News Formal

Stock market rebounds with N50bn gain

  • 📰 MobilePunch
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

The Nigerian equity market closed in the green on Thursday as investors began to take position on the undervalued stocks. The Nigerian Stock Exchange All-Share Index grew by 0.

38 per cent as market breadth closed on a positive note with 22 gainers against 12 losers.

The market capitalisation of equities appreciated by N50bn or 0.38 per cent to close at N13.31tn from N13.26tn as market sentiment returned to the green zone. Premium sub-sector was the most active , with 74.39 million shares exchanged by investors in 1,190 deals. Banking sub-sector boosted by activities in the shares of Fidelity Bank Plc and Wema Bank Plc followed with a turnover of 72.26 million shares in 706 deals.Eterna Oil Plc led the gainers’ table with a gain of 9.69 per cent to close at N2.49 per share while C&I Leasing Plc followed with a gain of 8.45 per cent to close at N3.85 per share. Wema Bank Plc added 7.84 per cent to close at 55 kobo per share.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market falls further, investors lose N38bn
Source: MobilePunch - 🏆 8. / 63 Read more »

Stock market falls further, investors lose N38bn
Source: MobilePunch - 🏆 8. / 63 Read more »