After Monday’s decline, the Nigeria stock market rebounded on Tuesday with a 0.09 percent upsurge, following the price appreciation in Buacement and 9 others.
As a result, the All-Share Index increased by 36.60bps, representing a growth of 0.09 percent to close at 42,013.39.
While the Market Capitalization gained ₦19.11Bn, representing an upsurge of 0.09 percent to close at ₦21.93 trillion.
→ However, the market activities were mixed, as the Total Volume traded declined by 15.65 percent, while the Total Value rose by 1.06 percent.
A total of 318.97 million units valued at ₦3.28 billion were transacted in 5,492 Deals.
UBA topped the traded stocks in terms of volume, accounting for 16.48 percent of the total volume of trades, followed by FBNH (9.56%), ZENITHABNK (9.37%), CHAMS (4.85%), and TRANSCORP (4.41%) to complete the top five on the volume chart.
While, ZENITHBANK maintained the spot as the most traded stock in value terms, with 22.81 percent of the total value of trades on the exchange.
→ On the profitability table, INTBREW led in the gainers’ chart as its share prices appreciated by 9.62 percent, trailed CHAMS (4.35%), OANDO (4.09%), BUACEMENT (3.47%), DANGSUGAR (0.91%) and 5 others.
Conversely, 31 stocks depreciated in price led by UACN with price decline of 9.73 percent to close at ₦10.2, as FBNH (-6.98%), WEMABANK (-4.71%), ETI (-3.53%), WAPCO (-2.55%), FIDELITYBK (-2.20%), ACCESS (-1.83%), FLOURMILL (-0.85%), ZENITHBANK (-0.60%), UBA (-0.58%), GTCO (-0.35%) and STANBIC (-0.13%), also depreciated in price.
In conclusion, the market breadth closed largely negative, recording 10 gainers and 31 losers.