The Nigerian stock exchange rebounded on Friday after 7 successive sessions of losses, including N209 billion to financiers’ wealth as market capitalisation increased by 0.13 percent.
Market capitalisation increased to N161.260 trillion from N161.051 trillion in the previous session, representing a gain of N209 billion.
The All-Share Index increased by 321.05 points, or 0.13 per cent, to close at 248,363.55, compared with 248,042.50 taped formerly.
The market’s year-to-date return enhanced to 59.60 per cent, showing its general efficiency because the start of the year.
In spite of the healing, market breadth stayed unfavorable, with 31 stocks tape-recording losses versus 22 gainers.
Red Star Express led the gainers, valuing by 9.76 percent to close at N13.40 per share.
Fidelity Bank followed with an 8.70 percent gain, closing at N21, while Daar Communications increased by 8 percent to N1.38 per share.
WAPIC got 7.26 percent to settle at N2.30, while Omatek valued by 6.94 percent to close at N1.34 per share.
On the losers’ chart, Regency Alliance Insurance led with a 10 percent decrease, closing at 77 kobo per share.
Animals Feeds followed, shedding 9.58 percent to settle at N13.15, while Guinea Insurance fell by 9.41 percent to close at 93 kobo per share.
CAP decreased by 8.50 percent to N108.50, while UPDC lost 7.69 percent to close at N4.20 per share.
Trading activity damaged, with overall volume decreasing by 34.57 per cent to 322.04 million shares.
The shares were exchanged in 37,810 offers, with an overall worth of N20.50 billion.
Zenith Bank controlled trading by volume and worth, tape-recording 31.69 million shares worth N4.30 billion.
The bank’s deals represented 9.84 percent of overall trading volume and 20.96 percent of the overall worth traded.
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