The nation’s bourse rebounded on Wednesday with market capitalization gaining N154 billion or 0.55 percent to close at N28.175 trillion as against N28.021 trillion recorded on Tuesday.
Also, the All-Share Index (ASI) gained 283.27 points or 0.55 percent to settle at 51,729.87 as against N51,446.60 recorded on Tuesday.
The positive performance was driven by stocks of Zenith Bank, FBN Holdings, and Guaranty Trust Holding Company (GTCO).
As a result, the year-to-date (YTD) return declined to 0.93 percent.
Market breadth closed positive as 18 stocks advanced, while 15 others declined.
A breakdown of price movement showed that Thomas Wyatt Nigeria topped the gainers’ table with a gain of 9.48 percent to close at N1.27 per share.
Champion Breweries trailed with a gain of 9.45 percent to close at N4.75 while FTN COCOA Processors rose by 7.69 percent to close at 28k per share.
Mutual Benefits Assurance was up by 6.67 percent to close at 32k, while Courteville Business Solutions increased by 6.52 percent to close at 49k per share.
Conversely, Challerams Plc led the losers’ table, dropping by 9.89 percent to close at N1.64 per share.
Royal Exchange Assurance followed with a loss of 7.41 percent to close at N1, while WAPIC Assurance declined by 6.54 percent to close at 42k per share.
AXA Mansard decreased by 6.54 percent to close at N2, while RT Briscoe fell by 3.57 percent to close at 27k per share.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session with the value of transactions down by 0.55 percent.
A total of 281.94 million shares valued at ₦8.16 billion were exchanged in 3,679 deals.
