Stock market index rebounds with 0.17%

Chiamaka Okechukwu

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Midweek trades on equities at the Nigerian Exchange Group Limited, NGX ended positive as key index appreciated by 0.17 percent.

The market had on Tuesday closed negative following losses on 29 stocks.

READ ALSO: NGX market cap sheds N64b

But investors saw the All-Share Index of listed equities at the end of Wednesday’s trading session inche up by 115.62 basis points, representing a 0.17 percent increase to close at 67,100.49 higher than the 66, 984.87 points of the previous day.

Similarly, the market capitalisation appreciated up by N63 billion to close at N36.864 trillion compared to Tuesday’s N36.801 trillion.

The day’s trading session saw a total of 410.32 million shares exchange hands in 5,637 deals which got the market closing with 18 gainers and 17 losers.

THOMASWY led the gainers list with a 9.81% profit on its share price to close at N2.35k followed by DAARCOMM with 9.52% gain to close N0.23k per share; then CORNERST made a 6.45% profit on its share price with a closing price of N1.65k.

On the flipside, OMATEK led the losers chart with an 8.33% loss on its share price to close at N0.44k followed by OANDO with a closing price of N9.10k after recording an 8.08% drop on its share price while AFRIPRUD recorded an 7.80% on its share price to close at N6.50k.

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