Stock Market Regains N37billion as Trading Resists Further Bear Run

Equities trading at the Nigerian Stock Market closed higher on Thursday, April 14, over intense resistance to lingering bear pressure.

Transactions on the bourse recouped N37 billion on optimistic purchases equivalent to 0.44 per cent as against the slight 0.01 per cent fall recorded on Wednesday, April 13.

Volume and value of trades both appreciated by 67.2 per cent and 57.35 per cent respectively, away from 44.01 per cent and 11.57 per cent negative trend respectively they previously closed.

Transactions in the shares of Law Union and Rock Insurance Plc, United Bank for Africa and Guaranty Trust Bank topped the activity chart as most traded equities by volume.

The market saw 37 gainers against 18 losers.

Leave a Reply