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 (

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