Equity market rebounds, gains N15bn

Trading activities on the floor of Nigerian Stock Exchange (NSE) on Thursday closed northwards as value of equities appreciated by N15 billion.

Specifically, market capitalisation of listed equities increased by 0.11 per cent to N13.522 trillion from N13.507 trillion reported the previous day. 

The NSE All Share Index  (ASI) also appreciated by 30.20 basis points  to 27748.46 points from N27718.26 traded on Wednesday.

Investors traded 97.358 million shares worth N1.768 billion in 2936 deals against a total of 251.930 million shares valued at N4.128 billion exchanged hands the previous day in 3937 deals.

An analysis of the transactions indicated that MTN Nigeria Communications Plc led gainers table during the day, appreciating by N2.05 kobo to close at N129.05 kobo, Nascon followed with a gain of N0.90 kobo to close at N14.00, Berger Paint gained N0.55 kobo to close at N6.25 kobo, Fidson Healthcare added N0.40 kobo to close at N4.50 kobo while Flour Mills Nigeria Plc advanced by N0.20 kobo to close at N15.25 kobo.

Forte Oil on the contrary topped losers chart, dropping by N1.60 kobo to close at N18.05 kobo, Guaranty Trust Bank Plc trailed with a loss of N0.50 kobo to close at N27.90 kobo, International Breweries depreciated by N0.50 kobo to close at N12.00, NCR down by N0.50 kobo to close at N5.30 kobo, Eterna Oil went down by N0.30 kobo to close at N2.70 kobo.

Zenith Bank Plc was the most active stock for the day, trading 11.591 million shares worth N212.744 million , United Bank for Africa followed with account of 11.216 million shares valued at N67.044 million, Lafarge Wapco traded a total of 10.205 million shares cost N147.006 million, Guaranty Trust Bank sold 8.374 million shares worth at N235.106 million while Transnational Corporation of Nigeria Plc exchanged 7.176 million shares valued at N6.904 million.

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