3 hours ago
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The Nigerian stock market has bounced back on a bullish run after a day of downturn as investors added N3.205 trillion to their portfolios.
Market capitalization rose from N143.969 trillion to N147.174 trillion, representing a 2.23 percent increase.
In the same vein, the All-Share Index advanced by 4,977.51 points, or 2.23 percent, to close at 228,579.80 from 223,602.29.
This led the year-to-date return to 46.89 percent growth.
Meanwhile, the market breadth recorded 42 losers against 39 gainers, closing negatively.
On the gainers table, WAPCO, Industrial and Medical Gases (IMG), and FTN Cocoa Processors topped 10 percent each, closing at N324.50, N39.60, and N5.50 per share, respectively.
Similarly, Austinlaz gained by 9.71 percent, finishing at N3.73, while Presco rose by 9.52 percent, closing at N2,300 per share.
On the flip side, UBA led the losers’ chart by 10 percent, closing at N44.55, while Trans-Nationwide Express followed by 9.99 percent, finishing at N6.40.
Similarly, National Salt Company shed 9.18 percent, ending the session at N187.90 per share.
Also, Jaiz Bank dipped by 8.98 percent, closing at N8.01, and Berger Paints fell by 8.66 percent, settling at N68 per share.
Analysis of the market activity revealed an increase in the value and volume but a decline in deals as 907.96 million shares worth N68.23 billion were exchanged across 72,886 transactions.
This is in contrast with the previous session’s 678.2 million shares valued at N44.14 billion that were traded in 82,838 deals.
Access Corporation led the volume chart with 219.5 million shares worth N5.78 billion while Nestlé topped the value chart with transactions worth N15.27 billion.
