Lagos – The equities segment of the Nigeria Stock Exchange rebounded yesterday when market indicators, as mirrored by the All –Share Index and market capitalisation rose by 0.49 per cent each, driven by an appreciable gain by some stocks, including Nestle Nigeria Plc, among others.
Hence, the All-Share Index rose appreciably by 124.7 points or 0.49 percent to close at 25,331.77 points from 25,207.07 points it closed on the previous trading day, while market capitalisation added N43.1 billion to close at N8.765 trillion from N8.722 trillion it closed on Tuesday.
Nestle Nigeria led the gainers’ table for the day when it added N21.93 to close at N750.00 per share, it was followed by PZ Cusson, which gained 64 kobo to close at N14.64 per share, Guaranty Trust Bank appreciated by 33 kobo to close at N24.83 per share; FBN Holdings grabbed 26 kobo to close at N3.62 per share, while Stanbic Bank recorded 11 kobo to close at N19.01 per share, among others.
Conversely, Okomu Palm Oil, led losers’ table when its share price depreciated by 263 kobo to close at N49.88 per share, followed by UAC of Nigeria which slipped by 19 kobo to close at N14.6 per share, Cadbury Nigeria dropped 16 kobo to close at N9.3 per share, United Capital Properties lost 10 kobo to close at N2.8 per share, while Honey Flour Mill also depreciated by 10 kobo to close at N0.98 per share, among others.
Law Union topped the table as the most traded equity on Wednesday when it exchanged 90 million shares worth N99.00 million. It was followed by Diamond Bank having accounted for 57.046 million shares valued at N48.312 million, Zenith Bank traded 33.580 million shares valued at N487.384 million; Transnational Incorporated sold 28.384 million shares valued at N25.267 million while FBN Holdings exchanged 21.933 million shares worth N79.024 million.
Investors on Wednesday traded a total of 322.296 million shares valued at N1.523 billion in 2,907 deals compared with 254.959 million shares worth N2.449billion in 2,854 deals recorded on Tuesday.