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Nigerian Exchange Limited

Stock Market Rebounds from Decline, Gains N89 Billion

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Stock bull - Investors King

Investors gained N89 billion on Thursday as more stocks closed in the green amid positive financial statement reports from listed companies.

Activities rose across the Exchange on Thursday. Investors traded 558,889,156 shares worth N4.4 billion in 4,683 transactions during the trading hours of Thursday, in contrast to 284,601,047 shares worth N3.203 billion that were transacted in 5,036 deals on Wednesday.

Market value of listed equities appreciated by N89 billion to N21.898 trillion after closing flat on Tuesday and shedding N12 billion on Wednesday. Nigerian Exchange Limited (NGX) All-Share Index rose by 0.41 percent from 41,789.59 index points on Wednesday to  41,961.14 index points on Thursday.

University Press again led gainers with N0.18 or 10 percent to close at N1.98 a unit. This was followed by N0.80 or 10 percent gain recorded by Cadbury.

The battle for the control of FBN Holdings continue on Thursday as various interested parties acquired transacted 162,608,406 shares worth N1,872,995,970.90. See other details below.

Top Gainers

Symbols Last Close Current Change %Change
UPL N 1.80 N 1.98 0.18 10.00 %
CADBURY N 8.00 N 8.80 0.80 10.00 %
GUINNESS N 30.00 N 33.00 3.00 10.00 %
AIICO N 1.03 N 1.13 0.10 9.71 %
NB N 51.00 N 54.25 3.25 6.37 %

Top Losers

Symbols Last Close Current Change %Change
MANSARD N 2.49 N 2.34 -0.15 -6.02 %
JAPAULGOLD N 0.45 N 0.43 -0.02 -4.44 %
COURTVILLE N 0.46 N 0.44 -0.02 -4.35 %
MBENEFIT N 0.29 N 0.28 -0.01 -3.45 %
LASACO N 1.20 N 1.17 -0.03 -2.50 %

Top Trades

Symbols Volume Value
FBNH 162608406.00 1872995970.90
TRANSCORP 115685377.00 123899249.28
CILEASING 63441557.00 291824211.45
UBA 60027017.00 509397315.75
ACCESS 28970883.00 273322117.00

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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