Market rebounds with 0.29% growth, gains N88bn

The Nigerian stock market on Thursday bounced back from Wednesday’s slide of 0.53% as the All Share Index grew by 0.29% to close at 55,670.24 points from the previous close of 55,508.61 points.  

The Market Capitalisation appreciated by 0.29% to close at N30.327 trillion from the previous close of N30.239 trillion, thereby gaining N88 billion.

An aggregate of 206 million units of shares were traded in 4,385 deals, valued at 3.26 billion.

The Market Breadth closed negative as 17 equities emerged as gainers against 25 equities that declined in their share prices.

Percentage Gainers

Sunu Assurance led the gainers chart with 10.00% growth, closing at N0.44 from the previous close of N0.40.

Dangote Sugar, MCNICHOLS and GEREGU also grew their share prices by 9.94%, 9.72% and 9.02% respectively.

Percentage Losers

Sovereign Trust Insurance led other price decliners as it shed 10.00% of its share price to close at N0.27 from the previous close of N0.30.

Academy Press and TRANSCORP among other price decliners also shed their share prices by 9.38% and 7.97% respectively.  

Volume Drivers

TRANSCORP traded about 29.7 million units of its shares in 174 deals, valued at N29.7 million.

ACCESSCORP traded about 18.6 million units of its shares in 218 deals, valued at N172 million.

Zenith Bank traded about 9.2 million units of its shares in 233 deals, valued at N222.6 million.

Source: Market rebounds with 0.29% growth, gains N88bn – StocksWatch (stocksng.com)

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