Local equities rebounded on resumed bargain hunting activities, as overall performance measures, the NSE ASI and market capitalisation, revved by 0.22 per cent each, halting the eight days losing band following sustained sell pressure that had enveloped the nation’s bourse.
Consequently, the All-Share Index gained 55.66 basis points or 0.22 per cent to close at 25,517 basis points as against 25,461.34 recorded the previous day, while the market capitalisation of equities appreciated by N20 billion or 0.22 per cent to close at N8.784 trillion from N8.764 trillion.
Meanwhile, a turnover of 165.7 million shares exchanged in 2,484 deals was recorded in the day’s trading.
Banking sub-sector of the financial services sector was the most active (measured by turnover volume) with 104.8 million shares exchanged by investors in 668 deals.
Volume in the subsector was largely driven by activities in the shares of Access Bank Plc and Diamond Bank Plc.
Premium board sub-sector boosted by activities in the shares of Zenith Bank Plc and FBNH Plc followed with a turnover of 25.1 million shares in 384 deals.
The number of gainers at the close of trading session was 19, while decliners closed at 11.
Sterling Bank Plc led the gainers’ table with a gain of 5.71 per cent to close at 74 kobo per share while Oando Plc added five per cent to close at N4.20 per share.
Flour Mills Plc added 4.99 per cent to close at N18.74 per share.
On the other hand, Forte Oil Nigeria Plc led the price losers’ table, dropping 6.19 per cent to close at N70.00 per share. Julius Berger Plc trailed with five per cent to close at N36.10 per share. African Prudential Plc trailed with a loss of 4.32 per cent to close at N2.66 per share