Nigeria’s domestic equities market rebounded on Thursday as key index gained 0.3 percent after closing negative the previous day.
At the end of business, the market capitalisation of listed equities appreciated by N88 billion to close at N30.326 trillion higher than the N30.238 trillion recorded on Wednesday’s midweek trade.
Similarly, the All-Share Index, ended upbeat by 161.63 basis points representing a 0.3% increase to close at 55,670.24points higher than the 55,508.61 of the previous day.
The market sentiment when measured by market breadth was however negative with 25 losers and 17 gainers.
On price gain, the market witnessed profit-taking on SUNU Assurance Plc, Dangote Sugar and MCNICHOLS shares as their respective prices increased by 10%, 9.94% and 9.72% to close at N0.44k, N19.35k and N0.79k.
The losers table saw the shares of Sovereign Trust Insurance Plc, Academy Press and TRANSCORP drop by 10%, 9.38% and 7.97% on their respective prices to close at N0.27k, N1.16k and N1.27k.
The day’s trading session ended with 206.11 million units of shares that exchanged hands in 4,335 deals.
Confidence Okwuchi
