The crucial market indices of the Nigerian Stock Exchange (NSE) rebounded on Wednesday with 0.39 per cent after dropping for five trading sessions.
The equities market recorded its first gain this week with MAY & BAKER NIGERIA PLC leading the gainers’ table after opening at N1.90k per share and closing at N2.09k per share, gaining 0.19k or 10.00 percent.
UNION DIAGNOSTIC & CLINICAL SERVICES PLC followed with an opening price of 0.23k per share and closing at 0.25k per share, gaining 0.02k or 8.70 percent.
While UACN PROPERTY DEVELOPMENT COMPANY PLC occupied the third position when it commenced transactions at N1.18k per share and closed at N1.25k per share, gaining 0.07k or 5.93 percent.
Conversely, CHAMS PLC topped the losers’ chart by 7.69 percent or 0.02k loss closing at 0.24k per share compared to previous closing of 0.26k per share.
Next was LIVESTOCK FEEDS PLC with an opening price of 0.39k per share and a closing price of 0.36k per share, declining by 0.03k or 7.69 percent.
Then LINKAGE ASSURANCE PLC fell by 0.03k or 5.77 percent to close at 0.49k per share as against previous closing of 0.52k per share on Tuesday.
Market sentiment, as measured by market breadth, was positive with 19 stocks recording gains relative to 13 losers.
Although the benchmark index widened by 0.39% closing at 27,153.53 basis points, the total volume of trades decreased by 41.9% to 211.52 million units and valued at NGN1.45 billion.
COURTEVILLE BUSINESS SOLUTIONS PLC was the most traded stock by volume at 35.20 million units, while ACCESS BANK PLC was the most traded by value at NGN208.42 million.
On sectoral performances, gains were recorded across all sectors save for the Insurance sector which fell by 1.25%.
The Oil & Gas Index gained 2.82%, Consumer Goods index gained 1.60%, Banking index gained 0.35% and Industrial Good index gained 0.16 percent.