The Nigerian Stock Exchange, NSE, on Thursday, October 20, made a rebound with 0.44 percent gain after a three-day downward spiral.
The All share Index scooped 120.3 basis points to close at 27,598.34 basis points. Market Breadth also turned positive at the close of the day’s transactions with 16 gainers to 14 losers.
Guaranty Trust Bank led the advancers table with a growth of 5.11 percent or N1.19 to close at N24.49 per share, International Breweries Plc and NEM plc added 5 percent each to close at N19.95 kobo and 84 kobo respectively while Caverton Offshore Support Group Plc improved by 3.80 percent or 3 kobo to close at 82 kobo per share.
All sectoral index of the local bourse recorded appreciation with the Banking Index in lead following a growth of 1.83 percent on account of a 5.11 percent gain in GTB, FCMB Plc’s increase of 3.67 to close at N1.13 per share and Access Bank’s increase of 1.44 percent or 8 kobo to close at N5.63 per share.
Fidelity, UBA, Zenith and FBN Holdings also recorded varied degrees of growth to close at 85 kobo, N4.29, N14.75 and N3.01 per share respectively.
Tripple G Plc led the day’s five top losers with a decline of 4.90 percent or 7 kobo to close at N1.36 per share. Africa Prudential Plc followed with a loss of 4.83 percent or 13 kobo to close at N2.56 per share, Neimeth Pharmaceuticals Plc and Livestock Feeds Plc dropped 4.65 and N4.55 percent each or 4 kobo each to close at 82 and 84 kobo per share respectively.
The three most active stocks were led by Guaranty that sold 17.1 million shares worth N426.5 million, Zenith Bank Plc followed with the sale of 10.5 million shares valued at N157.6 million while Transcorp Plc sold 10.1 million shares costing N9.8 million.
Market Performance measured by Volume and Value Traded in 2,699 deals settled at 111.9 million units and N4.0 billion respectively, compared to 81.9 million units and N592.5 million traded previously.
