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Equity market rebounds, indices gain by 0.39%

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 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 NewsSourceCredit NAN
Equity market rebounds, indices gain by 0.39%

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.

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All Share Index

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.

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Holdings and Accesscorp

The upturn was impacted by gains recorded in medium and large capitalised stocks, amongst which are: BUA Foods, WAPCOFBN Holdings and Accesscorp.

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Market breadth closed positive as 20 stocks appreciated while 10 declined.

Guinness Nigeria

Guinness Nigeria led the gainer’s table with 9.88 per cent to close at N87.90 per share.

Caverton Offshore Support Group

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

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.

Consolidated Hallmark Insurance

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

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.

Real Estate Investment Trust

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

Sterling Bank recorded the highest volume with 162.45 million traded shares valued at N238.94 million.

Access Holdings

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

FBN Holdings transacted 22.4 million shares worth N244.67 million, Fidelity Bank sold 20.17 million shares valued at N63.77 million.

NewsSourceCredit: NAN

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