Business and Economy

Nigerian stock market rebounds with 0.12% gain on Wednesday

Nigerian stock market All Share Index gained 0.12% on Wednesday to close at 64,267.36 points. As a result, the year-to-date (YTD) return increased to 25.40%, with market capitalization increasing by $40.90 billion to close at $34.9 trillion.

Investor interest in FBNH (+1.12%), WAPCO (+4.32%), and NB (+2.70%) offset losses in BUAFOODS (-2.03%), ACCESSCORP (-0.30%), and UBA (-2.15%), allowing the market to remain positive. On the leader’s table, NASCON (+10.00%) led twenty-three (23) others, while UPL (-9.78%) led thirteen (13) others on the laggard’s log

Trade turnover was lower than it was on Tuesday with the value of transactions falling by 44.62%. In 6,251 transactions, 330.78 million shares worth N4.27 billion were swapped. TRANSCORP (+3.14%) dominated the volume chart with 58.83 million units exchanged, while FBNH (+1.12%) headed the value chart with 502.76 million in transactions.


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