Stock market rebounds as investors gain N261bn

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After two days of sustaining losses worth N963bn, the Nigerian Exchange Limited rebounded with a N261bn gain for investors.

The gainers’ table was led by Oando, Caverton and Ikeja Hotel with 9.84 per cent, 8.08 per cent and 7.77 per cent increases in their share value to close trading at N4.91, N1.07 and N1.11 respectively.

On the losers’ table, May&Baker led with 8.70 per cent depreciation in its share value to close at N4.20. Consolidated Hallmark Insurance Plc followed with a percentage loss of 8.06 to end the day priced at N0.57 and RT Briscoe, whose share lost 7.69 per cent and closed the market at N0.24. On the Most Traded tab, Zenith Bank led with 27.086 million of its shares valued at N696.20bn traded in 610 deals. Zenith Bank released its 2022 financial report on Tuesday and reported that it grew its gross earnings by 24 per cent from N765.6n as of the end of the 2021 financial period to N945.5bn in the corresponding period of 2022.

GTCO was the second most traded stock with 22.071 million shares worth N551.45m exchanged in 365 trades. Transcorp Plc followed with 91.391 million shares worth N134.23m, traded in 264 deals.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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So many media reporters will never report this, but will be quick to report fire outbreak at Onitsha Market, auto crash at the Ibadan express way and abduction in Kaduna highway .. Hippo

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