Nigerian shares rebound on real inquire for financial companies shares


Nigerian shares were 0.26 per cent up on Wednesday, partly reversing the loss it reported on the previous procuring and selling session as financial companies shares largely bolstered positive aspects.

The enormous index constructed its upbeat efficiency on appreciation recorded by shares in FBN Holdings and NGXGroup, with extra support from a few bank equities.

An incredible market breadth used to be recorded as 21 gainers emerged towards 18 laggards. The comfort 73 participating shares saw no price hunch.

Rising by 105.04 capabilities, the all-portion index closed at 41,249.71, whereas market capitalisation climbed to N21.5 trillion.

365 days up to now, the index is up by 2.43 per cent.


NGXGroup led gainers, rising by 10 per cent to terminate at N21.45. GSK received 6.87 per cent to terminate at N7. NPF Microfinance Bank rose by 5.85 per cent to N1.81. WAPIC leapt to N0.50, notching up 4.17 per cent in the center of. FBN Holdings carried out the tip 5, mountain climbing up by 3.83 per cent to N12.20.


Role topped losers, declining by 8.51 per cent to terminate at N0.43. Academy shrank by 8.33 per cent to complete the day at N0.33. Consolidated Hallmark dropped to N0.55, losing 8.33 per cent. Cadbury dipped to N8, recording 5.88 per cent loss. Union Bank closed at N5, happening by 5.66 per cent.


In all, 499.5 million shares price N5.1 billion were traded in 5,998 deals.

FBN Holdings used to be the most most new inventory, procuring and selling 147.6 million shares price N1.8 billion in 859 deals. Etranzact traded 105.2 million objects estimated at N215.6 million in 9 transactions. Collect entry to had 27.9 million shares valued at N266 million traded in 288 deals. Transcorp traded 22.3 million shares estimated at N22.8 million in 153 transactions. GTCO traded 20.6 million shares valued at N612.9 million in 400 deals.

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