Business
THE Nigerian equity market rebounded from its previous session’s loss on Thursday with N118 billion gain.
Investors’ interest in Guaranty Trust Holding Company (GTCO), Nigerian Breweries, Julius Berger, Oando Plc, among other advanced equities pulled the market performance up.
Notably, the market capitalisation which opened at N55.261 trillion, added 118 billion or 0.21 per cent to close at N55.379 trillion.
The All-Share Index also rose by 0.21 per cent or 204.23 points to close at 96,407.88, against 96,203.65 reported on Wednesday.
As a result, the Year-To-Date (YTD) return rose to 28.93 per cent.
Also, market breadth closed positive with 27 gainers and 23 losers on the floor of the Exchange.
On the gainers’ chart, Oando led by 9.98 per cent to close at N69.95, Julius Berger followed closely by 9.97 per cent to close at N172.60 per share.
Cornerstone Insurance gained 9.88 per cent to close at N2.78, Eterna Plc advanced by 9.86 per cent to close at N30.65, while Daar Communications went up by 9.84 per cent to close at 67k per share.
Conversely, SCOA Nigeria Plc led the losers’ chart by 9.79 per cent to close at N1.75, Japaul Gold trailed by 7.41 per cent to close at N2.50 per share.
Tantalizers also lost 6.79 per cent to close at 69k, Fidson Healthcare Plc dropped 5.45 per cent to close at N13 and Prestige shed 5.26 per cent to close at 54k per share.
Analysis of the market activities showed that trade turnover settled higher relative to the previous session, with the value of transactions increasing by 63.75 per cent.
A total of 966.97 million shares valued at N7.42 billion were exchanged in 9,851 deals, in contrast to 446.61 million shares valued at N4.53 billion traded in 10,148 deals posted in the previous session.
Meanwhile, Consolidated Hallmark Holdings led the activity chart in volume with 505.79 million shares worth N673.41 million, FBN Holdings followed with 64.09 million shares worth N1.41 billion to lead the chart in value.
Access Corporation traded 46.89 million shares valued at N890.33 million, Prestige sold 26.18 million shares worth N14.28, while Universal Insurance transacted 23.32 million shares valued at N8.49 million.(NAN)
A.I
Aug. 30, 2024
Tags: Guaranty Trust Holding Company (GTCO) Julius Berger Nigerian Breweries Oando
