NGX: Market index rebounds by 0.18%

Toyin Ajadi 

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The benchmark index of equities on the Nigerian Exchange (NGX) bounced back on Wednesday and inched up by 0.18% or 68.15 points to close at 38,482.52 points.

 

The market capitalization closed at N20.058 billion from N20.022 billion recorded at the close of trading on Tuesday.

 

Wednesday’s trading ended with 15 gainers and 20 losers.

 

University Press Limited led the gainers after it appreciated by N0.12k to close at N1.40k,  followed by Regency Alliance Insurance Company with N0.04k gain to close at N0.53k and Veritas Kapital Assurance with N0.01k gain to close at N0.21k.

 

On the losing side, CWG came out last after it lost N0.20k to close at N1.87k, followed by Ikeja Hotel with N0.10k loss to close at N1.00k.  Nascon lost N1.30k to close at N13.50k.

 

Japaulgold recorded the highest volume of traded shares at 19.9 million followed by FBN Holdings at 12.22 million  and Transcorp at 11.84 million.

 

At the end of the day’s trading session,  a total of 156,905,684 shares worth N1.329 billion were traded in 3,273 deals.

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