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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