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)

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