Business and Economy

Nigeria stock market rebounds 0.10% on Wednesday to close at 99,908.89 basis points

The Nigeria stock market had a 0.10% rebound today as the All Share index closed higher at 99,908.89. While some stocks like GTCO, UBA, and INTBREW experienced a selloff, others like FBNH, ACCESSCORP, and TRANSCORP saw buying interest. This resulted in a year-to-date return of 33.61% and a market capitalization gain of ₦57.00bn, bringing the total to ₦56.50trn.

Trade turnover, however, saw a decrease compared to Tuesday’s session, with the value of transactions down by 30.56%. A total of 322.66m shares valued at ₦5.82bn were exchanged in 9,074 deals. UBA led the volume chart with 55.01m units traded, while ZENITHBANK led the value charts with deals worth ₦1.69bn. LIVESTOCK topped the laggard’s table, while IKEJAHOTEL led the leaders’ log.

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