Activities on the Nigerian Stock Exchange (NSE) rebounded on Wednesday after dropping for eight-consecutive days with the market indicators improving by 1.11 per cent.
The News Agency of Nigeria (NAN) reports that the All-Share Index appreciated by 463.65 points or 1.11 per cent to close at 42,171.80, compared to 41,708.15 posted on Tuesday.
Also, the market capitalisation closed higher at N15.133 trillion as against N14.967 trillion achieved on Tuesday, indicating a growth of N166 billion or 1.11 per cent.
NAN reports that the market reversal was due to the gain posted by Nestle, which led the gainers’ table, increasing by N25 to close at N1, 345 per share.
Beta Glass followed with a gain of N3.40 to close at N72.10, while Zenith International Bank gained N1.50 to close at N31.50 per share.
Nigerian Breweries appreciated by N1.20 to close at N129, while Flour Mills Nigeria added 90k to close at N32.40 per share.
On the other hand, Total topped the losers’ chart, dropping by N1 to close at N229 per share.
Forte Oil trailed with a loss of 80k to close at N45, while Okomu Oil Palm depreciated by 50k to close at N72 per share.
Dangote Cement was down by 30k to close at N258.40, while NASCON shed 25k to close at N20.75 per share.
Skye Bank was the most active stock in volume terms, trading 113.19 million shares valued at N121.95 million.
FCMB Group followed with an account of 54.11 million shares worth N146.09 million, while United Bank for Africa traded 41.93 million shares valued at N487.57 million.
Diamond Bank accounted for 38 million shares worth N104.89 million, and Guaranty Trust Bank exchanged 36.76 million shares valued at N1.63 million.
Over all, investors bought and sold 520.74 million shares worth N4.72 billion transacted in 5,694 deals.
This was in contrast with a total of 470.52 million shares valued at N3.68 billion sold in 6,309 deals on Tuesday. (NAN)
All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from LEADERSHIP Nigeria Newspapers. Contact: firstname.lastname@example.org
NEWS16 hours ago
Tambuwal Orders Compulsory Retirement Of 2 Permanent Secretaries
CRIME13 hours ago
Patient Dies Following Buttock Enhancement , Police Nabs Doctor
POLITICS20 hours ago
Face Governance, Leave Saraki Alone, APC Charged
CRIME17 hours ago
Father Kills Man For Following Daughter Into Bathroom
LAW17 hours ago
Parliament Passes Anti – Fake News Law
METRO17 hours ago
Edo Received 3,883 Libyan Returnees In 10 Months – Official
METRO13 hours ago
Eid-El-Kabir: FRSC Deploys 21,000 Regular Marshals To Regulate Traffic
FEATURES2 hours ago
No Rule Says Senate President Must Be From Majority Party – Hon Jev