NGX: Market capitalisation gains N104 billion
The Nigerian bourse rebounded on Wednesday with market capitalisation gaining N104.54 billion or 0.39 per cent to close at N26.880 trillion in contrast with N26.775 trillion posted on Tuesday.
Similarly, the All Share Index grew by 193.82 points or 0.39 per cent to 49,836.51, compared with 49,642.69 achieved on Tuesday.
The upturn was impacted by gains recorded in medium and large capitalised stocks, amongst which are: BUA Foods, WAPCO, FBN Holdings and Accesscorp.
Market breadth closed positive as 20 stocks appreciated while 10 declined.
Guinness Nigeria led the gainer’s table with 9.88 per cent to close at N87.90 per share.
Caverton Offshore Support Group followed with a gain of 9.62 per cent to close at N1.14, while Transcorp Nigeria grew by 8.65 per cent to close at N1.13 per share.
Nigerian Exchange Group advanced by 6.43 per cent to close at N22.35 per share. LASACO Insurance gained by 5.10 per cent to close at N1.03 per share.
On the other hand, Consolidated Hallmark Insurance led the laggard’s table, depreciating by of 7.69 per cent to close at 60k per share.
Unilever Nigeria followed with a loss of 7.22 per cent to close at N12.20, while Sovereign Trust Insurance declined by 7.14 per cent to close at 26k.
Also, UPDC Real Estate Investment Trust depreciated by 7.04 per cent to close at N3.30 per share. JaizBank fell by 4.44 per cent to close at 86k.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 5.35 per cent.
A total of 367.34 million shares valued at N3.24 billion were exchanged in 3,725 deals.
Sterling Bank recorded the highest volume with 162.45 million traded shares valued at N238.94 million.
Access Holdings followed by trading 27.7 million shares worth N228.03 million, while United Bank for Africa (UBA) sold 26. 58 million shares valued N191.27 million.
FBN Holdings transacted 22.4 million shares worth N244.67 million, Fidelity Bank sold 20.17 million shares valued at N63.77 million.
(NAN)
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
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
States
Troops kill terrorist commander, foil attacks in Zamfara, Katsina
Troops killed a notorious terrorist commander and foiled attacks in two states.
World
Woman suspected in Monaco bomb attack found dead near Kyiv
Ukrainian prosecutors said her body was found near Kyiv, with a gunshot wound to the head.
Abuja
Xenophobic Attacks: Ghana govt defers Ramaphosa’s planned state visit
”We sent them a communication indicating that it would be best to defer the visit in view of the present climate around xenophobia,” Mr Ofosu said.
Abuja
ICPC arrests El-Rufai’s doctor over alleged abuse of court approved medical visit
Mr Odey said the doctor was arrested because he allegedly made false statements regarding a court-approved medical visit.
World
UNHRC adopts first-ever resolution linking human rights, neglected diseases
The landmark move is expected to strengthen global efforts to eliminate the diseases and improve the lives of more than one billion affected people.
States
Bauchi police nab suspected bull thief
The suspect allegedly stole a bull valued at ₦800,000.
