Nigerian market rebounds, grows marginally by 0.03%

The Nigerian equity market on Tuesday bounced back after sessions of losses as the All Share Index marginally grew by 0.03% to settle at 54,904.68 points from the previous close of 54,888.48 points.

Investors gained 9 billion as The Market Capitalisation was up by 0.03% to close at N29.910 trillion from the previous close of N29.901 trillion.

An aggregate of 127.7 million units of shares were traded in 2,987 deals, valued at N1.586 billion.

The Market Breadth closed balance as 12 equities appreciated in their share prices against 12 equities that declined in their share prices.

Percentage Gainers

Linkage Assurance led the gainers with 9.76% growth to close at N0.45 from the previous close of N0.41.

WAPIC, Champion Breweries and Sterling Bank among other gainers also grew their share prices by 7.89%, 4.26% and 2.64% respectively.

Percentage Losers

Ikeja Hotel led price decliners’ table as it shed 9.65% of its share price to close at N1.03 from the previous close of N1.14.

CADBURY, University Press and International Breweries among other price decliners also shed their share prices by 5.83%, 4.76% and 4.30% respectively.

Volume Drivers

UBA traded about 19.6 million units of its shares in 209 deals, valued at about N157 million.

Fidelity traded about 12 million units of its shares in 103 deals, valued at about N65.7 million.

Zenith Bank traded about 3.5 million units of its shares in 255 deals, valued at N298.8 million.

Source: Nigerian market rebounds, grows marginally by 0.03% – StocksWatch (stocksng.com)

Related Posts

18

Sep
Business & Economy

Stock Market Review: September 18, 2023

The stock market last week closed was down by 1.10% due to profit taking, bringing the All Share Index and Market Capitalisation to 67,395.74 points and N36.886 trillion respectively. Year to date, the market has returned 31.50%. In a stock market review with the MD/CEO of APT Securities and Funds Limited, Mallam Garba Kurfi, the following were discussed: […]

18

Sep
Business & Economy

Nigerian Bourse drops by 1.10% in one week on profit taking, sheds N409bn

The Nigerian stock market declined by 1.01% week on week, as NESTLE, PRESCO and other 51 stocks shed weights. The All Share Index dropped by 1.10% to settle at 67,395.74 points from 68,143.34 points. Consequently, the Market capitalization also dropped by 1.10% to settle at N36.886 trillion from N37.295, thereby shedding N409 billion. An aggregate of 2.93[…]