Home Markets Market rebounds, investors gain N242bn

Market rebounds, investors gain N242bn


The Nigerian bourse on Tuesday closed significantly positive from the previous trading session as market capitalisation appreciated by N242 billion to close at N12.089 trillion from the previous close of N11.847 trillion; an increase of 2.04 percent.

The All Share Index (ASI) grew 2.08 percent, settling at 33,114.44 points as against 32,440.27 points of Monday, thereby gaining 674.170 points.

The volume of traded stocks advanced by 17.00 percent closing at 222.9 million units; while value of traded stocks declined by 0.70 percent to settle at N3.2 billion in 3,327 deals.

Trading statistics showed that the market breadth for the day closed positive as 26 stocks gained against 20 that lost.

As a result, Law Union Insurance Plc led other percentage gainers closing 10.00 percent, above the previous close of N0.60 to settle at N0.66 per share.

Neimeth grew 9.68 percent and First Aluminium grew 8.11 percent ahead of other stocks that made it to the green table.

In other hand, Livestock Feeds plc tops the losers’ chart for the day, losing 8.77 percent of its share price.

This was followed by Japaul Oil, Union Diagnostic and Regency Alliance, all shedding 8.33 percent, 7.89 percent and 7.69 percent respectively.

At the close of trading for the day, Zenith Bank recorded the highest traded volume of about 43million units, valued at about N923 million in 402 deals. International Breweries traded about 36 million units of its shares, worth about N1.1 billion for the day.