NGX Equities Market rebounds with N36 billion gain     

Toyin Ajadi

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After three consecutive days of losses on the equities market of the Nigerian Exchange (NGX), trading ended in the positive territory on Thursday as the market capitalization appreciated by N36 billion to close the day at N20,451 trillion.

 

In the same vein, the All-Share Index rose by 0.17% to close at 39,252.19 points, being 68.01 points higher than Wednesday’s 39,184.18 points.

 

The market sentiment, however, remained negative on Thursday as the market recorded 16 gainers as against 18 losers.
Investors traded a total of 262.13 million shares worth N1.99 billion in 3,955 deals.
Chams led the gainers with N0.01k gain to close at N0.22k, followed by Prestige Assurance Company with share price appreciation of N0.02k to close at N0.48k and Wema Bank with a gain of N0.03k and a closing price of N0.85k.

 

On the other hand, Unity Bank led the losers’ chart with a loss of N0.05k to close at N0.53k.

 

 

It was followed by Oando, which lost N0.31k to close at N4.10k and Union Bank Nigeria, which lost N0.35k to close at N5.00.

 

Access Bank dominated trading on Thursday as it recorded the highest volume of 51.1 million traded shares and it was followed by Transnational Corporation of Nigeria with 36.1 million shares.

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