Market rebounds with 0.54% growth, gains N130bn

The Nigerian stock market on Wednesday halted 2 days of downtrend as the All Share Index appreciated by 0.54% to close at 44,046.94 points from the previous close of 43,808.25 points.  

The Market Capitalisation appreciated by 0.54% to close at N23.991 trillion from the previous close of N23.861 trillion, thereby gaining N130 billion.

An aggregate of 159 million units of shares were traded in 3,039 deals, valued at 2.86 billion.

The Market Breadth closed negative as 21 equities emerged as gainers against 24 equities that declined in their share prices.

Percentage Gainers

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

MRS and Zenith Bank also grew their share prices by 9.73% and 8.46% respectively.

Percentage Losers

Eterna Oil led other price decliners as it shed 10.00% of its share price to close at N5.67 from the previous close of N6.30.

GUINNESS and SCOA among other price decliners also shed their share prices by 9.98% and 9.49% respectively.  

Volume Drivers

Fidelity Bank traded about 27.9 million units of its shares in 110 deals, valued at N114 million.

GTCO traded about 20.8 million units of its shares in 329 deals, valued at N388 million.

Zenith Bank traded about 14 million units of its shares in 254 deals, valued at N295 million.

Source: Market rebounds with 0.54% growth, gains N130bn – StocksWatch (stocksng.com)

Related Posts

03

Nov
Business & Economy

ELITE WEALTH PLACEMENT FUND

Welcome to the Elite Wealth Placement Fund – a bespoke investment vehicle designed exclusively for high-net-worth individuals seeking attractive and tailored placement opportunities. Our fund is managed by a team of seasoned financial experts with a proven track record of delivering superior returns, while prioritizing risk management and long-term wealth preservation. As an exclusive member, you will […]

03

Nov
Business & Economy

PZ Cussons Nigeria Plc reports N113bn revenue, boosts profit after tax by 114% in one year

The Audited Financial Statement of PZ Cussons for the year ended 31 May 2023 show significant growth in the Company’s bottom line figures with 114% growth in its profit after tax for the 12 months period. The Group reported revenue of N113.964 billion for the 12 months period, up by 14.53% from N99.503 reported the previous year.[…]