Equities Market Rebounds by 1.47%

By Toyin Ajadi, Lagos

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Mid-week trading on the Nigerian Equities market closed in the positive territory after two consecutive days of losses as the benchmark index inched up by 1.47%.

The all-share index gained 1.47% to close at 50,075 .47 points as against 49,350.71 points on Tuesday while the market capitalisation appreciated by N391 billion to close at N27,009 trillion.

At the end of the day’s trading, investors traded 279.22 million shares worth N2.08 billion in 3,576 deals.

The market sentiment for the day also closed positive as the market recorded 20 gainers relative to 10 losers.

Dangote Cement led the gainers’ list as it appreciated by N24.00 to close at N265.00. It was followed by NEM Insurance company which gained N0.37k to close at N4.11k and Ellah Lakes gained N0.37k to close at N4.30k.

Conversely, Lafarge Wapco lost N2.25k to close at N23.20k while Nigerian Aviation Handling Company lost N0.50 to close at N5.30k and Honeywell Glout Mill lost N0.18k to close at N2.63k.

Jaiz Bank recorded the highest volume of 115 million traded shares and was followed by FBN Holdings with 40 million shares.



Mercy Chukwudiebere






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