The Nigerian equities market halted a three day shedding streak on Wednesday, August 10,as key indices of the bourse saw a modest rebound.
The market capitalisation bounced back with a gain of N52 billion to close at N9.418 trillion against a loss of N42.2 billion to close at N9.366 trillion on Tuesday, August 9.
Ikeja Hotel Plc topped the day’s 19 gainers with an appreciation of 5 percent or 9 kobo to close at N1.89 per share, UAC- PROP Plc followed with a gain of 4.84 percent or 18 kobo to close at N3.90 per share and International Breweries Plc garnered 4.60 percent or 83 kobo to close at N18.88 per share.
Dangote Flour Plc improved by 4.51 percent or 18 kobo to close at N4.17 per share and Wema Bank Plc added 2.94 percent or 2 kobo to close at 70 kobo per share.
Conversely, 7 up Plc led the day’s 21 declining stocks with a loss of 9.74 percent or N11.64 to close at N107.86 per share. CAP Plc followed with a decrease of 9.73 percent or N3.60 to close at N33.40 per share, Fidson Healthcare Plc also dipped 4.84 percent or 9 kobo to close at N1.77 per share. May & Baker Pharmaceuticals Plc depreciated by 4.39 percent or 5 kobo to close at N1.09 per share and Livestock Feeds Plc lost 4.12 percent or 4 kobo to close at 93 kobo per share.
WAPIC was the most active, accounting for 89.3 million shares worth N44.9 million, GTB followed with the sale of 83.4 million shares worth N2 billion and FBN Holdings came third with a total of 62.9 million shares valued at N207.6 million.
Investors on the floor of the exchange involved in 3,103 deals which amounted to a total volume of 391.4 million shares worth N3.4 billion, compared with 416.8 million shares worth N2.2 billion exchanged in 3,443 deals during Tuesday’s session.
