Take a fresh look at your lifestyle.

Stock market rebounds, gains N184bn

20

Get real time updates directly on you device, subscribe now.

The stock market rebounded on Wednesday as market capitalisation gained N184 billion or 0.71 per cent to close N25.959 trillion compared with N25.775 trillion on Tuesday.

Also, the All-Share Index (ASI) rose by 337.07 points or 0.71 per cent to stand at 47,660.04 from 47,322.97 posted at the previous session.

The primary drivers of the recovery were gains in stocks of Zenith Bank, Guaranty Trust Holding Company and MTN Nigeria.

As a result, the year-to-date (YTD) return rose to 11.57 per cent.

Market breadth closed positive as 18 stocks were on the gainer’s table while four on the losers’ table.

Wema Bank led the gainers’ table with 10 per cent to close at N3.30 per share.

UAC of Nigeria followed with a gain of 9.95 per cent to close at N10.50, while Academy Press grew by 9.45 per cent to close at N1. 39 per share.

United Capital advanced by 8.10 per cent to close at N13.35 per share. ABC Transport gained by eight per cent to close at 27k per share.

Get real time updates directly on you device, subscribe now.

Comments are closed.

%d bloggers like this: