Equities rebounds as investors transact 1.2bn shares

The lead indicators of the Nigerian equities market recorded a rebound of 0.07 percent on Wednesday.

Investors moved 247.7 million shares worth N1.2 billion, a decline of 38 and 37 percent respectively when compared to previous sessions transactions of N402.7 million units of shares worth N1.9 billion.

The All Share Index however added 18.65 points to Tuesday’s closing figure and closed the Wednesday at 25,496.71 points. Market Capitalisation added N6 billion and closed the day at N8.822 trillion, while the year-to-date loss moderated to -5.15 percent.

Trans Nationwide Express Plc led 18 gainers with 4.60 percent growth in share price that closed at 91 kobo, Fidson Healthcare Pharmaceuticals followed with a growth of 4.30 percent to close at 97 kobo per share, while Transcorp added 4.11 percent to close at 76 kobo per share.

AIICO Insurance was next with a 3.77 percent growth to close at 55 kobo per share, while FBN Holdings added 3.24 percent to close at N3.19 per share.

On the other hand, Unilever was topmost on the losers table (17), with a decline of 5 percent to close at N33.25 per share. Lafarge WAPCO decreased 4.99 percent to close at N45.13 per share, while Ashaka Cement shed 4.95 percent to close at N9.03 per share. NAHCO fell 4.86 percent to close at N2.35, and Jaiz Bank was fifth on the losers table with a depreciation of 4.55 percent to close at N1.05 per share.

Top three traded stocks for the day were Fidelity Bank, First City Monument Bank (FCMB) and Access Bank. They traded 97.6 million, 36.1 million and 40.2 million units of shares respectively. The shares were valued at 97.5 million, N40.2 million and N110.4 million each.