Stock market rebounds with N19bn gain — Daily Nigerian

The Nigerian Alternate Ltd., NGX, rebounded on Tuesday, breaking a two-day bearish run with a market acquire of N19 billion.

The NGX market capitalisation rose by N19 billion or 0.03 per cent, ending at N65.704 trillion, up from N65.685 trillion on Monday.

Equally, the All-Share Index, ASI, added 30.40 factors or 0.03 per cent to shut at 104,560.02, in comparison with 104,529.62 beforehand.

Nevertheless, market breadth closed adverse, recording 29 decliners towards 25 advancers.

Northern Nigeria Flour Mills topped the losers’ chart, shedding 9.97 per cent to shut at N79.00 per share.

The Initiates Plc fell by 9.57 per cent, ending the day at N4.25 per share.

Caverton Offshore declined by 9.06 per cent, to shut buying and selling at N2.31 per share.

WAPIC Insurance coverage dropped by 8.85 per cent, ending at N2.06 per share.

Guinea Insurance coverage additionally misplaced 8.70 per cent, closing at 63k per share.

On the gainers’ chart, ABBEY Mortgage Financial institution rose by 9.94 per cent to shut at N7.41 per share.

Unilever Nigeria gained 9.65 per cent, with its share worth closing at N38.05.

Study Africa appreciated by 8.33 per cent to settle at N3.25 per share.

FG132026S1 elevated by 8.00 per cent, closing at N97.20 per share.

Safe Digital Know-how superior by 7.41 per cent, ending at 58k per share.

In complete, 368.76 million shares value N10.87 billion had been exchanged in 13,228 transactions.

This compares to 428.16 million shares value N10.518 billion traded throughout 14,583 offers beforehand.

Constancy Financial institution led the exercise chart with 47.431 million shares valued at N866.95 million.

Entry Company adopted with 28.048 million shares value N592.21 million traded.

Zenith Financial institution exchanged 23.120 million shares value N1.146 billion through the session.

UBA transacted 21.97 million shares valued at N690.49 million.

First Metropolis Monument Financial institution recorded 20.805 million shares traded, value N185.11 million.

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