Equities trading at the Nigerian Exchange Limited (NGX), on Wednesday, was positive as investors interest in high capitalised stocks rebound the market from the previous day’s loss.
Gains recorded in the share value of Meyer, FCMB, Dangote Sugar, Guaranty Trust Holding Company, among others buoyed the overall sentiments at the local bourse.
Consequently, the benchmark index appreciated by 0.09 per cent to close at 42,357.35 basis points, just as investors earned N21 billion with the equities market capitalization of the bourse settling at N21.1 trillion.
Market breadth was also positive as the Exchange printed a higher number of gainers than losers with 19 against 13.
On the performance board, by value, Meyer led the gainers as it appreciated by 7.69 per cent, followed by FCMB with 3.45 per cent increase, Dangote Sugar notched 2.82 per cent, while GTCO added 2.40 per cent.
Conversely, eTranzact, Unity Bank, Transcorp and UACN topped the decliners chart.
However, performance across sub-indices tracked were largely negative except for the NGX Insurance Index and the NGX Consumer Goods index which rose by 0.08 per and cent and 0.22 per cent respectively.
The NGX Banking index, NGX Oil/Gas Index and the NGX Industrial index, decreased by 0.20 per cent, 0.05 per cent and 0.11 per cent respectively.
Meanwhile, market activity was a mixed bag as the volume of stocks traded today decreased by 16.26 per cent to N226.18 million while the value of stocks traded increased by 14.50 per cent to N2.63 billion.
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Stock market rebounds by 0.1 per cent amidst mixed activities
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