NSE indices rebound by 0.65% after three days of consecutive loss
After three days consecutive loss, transactions rebounded on the Nigerian Stock Exchange (NSE) on Thursday following gains posted by Dangote Cement.
Consequently, crucial market indices rebounded by 0.65 per cent with the market capitalisation rising by ₦88 billion to close at ₦13.672 trillion against ₦13.584 trillion on Wednesday.
Also, the NSE All-Share Index inched 244.15 points or 0.65 per cent to close at 37,743.22 compared with 37,499.07 achieved on Wednesday.
An analysis of the price movement chart shows that Dangote Cement topped the gainers’ table with ₦5 to close at ₦228 per share.
Nigerian Breweries followed with a gain of ₦2 to close at ₦113, while Cement Company of Northern Nigeria appreciated by ₦1.10 to close at ₦24.30 per share.
Julius Berger grew by 90k to close at ₦28.95, while Dangote Sugar increased by 65k to close at ₦19 per share.
On the other hand, Mobil Oil recorded the highest loss for the day, dropping by ₦15 to close at ₦175 per share.
Flour Mills came second with ₦1.75 to close at ₦31, while International Breweries was down by ₦1.35 to close at ₦41 per share.
UACN declined by 35k to close at ₦13.55, while NEM Insurance lost 30k to close at ₦3.10 per share.
United Bank for Africa was the toast of investors, exchanging 294.922 million shares worth ₦3.052 billion.
However, the volume of shares traded dropped marginal with an exchange of 503.12 million shares valued at ₦5.89 billion achieved in 3,710 deals.
This was lower when compared with a turnover of 505.74 million shares worth ₦3.13 billion transacted in 3,354 deals on Wednesday.
Banking stocks dominated trading activities with Zenith International Bank emerging toast of investors, accounting for 38.30 million shares valued at ₦930.66 million.
Access Bank traded 34.40 million shares worth ₦356.08 million, while Guaranty Trust Bank traded 13.68 million shares valued at ₦546.10 million.
FBN Holdings sold 11.76 million shares worth ₦123.49 million.
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