The equity market indicators rebounded by 0.23 percent due to price appreciation in some medium and large capitalized stocks on Thursday.
Specifically, the Nigerian Exchange Ltd. (NGX) market capitalization increased by N215 billion, or 0.32 percent, to N66.868 trillion from N66.653 trillion opened on Wednesday.
The All-Share Index also rose by 0.32 percent, or 344 points, to close at 106,780.72 when compared to 106,436.48 posted at the previous session.
The uptrend was driven by price appreciation in stocks such as Transnational Corporation, Guiness, and Dangote Sugar, among others.
The market breadth closed positive with 36 gainers and 15 losers.
On the gainers’ chart, Transnational Corporation led by 9.98 percent to close at N51.80 per share.
SCOA Nigeria followed with an increase of 9.88 percent to close at N3.78 per share.
Africa Prudential soared by 9.87 per cent to close at N30.60, while Tantalizer gained by 9.52 percent to close at N2.37 per share.
Also, Caverton Offshore Support Group advanced by 9.09 percent to close at 36k per share.
Sunu Assurance, MRS Nigeria Ltd., and Red Star Express led the losers’ table by 10 per each to close at N4.77, N166.50, and N5.94 per share, respectively.
Meanwhile, Lasaco Assurance lost by 7.99 percent to close at N2.65, while UPDC Real Estate Investment Trust declined by 6.76 percent to close at N2.62 per share.
A total of 375.73 million shares worth N10.185 billion were exchanged across 11,447 transactions, compared to 389.57 million shares worth 11.309 billion that were exchanged across 11,423 transactions earlier recorded.
Transactions in the shares of Guaranty Trust Holding Company topped the activity chart with 49.9 million shares valued at N2.91 billion.
Followed by Access Corporation with N43.8 million shares worth N1.03 billion, while Zenith Bank transacted 36.5 million shares valued at N1.72 billion.
Fidelity Bank sold 2.71 million shares worth N469 million shares, and United Bank for Africa transacted 1.94 million shares valued at N705 million. (NAN)
