The Nigerian equities market reversed the previous day’s loss as its All-Share Index (ASI) rebounded by 0.41 per cent to close at 41,961.14 basis points amid bargain hunting activity.
Consequently, equities investors at the Nigerian Exchange Limited (NGX) earned N91 billion as the market capitalisation settled at N 21.898 trillion against an opening of N21.809 trillion.
The performance at the local bourse on Wednesday was supported by investors’ interests in MTN Nigeria and Nigerian Breweries as their respective shares added 0.9 per cent and 6.4 per cent.
Consequently, Month-to-Date and Year-to-Date gains increased to +4.3 per cent and +4.2 per cent, respectively.
Also, the Exchange printed 21 gainers as against 13 losers amid largely positive 9-months earnings reported so far.
On the performance chart, Cadbury and Guinness recorded the most significant gains of the day having appreciated in shares value by ten per cent respectively, while Mansard Insurance and Courtville topped the losers’ list after their respective share value dipped by 6.0 per cent and 4.4 per cent.
The bullish trend was largely sustained across sub-sectors tracked, except for the NSE Insurance index which closed lower by -0.21 per cent. The NSE Banking, NSE Consumer Goods, NSE Oil/Gas and the NSE Industrial indexes increased by 0.67 per cent, 1.47 per cent, 0.19 per cent and 0.10 per cent respectively.
Elsewhere, market transactions improved as the volume and value of stocks increased by 96.38 per cent and 37.50 per cent to 0.56 billion units and N4.40 billion respectively.
FBN Holdings remained investors’ sweetheart as it was the most traded stock by volume and value at 162.61 million and N1.87 billion, respectively.
YOU SHOULD NOT MISS THESE HEADLINES FROM NIGERIAN TRIBUNE
Viral Voice Note On WhatsApp Billing False
Claim: A viral WhatsApp voice note, purportedly made by the director and CEO of WhatsApp, claims users will have to start paying for WhatsApp services.
Verdict: The viral WhatsApp voice note claim is a hoax. The content is not new and has been circulated as a broadcast message several times in the past.Local stock market rebounds as investors earn N91bn
Local stock market rebounds as investors earn N91bn
The Director General of the National Agency for Food and Drug Administration and Control (NAFDAC),…
As part of its efforts to drive digital inclusion and reaffirm its long-term commitment, Airtel…
The Kano State Governor, Abba Kabir Yusuf, has granted automatic foreign scholarships to the nine…
Anambra and Lagos States have topped the list of states involved in UTME malpractice 2025,…
The Brigade Commander of the 31 Artillery Brigade, Nigerian Army, Minna, Brigadier General M. U.…
Travellers from Keffi to Port Harcourt have been assured of a seamless journey by June…
This website uses cookies.