Newscenter Media News The Nigerian equities market rebounded from previous day’s losses with a modest ₦81 billion gain for investors at the close of trading on Thursday.
This followed a surge in the share prices of stocks like UPDC, INTERNATIONAL BREWERIES and ROYALEX amongst others on the trading floor.
After five hours of trading at the capital market, the equity capitalization surged to ₦66.5 trillion from ₦66.4 trillion posted by the bourse recorded on Wednesday.
The benchmark All-Share Index (ASI) rose to 106,220.62 points from 106,090.38 points recorded the previous day.
The market breadth was positive as 35 stocks advanced and 20 stocks declined, while 64 stocks remained unchanged in 11, 233.
UPDC, INTERNATIONAL BREWERIES.and ROYALEX led other gainers with 9.92%, 9.62% and 9.59% growth each in prices to close at N2.77, N5.70 and N0.80 from the previous N2.52, N5.20 and N0.73 per share.
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UPL, ACADEMY, and RED STAR EXPRESS led other price decliners with 10%, 9.66% and 9.32% dip in share prices to close at N4.32, N2.62 and N5.35 from the previous N4.80, N2.90 and N5.90 per share.
On the volume index, TANTALIZER led trading with 29 million shares in 509 deals followed by ACCESS CORP which traded 29 million shares in 687 deals.
ZENITH BANK traded 28 million shares in 571 deals.
On the value index, GEREGU traded stocks worth N7.7 billion in 121 deals followed by ARADEL which traded equities worth N1.6 billion in 251 deals.
GTCO traded shares valued at N1.6 billion in 387 deals.
By: Babajide Okeowo
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