Nigerian stock market bounces back as investors record N917bn gain

The Nigerian banal marketplace on Tuesday bounced backmost from bearish territory arsenic investors recorded a monolithic N917 cardinal gain.

This comes arsenic information from Nigerian Exchange Limited showed that the marketplace capitalization on Tuesday rose by 0.57 percent, oregon N917 billion, expanding from N160.362 trillion to N161.279 trillion.

Similarly, the All-Share Index (ASI) gained 1,430.59 points, oregon 0.57 percent, rising from 250,204.83 to 251,635.42. As a result, the Year-to-Date (YtD) instrumentality strengthened to 61.71 percent.

However, successful spite of the affirmative performance, marketplace breadth closed antagonistic with 33 losers against 27 gainers.

On the gainers side, FTN Cocoa Processors Plc led with a summation of 10 percent to adjacent astatine N9.79 per share. Followed by Zichis Agro-Allied Industries Ltd. with an summation of 9.97 per cent to settee astatine N29.13, portion Skyway Aviation Handling Company Plc appreciated by 9.79 per cent to adjacent astatine N156.95 per share.

On the flipside, Unilever Nigeria Plc led the losers’ illustration with a diminution of 10 percent, closing astatine N153 per share. Unilever Nigeria PLC was trailed by Trans-Nationwide Express Plc and Sovereign Trust Insurance Plc, respectively.


Further investigation of the marketplace enactment revealed an wide diminution successful marketplace volume, value, and deals arsenic 703.95 cardinal shares worthy N32.15 cardinal were traded successful 64,539 tr...