

Learn Africa, Champion Breweries and Sterling Bank also grew their share prices by9.60%, 9.09% and 3.95% respectively.

Percentage Losers

FCMB led other price decliners as it shed 8.72% of its share price to close at N3.35 from the previous close of N3.67.

Mutual Benefits and ABC Transport among other price decliners also shed their share prices by 7.41% and 6.25% respectively.  

Volume Drivers

Fidelity Bank traded about 68.8 million units of its shares in 318 deals, valued at N219 million.

Access Bank traded about 38.6 million units of its shares in 410 deals, valued at N384 million.

UBA traded about 30.9 million units of its shares in 240 deals, valued at N236 million.

Source: Market rebounds with 0.02% growth, gains N4bn – StocksWatch (stocksng.com)

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