Nigeria’s Equities Market rebounds after days of losses

Toyin Ajadi


Transactions in Nigeria’s equities market bounced back to close in the positive on Wednesday after several days of losses at the Exchange.


The market capitalization rose by N4 million to close at N20.282 trillion as against N20.282 trillion on Tuesday.


In the same vein, the All-Share Index appreciated by 0.02% or 22.58 points to close at 38,744.03 basis points.


At the end of the day’s trading, investors traded 356.46 million shares worth N4.19 billion in 6,130 deals.


The market sentiment was, however, negative as the market recorded 12 gainers relative to 27 losers.


Jaiz Bank topped the gainers’ chart to close at N0.66k after a N0.06k gain; Init Plc gained N0.04k to close at N0.46k, while Royalex gained N0.03k to close at N0.39k.


On the other hand, Sterling lost N0.16k to close at N1.53k. It was followed by PharmDeko, which lost N0.14k to close at N1.34k; Prestige lost N0.04k to close at N0.42k.


Zenith was the toast of investors as it traded 55.030 million shares valued at N1.156 billion, followed by Access bank with 38,384 million shares worth N308.553 million.


Amaka E. Nliam

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