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Trading rebounds on NGX, indices grow by 0.47%



Crucial indicators of the performance of the nation’s bourse closed Friday positive with 0.47 per cent growth following renewed investor interest.

Specifically, the All-Share Index, which opened at 41,685.22 inched higher by 199.75 points or 0.47 per cent to close at 41,882.97.

Also, the market capitalisation increased by N103 billion or 0.47 per cent to close at N21.854 trillion from N21.751 trillion achieved on Thursday.

A breakdown of the price movement chart shows that Meyer Paint led the gainers’ table during the day, gaining 10 per cent to close at 33k per share.

Sovereign Trust Insurance followed with 9.09 per cent to close at 24k, while UPDC REIT gained 8.64 per cent to close N4.40 per share.

Guinness added 6.85 per cent to close at N39, while Champion Breweries added 6.27 per cent to close at N2.71 per share.

Conversely, Unity Bank topped the losers’ chart in percentage terms, dropping by 6.52 per cent to close at 43k per share.

Jaiz Bank followed with a drop of 5.97 per cent to close at 63k, while Custodian Investment dipped by 5.33 per cent to N7.10 per share.

Courtvellle Business Solutions declined by 5.13 per cent to close at 37k, while Chams dropped by 4.76 per cent to close at 20k per share.

An analysis of the activity chart shows that C&I Leasing was the toast of investors, exchanging 164.41 million shares valued at N673.49 million.

Access Bank followed with account of 55.85 million shares cost N510.96 million, while FBN Holdings traded 35.35 million shares valued at N415.07 million.

FCMB Group accounted for 36.29 million shares valued at N105.54 million, while Unity Bank traded 29.96 million shares cost N12.79 million.

In all, investors traded 444.94 million shares valued at N3.42 billion traded in 3,594 deals.

This was against 473.47 million worth N5.18 billion traded in 3,874 deals on Thursday.

Chinyere Joel-nwokeoma

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