Investors gain N516bn as NGXASI rebounds with 0.40% growth

Adebayo Obajemu

The Nigerian equity market on Tuesday bounced back from two session losses as the All Share Index grew by 0.40% to settle at 201,287.78 points from the previous close of 200,484.43 points

Investors gained 516 billion as The Market Capitalisation was up by 0.40% to close at N129.210 trillion from the previous close of N128.694 trillion.

An aggregate of 888 million units of shares were traded in 53,436 deals, valued at N35.6 billion.

The Market Breadth closed negative as 20 equities appreciated in their share prices against 50 equities that declined in their share prices.

Percentage Gainers

MULTIVERSE led the gainers with 9.88% growth to close at N16.35 from the previous close of N16.70.

International Energy Insurance, PZ and CADBURY among other gainers also grew their share prices by 9.49%, 4.59% and 4.02% respectively.

Percentage Losers

NPF Microfinance Bank led price decliners’ table as it shed 10.00% of its share price to close at N6.30 from the previous close of N7.00.

Sky Aviation and ZICHIS among other price decliners also shed their share prices by 9.97% and 9.96% respectively.

Volume Drivers

Wema Bank traded about 184 million units of its shares in 567 deals, valued at about N4,8 billion.

VFDGROUP traded about 103 million units of its shares in 270 deals, valued at about N1.2 billion.

Secure Electronic Technology traded about 59 million units of its shares in 607 deals, valued at N63.8 million.