Monday, February 6, 2023

After five-day losing streak, stocks rebound by 0.28%

Market capitalisation rose to N25.485 trillion, from the N25.414 achieved on Tuesday, indicating a 0.28 per cent increase.

• March 9, 2022
Nigerian trading floor
Nigerian trading floor

The equities market on the Nigerian Exchange Ltd. closed transactions on Wednesday on a positive note by 0.28 per cent  rebounding from the five consecutive bearish trading days.

The All share Index (ASI) rose to 47,287.09 from 47,154.35, indicating a Year to Date (YoD) return of 10.7 per cent.

Also, market capitalisation rose to N25.485 trillion, from the N25.414 achieved on Tuesday, indicating a 0.28 per cent increase.

The market turnover increased to N5.86 billion from N3.64 billion. The market breadth was positive as 30 stocks appreciated, 12 stocks depreciated and 67 stocks remained unchanged. 

Presco recorded the highest price gain of 10 per cent to close at N114.95.

Pharma Deko followed with a gain of 9.89 per cent to close at N2, while Linkage Assurance rose by 9.80 per cent to close at 56 kobo. 

Royal Exchange Assurance rose by 9.63 per cent to close at N1.48. R.T Briscoe appreciated by 8.93 per cent to close at 61 kobo.

On the other hand, ELLAHLAKES led the losers’ chart by 9.92 per cent to close at 3.45 kobo. 

May and Baker Plc  followed with a decline of 9.91 per cent to close at 4.91 while Neimeth Pharmaceutical Plc depreciated by 9.34 per cent to close at N1.65

Niger Insurance declined by 8.7 per cent to close at 21 kobo, while Africa Curtix depreciated by 7.26 per cent to close at N2.30.

Meanwhile, the total volume of trades rose by 62.8 per cent to 291.882 million units, valued  N2.855 billion, and exchanged in 4,792 deals as against 754.93 million units, valued N3.64 billion and exchanged in 4,330 deals on Tuesday.

The total volume of trades declined by 55.5 per cent to 336.31 million units, valued at NGN5.86 billion, and exchanged in 5,248 deals a

Transactions in the shares of First Bank of Nigeria Holding Plc topped the activity chart with 102.614 million shares valued  N1 248  billion.

Guaranty Trust Holding Company (GTco) followed with 54.133 million shares worth N1.428 billion, while UCAP traded 25.292 million shares valued N308.507 million.

Zenith Bank Plc traded 22.292 million shares valued N595.014 million, while Carverton Plc transacted 14. 946 million shares worth N19.043 million.


We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

President Muhammadu Buhari and Bola Tinubu


Group says northerners want Tinubu to succeed Buhari but Presidency cabal resisting

“This individuals with their clandestine motives have continued to play with our unity as a country.”


Over 200 killed as earthquake hits Turkey, Syria

At least 200 persons have died and millions have been displaced from their homes after a deadly earthquake.


Tems wins Grammy, Burna Boy leaves empty-handed

Tems has won her first Grammy at the 65th Grammy awards on Sunday.



Beyoncé wins record-breaking 32nd Grammy

It took the songwriter 88 career nominations to break the previous 31 Grammy Awards record.

Pervez Musharraf


UN chief mourns ex-Pakistani President Musharraf

In 2019, he was sentenced to death in absentia for high treason. The ruling was later overturned.



Guterres condemns attack on UN’s helicopter in DR Congo

M23 has seized many areas of North Kivu province in eastern DRC since last October.