Nigerian stocks rebound on increased interest in Ecobank shares

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The all-share index expanded 61.4 points to 46,904.5, while market capitalisation closed at N25.3 trillion.

Wema Bank led the gainers’ chart, appreciating by 200 per cent to close at N2.76, following adjustment of its share price after a share reconstruction exercise. Ikeja Hotel went up by 10 per cent to N1.32. Cornerstone Insurance rose to N0.66, notching up 10 per cent in the process. Eterna added 9.82 per cent to end trade at N5.48. Meyer completed the top 5, climbing by 9.09 per cent to N0.60.Cadbury was the worst performing stock, declining by 6.

67 per cent to close at N8.40. Japaul Gold shed 5.88 per cent to close at N0.32. PZ fell to N10.60, losing 5.36 per cent. Royal Exchange dipped to N1.08, recording 5.22 per cent depreciation. Multiverse closed at N0.23, going down by 4.17 per cent.ETI was the most active stock with 61.9 million units of its shares worth N742 million traded in 109 deals. Access Holdings shares of 29.5 million units, priced at N294.9 million, exchanged hands in 415 transactions.

 

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