On Thursday, the nation’s stock market rebounded with unprecedented profit, as the market capitalisation gained N401 billion or 0.99 per cent to close at N40.776 trillion, as against N40.375 trillion recorded on Wednesday.

The All-Share Index (ASI) also grew by 733.94 or 0.99 per cent to settle at 74,502.58 points, as against 72,404.9 recorded previously.

As a result, the year-to-date return rose to 43.94 per cent.

An increase in the sale of Axa Mansard Insurance, Multiverse, and Julius Berger stocks drove the improved performance.

Access Holdings led the traders’ chart in volume by N23.42 million, while MTN Nigeria led in value by N792.51 billion units.

On the gainers’ chart, Ikeja Hotel led in percentage terms of 10 per cent to close at N5.50k, followed by Multiverse, which closed at 9.96 per cent at N16.89 and Julius Berger, which closed at 9.94 per cent at N39.80.

Industrial and Medical Gas gained N12.25 at 9.87 per cent, while Infinity closed at N5.47 by 9.84 per cent.

On the losers’ chart, UACN led in percentage terms by 10 per cent to close at N12.15 per share, while Johnholt followed to close by 9.73 per cent at N2.32 and DeepCap closed at 9.38 per cent at 58k per share.

RTBrisco lost 8.96 per cent to close at 61k, while UCAP shed 7.53 per cent to close at N22.10.

(NAN)