Nigerian Stock Exchange Rebounds With 0.53% Gain

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The downward plunge of the Nigerian Stock Exchange was halted today as bearish sentiments from investors helped the market to a moderate rebound. The ASI moved up by 0.53% (147 points) to end the day at 27,743.92 points, while Market Capitalization for the market at the close of trading today was N9.53 Trillion.

A total of 2,408 deals were struck today, a reduction from 3,011 deals recorded yesterday, while the total volume of shares traded on the floor today were 207,819,277 and the total value of transactions recorded today was N2.7 Billion.

DANGCEM the gainers chart today adding N1.99 to close at N159.99 followed by GUARANTY and NB which added N0.99 and N0.98 close at N21.99 and N116.7 respectively; CAVERTON and IKEJAHOTEL added N0.22 and N0.16 to close at N2.59 and N3.39 respectively.

The losers chart was led by MOBIL who lost N6.94 to close with a share price of N132.05 followed by GUINNESS and JBERGER who lost N2 and N1.97 to close with share prices of N120 and N37.53 respectively; INTBREW and ETI lost N0.5 and N0.5 to close with share prices of N16 and N16 respectively.

Trade Club

The top five most actively traded shares by volume on the exchange today were DIAMONDBNK with shares valued at N164 Million, ZENITHBNK with shares valued at N453 Million, GUARANTY with shares valued at N537 Million, FBNH with shares valued at N51 Million and UBA with shares valued at N26 Million.

Market breadth closed negative as DANGCEM led 13 Gainers against 20 Losers led by MOBIL.

Year-To-Date currently stands at -19.95%.

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