Investors Gain N19.11bn as Stock Market Rebounds
Equity investors in the Nigerian Exchange (NGX) gain N19.11 billion on Tuesday as stock recovers from a negative opening witnessed yesterday, raising year to date return upward.
After Monday’s decline, the Nigeria stock market rebounded with a 0.09 per cent upsurge, following the price appreciation in BUA Cement and nine (9) other stocks.
As a result, the All-Share Index increased by 36.60 basis points, representing a growth of 0.09 per cent to close at 42,013.39 points. Today’s market Capitalisation rise to ₦19.11 billion, representing an upsurge of 0.09 per cent to close at ₦21.93 trillion.
However, the market activities were mixed, as the total volume traded declined by 15.65 per cent, while the total value rose by 1.06 per cent. A total of 318.97 million units valued at ₦3.28 billion were transacted in 5,492 deals.
UBA topped the traded stocks in terms of volume, accounting for 16.48 per cent of the total volume of trades, followed by FBNH (9.56%), ZENITHABNK (9.37%), CHAMS (4.85%), and TRANSCORP (4.41%) to complete the top five on the volume chart.
Meanwhile, ZENITH BANK maintained the spot as the most traded stock in value terms, with 22.81 per cent of the total value of trades on the exchange.
On the profitability table, INTBREW led in the gainers’ chart as its share prices appreciated by 9.62 per cent, trailed CHAMS (4.35%), OANDO (4.09%), BUACEMENT (3.47%), DANGSUGAR (0.91%) and 5 others.
Conversely, 31 stocks depreciated in price led by UACN with price decline of 9.73 percent to close at ₦10.2, as FBNH (-6.98%), WEMABANK (-4.71%), ETI (-3.53%), WAPCO (-2.55%), FIDELITYBK (-2.20%), ACCESS (-1.83%), FLOURMILL (-0.85%), ZENITHBANK (-0.60%), UBA (-0.58%), GTCO (-0.35%) and STANBIC (-0.13%), also depreciated in price.
Following the rally, the market breadth closed largely negative, recording 10 gainers and 31 losers. #Investors Gain N19.11bn as Stock Market Rebounds
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