The Nigerian stock market slightly rebounded by 0.02% on Wednesday with a total market capitalization increase of N11 billion. The All-Share Index gained 17 points, reaching 107,798.99. Key gainers included UH Real Estate Investment Trust and Africa Prudential, while trading activity declined from the previous day.
On Wednesday, the Nigerian stock market exhibited a slight recovery, marking a 0.02% increase after a series of losses. The market capitalization of the Nigeria Exchange Ltd. (NGX) climbed by N11 billion, reaching N67.179 trillion, compared to the previous N67.168 trillion.
The All-Share Index experienced an uptick of 0.02%, adding 17 points to close at 107,798.99 from the preceding day’s 107,781.79. Consequently, the Year-To-Date (YTD) return stands at 4.73%.
Leading the gainers, UH Real Estate Investment Trust soared by 9.94% to end at N44.25 per share, while Africa Prudential followed closely with a 9.90% rise to N33.30. Additionally, Caverton Offshore Support Group and Lasaco Assurance recorded gains of 9.87% and 6.92%, concluding at N2.45 and N3.09 per share, respectively.
In terms of trading activity, investors exchanged 245,516,922 shares valued at N8.414 billion across 10,098 transactions, a decrease from the previous 363,516,922 shares worth N10.118 billion in 13,753 trades. Access Holdings led in volume with 36.55 million shares, followed by Zenith Bank at 26.79 million shares and Sterling Financial Holdings with 11.25 million shares.
Jaiz Bank and AIICO were also notable in terms of trading volume during the session.
In summary, Nigeria’s stock market rebounded modestly on Wednesday, recording a 0.02% increase driven by gains in several key stocks. The market capitalization rose, and investor activity showed a decline in trading volume and value. Noteworthy gainers included UH Real Estate Investment Trust and Africa Prudential, reflecting a slight uptick in market sentiment.
Original Source: gazettengr.com
