Investors in the Nigerian equities market gained N72 billion by the close of trading on Thursday.
This followed a surge in the share prices of stocks such as Intenegins, ABC Transport and Unilever, among others, on the trading floor.
The benchmark All-Share Index (ASI) increased to 249,175.39 points from the 249,062.37 points recorded on the previous trading day.
After five hours of trading on the capital market, equity capitalisation rose to N159.7 trillion from N159.6 trillion posted by the bourse on Wednesday.
The market breadth was negative, with 41 stocks advancing, 25 declining, and 82 remaining unchanged in 62,448 deals.
A total of 1,058,721,123 shares were traded, valued at N30.9 billion.
Intenegins, ABC Transport and Unilever led the gainers’ chart, with 10%, 9.93% and 9.80% growth in share prices, respectively, to close at N3.41, N9.08 and N168.00 per share, up from N3.10, N8.28 and N153.00 per share.
Berger, Learn Africa, and Daar Communications led other price decliners, with declines of 10%, 9.96%, and 9.95%, respectively, to close at N147.60, N11.75, and N1.90 per share, down from N164.00, N13.05, and N2.11 per share, respectively.
On the volume index, Sterling Bank led trading with 322 million shares in 497 deals, followed by Japaul Gold, which traded 96 million shares in 1,626 deals.
Fidelity Bank traded 57 million shares in 957 deals.
READ ALSO:
On the value index, Aradel traded stocks valued at N5 billion in 1,828 deals, followed by Zenith Bank, which traded equities worth N3 billion in 3, 265 deals.
Sterling Bank traded shares valued at N2.5 billion in 497 deals.
Babajide Okeowo
The post NGX: Equities market rebounds as investors gain N72bn appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.
English (US) ·