Nigerian stock market bounces back, investors record massive N3.24tn gains

The equities marketplace bounced backmost from its bearish inclination on Friday, ending the week connected a bullish enactment arsenic investors raked successful N3.24 trillion successful gains. 

Accordingly, the All-Share Index (ASI) precocious by 5,041.22 points, oregon 2.10 percent, to settee astatine 244,775.83, up from 239,734.61 posted successful the erstwhile trading session.

Consequently, the year-to-date instrumentality roseate to 57.30 percent, portion marketplace breadth closed affirmative arsenic well, signaling 45 gainers against 31 losers.

On the gainers chart, Dangote Cement, Cadbury, Mecure, Neimeth, and Livingtrust Mortgage led by 10 percent each, settling astatine N1,088, N72.60, N72.60, N9.90, and N3.52 per share, respectively.

On the flip side, UACN and Industrial and Medical Gases led the losers’ illustration by 10 percent each, finishing astatine N171 and N42.30 per share, respectively.

In the aforesaid vein, Eterna fell by 9.93 percent, closing astatine N33.55; Learn Africa dipped by 9.89 percent, ending the league astatine N8.20; and Deap Capital Management shed 9.69 percent, settling astatine N5.50 per share.

Further investigation showed that marketplace enactment declined for the day, arsenic full measurement traded fell by 36.89 percent to 1.16 cardinal shares valued astatine N59.80 cardinal successful 72,733 deals.

Access Corporation emerged arsenic the astir traded banal by volume, with 104.43 cardinal shares exchanged, accounting for 9.04 percent of the day’s full volum...