Nigerian stock market experienced a rebound on Wednesday, with investors gaining N97 billion.
Gatekeepers News reports that the market capitalization of listed equities rose by 0.18% to N55.130 trillion, while the All-Share Index increased by 0.18% to 97,098.98. The positive momentum was driven by gains in 27 stocks, led by Redstarex, which rose by 10% to N4.18 per share.
The market’s Year-To-Date return also improved to 29.86%. Trading activity was higher than the previous session, with a total of 636.50 million shares worth N12.77 billion exchanged in 9,744 deals. Access Corporation was the most traded stock by volume, while Guaranty Trust Holding Company (GTCO) led in value.
On the gainers’ table, Oando, RT Briscoe, United Capital, and Industrial and Medical Gases also recorded significant gains. However, Neimeth, Honeywell Flour, Sovereign Trust Insurance, Deap Capital Management and Trust Plc, and Ecobank Transnational Incorporated were among the losers.
