The Nigerian Exchange Limited witnessed a remarkable rebound, with the All-Share Index surging by 0.66% or 540.88 points to conclude at 82,565.26 points on Thursday. This positive momentum resulted in equities gaining a substantial N314 billion, propelling the market capitalization to close at N45.199 trillion, an increase from the previous day’s N44.885 trillion.
Trade volume experienced a significant decrease of 46.5%, totaling 877.28 million units compared to the previous day’s 1.641 billion units. Correspondingly, there was a 43.2% decline in trading value, amounting to N14.41 billion, down from the previous day’s N25.38 billion.
The market analysis unveiled notable performers, with ROYALEX surging by 10.00% to close at N0.99, GUINEAINS climbing by 10.00% to reach N0.44, JBERGER advancing by 9.92% to close at N56.50, CADBURY rising by 9.77% to N21.90, TIP leaping by 9.74% to settle at N1.69, and MCNICHOLS recording a strong 9.71% increase to reach N1.13. Conversely, the top losers included IKEJAHOTEL down by 9.90% to N7.83, ABBEYBDS plummeting by 9.66% to N2.73, CALVERTON sliding by 9.66% to N1.87, DAARCOMM decreasing by 9.38% to N0.87, NPFMCRFBK dipping by 7.91% to N1.98, and HONYFLOUR declining by 6.41% to N3.65.
In terms of the most actively traded stocks by volume, TRANSCORP demonstrated prominence with a 4.12% increase and 74.535 million units, followed by STERLINGNG at 54.324 million units with a 3.32% rise, ACCESSCORP with 54.118 million units and a 1.08% incline, AIICO at 53.904 million units and a 3.17% increase, and UBA with 52.274 million units and a robust 4.94% surge.
On the other hand, ZENITHBANK took the lead in terms of value with a 1.99% increase, amassing N1.98 billion, followed by UBA at N1.57 billion with a 4.94% rise, ACCESSCORP at N1.51 billion with a 1.08% increase, MTNN with N963.33 million and a 0.35% incline, and TRANSCORP at N935.42 million with a 4.12% surge.
Furthermore, the trading sentiment favored stocks valued at over N1 trillion, evidenced by positive price gains for MTNN, ZENITHBANK, UBA, BUACEMENT, and GTCO. Conversely, DANGCEM, BUAFOODS, AIRTELAFRI, and SEPLAT reported no price changes.
Noteworthy milestones were also achieved as ACCESSCORP appreciated by 1.08% to reach a market capitalization level exceeding N1 trillion, while FBNH soared by 6.78% to attain a market capitalization of N989 billion, positioning it within N11 billion of the N1 trillion mark.
