Market rebounds with 0.25% growth, gains N65bn

The Nigerian stock market on Wednesday bounced back from five sessions of losses as the All Share Index grew by 0.25% to close at 48,675.24 points from the previous close of 48,554.76 points.  

The Market Capitalisation appreciated by 0.25% to close at N26.254 trillion from the previous close of N26.189 trillion, thereby gaining N65 billion.

An aggregate of 167.6 million units of shares were traded in 3,751 deals, valued at 3.37 billion.

The Market Breadth closed positive as 16 equities emerged as gainers against 11 equities that declined in their share prices.

Percentage Gainers

Nem Insurance led the gainers chart with 10.00% growth, closing at N4.84 from the previous close of N4.40.

STANBIC IBTC, Ecobank, CUTIX, JAPAULGOLD and Mutual Benefits also grew their share prices by over 6.00%.

Percentage Losers

Fidson led other price decliners as it shed 9.80% of its share price to close at N9.11 from the previous close of N10.10.

FTN Cocoa and Unity Bank among other price decliners also shed their share prices by 9.09% and 2.33% respectively.  

Volume Drivers

ACCESSCORP traded about 28.9 million units of its shares in 262 deals, valued at N231 million.

UBA traded about 22.9 million units of its shares in 176 deals, valued at N160.9 million.

FBNH traded about 22.5 million units of its shares in 91 deals, valued at N241.97 million.

Source: Market rebounds with 0.25% growth, gains N65bn – StocksWatch (

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