Equities ASI rebounds with 0.03 percent gain
Nigeria’s equities market saw an uptick at the end of second trading day of the week as the All-Share Index, ASI appreciated by 0.03 percent.
Tuesday’s session closed with the market capitalisation of listed equities inching up by N10 billion, representing a 0.03 percent increase to close at N29,909 trillion higher than N29,899 trillion recorded on Monday.
Consequently, the NGX All-Share Index, ASI appreciated by 18.64 basis points representing a 0.03 % gain to close at 54,904.68 points compared to the b54, 886.04 points of the previous day.
Trading activities also ended flat with 12 gainers and 12 losers.
Among the 12 stocks on the gainers chart, Linkage Assurance Plc, WAPIC and CHAMPION BREWERIES recorded 9.76 percent, 7.89 percent and 4.26 percent increase on their respective share prices to close at N0.45k, N0.41k and N4.90k.
IKEJA Hotel led the decliners list for the second day with a 9.65 percent loss on its share price to close at N1.03k.
Also Cadbury Nigeria Plc and UPL shares dropped by 5.83 percent and 4.76 percent on their respective prices to close at N11.30k and N2.00.
A total of 127.74 million units of shares exchanged hands in 2,987 deals at the close of business on Tuesday.