Investors gain N10bn as market rebounds

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The bearish run of the Nigerian Exchange Limited was halted on Tuesday as the market rebounded with N10bn gain for investors.

Leading the gainers’ table were Linkage Assurance, Wapic and Champion, which gained 9.76 per cent, 7.89 per cent and 4.26 per cent to close at N0.45, N0.41 and N4.90 respectively.

Atop the losers’ table was Ikeja Hotel with a 9.65 percentage loss to close trading at N1.03. Cadbury followed with a 5.83 per cent loss in its share value to close at N11.30 and UPL suffered a 4.76 per cent loss in its share price to close trading at N2.00. On the Most Traded table of the NGX, the shares of Zenith Bank led with 11,964,640 shares worth N298.835m exchanged in 255 deals. This was followed by another financial organisation, GTCO, which had 10,472,370 million of its shares worth N 258.239m traded in 252.

MTN Nigeria was the third most traded stock on Tuesday with 421,619 of its shares valued at N98.138m.All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.

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