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Bulls rebound as gains in 18 stocks lift indices by N69 billion

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The Nigerian Exchange Limited (NGX) yesterday, bounced back as a result of gains in Geregu and 17 stocks, as market capitalisation appreciated by N69 billion. Besides, Geregu Power Plc has notified the Exchange and the investing public of the purchase of five per cent of its shares by the Fund for Export Development in Africa (FEDA).

The Nigerian Exchange Limited yesterday, bounced back as a result of gains in Geregu and 17 stocks, as market capitalisation appreciated by N69 billion.The Nigerian Exchange Limited yesterday, bounced back as a result of gains in Geregu and 17 stocks, as market capitalisation appreciated by N69 billion.

At the close of trading yesterday, the All Share Index rose by 126.22 absolute points, representing a gain of 0.23 per cent to close at 54,315.53 points. Accordingly, investors gained N69 billion in value as market capitalisation rose to N29.589 trillion. University Press went up by 5.26 per cent to close at N2.00, while Veritas Kapital Assurance appreciated by 5.00 per cent to close at 21 kobo, per share. Transnational Corporation increased by 4.20 per cent to close at N1.24 kobo.

Chams shed 3.70 per cent to close at 26 kobo. Honeywell Flourmills depreciated by 3.20 per cent to close at 2.12 kobo.

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