Market rebounds with 0.42% growth, gained N126bn

The Nigerian stock market on Tuesday bounced back from Monday’s marginal slide of 0.02% as the All Share Index grew by 0.42% to close at 56,038.85 points from the previous close of 55,806.71 points.  

The Market Capitalisation appreciated by 0.42% to close at N30.513 trillion from the previous close of N30.387 trillion, thereby gaining N126 billion.

An aggregate of 322.5 million units of shares were traded in 6,165 deals, valued at 5.8 billion.

The Market Breadth closed positive as 28 equities emerged as gainers against 24 equities that declined in their share prices.

Percentage Gainers

ETRANZACT led the gainers chart with 10.00% growth, closing at N4.40 from the previous close of N4.00.

Eterna Oil, Cornerstone Insurance and PHARMADEKO also grew their share prices by 9.85%, 9.52% and 9.52% respectively.

Percentage Losers

JOHNHOLT led other price decliners as it shed 9.88% of its share price to close at N1.55 from the previous close of N1.72.

MULTIVERSE and CHELLARAM among other price decliners also shed their share prices by 9.54% and 9.52% respectively.  

Volume Drivers

UBA traded about 47 million units of its shares in 422 deals, valued at N442 million.

ACCESSCORP traded about 39.9 million units of its shares in 390 deals, valued at N501.8 million.

GTCO traded about 30 million units of its shares in 309 deals, valued at N846.9 million.

Source: Market rebounds with 0.42% growth, gained N126bn – StocksWatch (stocksng.com)

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