Equity Market Rebounds By 0.99% As Market Capitalisation Gains N401bn

The nation’s bourse experienced a remarkable upturn on Thursday, witnessing a significant profit surge as the market capitalisation surged by N401 billion, an increase of 0.99%, closing at N40.776 trillion compared to Wednesday’s N40.375 trillion.

The All-Share Index (ASI) also displayed a growth of 733.94 points or 0.99%, settling at 74,502.58 points, compared to the previous 72,404.9 points. Consequently, the Year-to-Date (YTD) return rose to 43.94%.

This notable performance was primarily propelled by increased trading in the stocks of Axa Mansard Insurance, Multiverse, and Julius Berger. Access Holdings dominated the trading chart in volume with N23.42 million, while MTN Nigeria led in value with N792.51 billion units.

Regarding the gainers’ chart, Ikeja Hotel recorded the highest percentage gain at 10%, closing at N5.50k. Multiverse followed with a 9.96% increase, closing at N16.89, and Julius Berger closed at N39.80, up by 9.94%. Industrial and Medical Gas (IMG) gained 9.87% or N12.25, while Inifinity closed at N5.47, up by 9.84%.

On the losers’ chart, UACN recorded the highest percentage decline at 10%, closing at N12.15 per share. Johnholt followed with a 9.73% decrease, closing at N2.32, and DeepCap ended at 9.38% down, settling at 58k per share. RTBrisco lost 8.96%, closing at 61k, while UCAP shed 7.53% to close at N22.10.

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