Finance
MRS, Dangote Cement, Unity Bank Lead Gainers as Stock Market Rebounds
The Nigerian equity market rebounded on Thursday on the back of renewed interest in a few stocks following weeks of a bearish trend and economic uncertainty.
The Nigerian equity market rebounded on Thursday on the back of renewed interest in a few stocks following weeks of a bearish trend and economic uncertainty.
Activity on the Nigerian Exchange Limited (NGX) surged as investors transacted 405,004,749 shares worth N3.096 billion in 3,188 transactions.
Sterling bank was the most traded equity with 171,154,541 shares valued at N231,068,233. Followed by Access Bank with 78,765,207 shares estimated at N634062309.40.
Analysing the sector, the banking sector grew by 1 basis point on an 8.33% increase in the value of Unity Bank and a 1.25% appreciation in Fidelity Bank. The oil and gas sector appreciated by 12 basis points on a 9.83% gain in the value of MRS oil.
Similarly, Dangote Cement bolstered the industrial index by 351 basis points. While the consumer goods index lost 66 basis points.
The NGX All-Share Index appreciated by 1.07% to 43,942.82 index points. While the market value of all listed equities grew to N23.934 trillion.
The Exchange year-to-date gain extended to 2.87% as a total of 15 stocks gained points, against 16 stocks that lost points. See the details of the top gainers and losers below.
Top Five Gainers
| Symbols | Last Close | Current | Change | %Change |
|---|---|---|---|---|
| MRS | N 11.70 | N 12.85 | 1.15 | 9.83 % |
| COURTVILLE | N 0.46 | N 0.50 | 0.04 | 8.70 % |
| UNITYBNK | N 0.48 | N 0.52 | 0.04 | 8.33 % |
| DANGCEM | N 221.30 | N 238.50 | 17.20 | 7.77 % |
| MBENEFIT | N 0.27 | N 0.28 | 0.01 | 3.70 % |
Top Five Losers
| Symbols | Last Close | Current | Change | %Change |
|---|---|---|---|---|
| JBERGER | N 23.45 | N 21.15 | -2.30 | -9.81 % |
| CADBURY | N 11.35 | N 10.25 | -1.10 | -9.69 % |
| PRESTIGE | N 0.42 | N 0.38 | -0.04 | -9.52 % |
| MULTIVERSE | N 4.25 | N 3.85 | -0.40 | -9.41 % |
| WAPIC | N 0.35 | N 0.33 | -0.02 | -5.71 % |
Top Trades
| Symbols | Volume | Value |
|---|---|---|
| STERLNBANK | 171154541.00 | 231068233.25 |
| ACCESSCORP | 78765207.00 | 634062309.40 |
| TRANSCORP | 36763788.00 | 38611407.21 |
| GTCO | 23877561.00 | 420269182.90 |
| ZENITHBANK | 17169673.00 | 343119607.65 |