Stocks in the Nigeria Exchange Market recorded a rebound on Thursday, 24 hours after a bearish trend, as investors raked in N53 billion.
The market capitalisation increased by ₦53 billion, or 0.09 percent, rising from ₦62.257 trillion at the opening to ₦62.310 trillion at the close.
Similarly, the All-Share Index (ASI) advanced by 0.09 percent, gaining 87.11 points to close at 102,183.06, compared to 102,095.95 reported on Wednesday.
This performance brought the Year-To-Date (YTD) return to 0.72 percent.
However, in spite of the gains, the market breadth closed negative, with 35 gainers against 26 losers.
On the losers’ table, livestock feeds led by 60k to close at N5.40; Eunisell trailed by N1.73 to close at N15.63 per share.
Neimeth International Pharmaceutical and Regal Insurance lost 7k each to close at ₦3.12 and 68k per share, respectively, while Honeywell Flour shed 94k to close at ₦9.21 per share.
Conversely, North Nigerian Flour Mill led the gainers table by ₦4.95 to close at ₦54.45, and Dangote Sugar followed by ₦3.65 to close at ₦40.50 per share.
John Holt gained 83k to close at ₦9.30, The Initiate Plc added 25k to close at ₦2.80, and Omatek went up by 8k to close at 90k per share.
Trade turnover settled higher relative to the previous session, with the value of transactions up by 76.82 percent.
A total of 472.16 million shares valued at ₦16.70 billion were exchanged in 12,336 deals, compared with 435.54 million shares valued at ₦9.44 billion traded in 12,098 deals, posted in the previous session.
Meanwhile, Guarantee Trust Holding Company, GTCO, led the activity chart in volume and value with 65.05 million shares worth ₦3.77 billion.
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