Nigeria’s local bourse rebounded on Wednesday as investors gained over N186 billion on market capitalization after two straight days of losses.
The All-Share Index (ASI), which measures the performance of quoted companies, inched up by 733.3 basis points, representing an increase of 1.9 percent, to close at 39,592.29 points higher than the 38,858.99 points recorded on Tuesday.
Similarly, the overall market capitalization appreciated by N186 billion to close at N20.627 trillion, showing a 1.9 percent increase compared to the N20.245 trillion from Tuesday’s trade.
Equities investors saw a total volume of 181, 962 million units of shares exchange hands in 2,512 deals.
The market sentiment, as measured by market breadth was positive as trading closed with 25 gainers and 14 losers.
Northern Nigeria Flour Mills Plc led the gainers’ chart with a price gain of N0.55k to close at N8.55k. FBN Holdings Plc followed with a price gain of N0.50k to close at N8.05, while Dangote Cement also gained N16.00 to close at N261.00.
On the flipside, Julius Berger led the losers’ chart, with a loss of N2.70k to close at N24.30k. AXA Mansard followed with a closing price of N2.43k after losing N0.27k, while VANLEER lost N0.60k to close at N5.45k.
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