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Sunday, November 17, 2024

NIGERIA STOCK EXCHANGE REBOUND

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On Thursday, the Nigerian Stock Exchange experienced a rebound, with the market gaining ₦178 billion due to strong performances from Tier-one banks and other significant stocks.

Market Summary:

  • Market Capitalisation: Opened at ₦55.576 trillion and closed at ₦55.754 trillion, reflecting a gain of ₦178 billion or 0.32%.
  • All-Share Index: Increased by 310 points or 0.32%, ending at 97,025.17 points, up from 96,715.04 points on Wednesday.
  • Year-To-Date (YTD) Return: Rose to 29.76%.

Market Breadth:

  • Gainers: 27
  • Losers: 22

Top Gainers:

  • FBN Holdings: Up 10% to ₦26.40
  • Caverton: Up 10% to ₦2.31
  • Flour Mills: Up 9.99% to ₦49.55
  • RT Briscoe: Up 9.93% to ₦3.32
  • Nestle: Up 9.88% to ₦890

Top Losers:

  • Daar Communications: Down 8.86% to 72k
  • Eterna Plc: Down 8.14% to ₦32.15
  • Universal Insurance: Down 7.69% to 36k
  • Sovereign Trust Insurance: Down 5.97% to 63k
  • International Breweries: Down 5.32% to ₦4.45

Trading Activity:

  • Trade Turnover: Decreased by 9.44% compared to the previous session.
  • Volume Traded: 390.55 million shares
  • Value Traded: ₦7.97 billion
  • Number of Deals: 9,615

Access Corporation led both in volume and value, with 80.05 million shares traded, worth ₦1.48 billion.

The market saw a notable increase due to renewed investor interest in key equities, contributing to the overall positive performance of the Exchange

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