Equities market rebounds as investors gain N96bn

Investors in the Nigerian equities market gained N96 billion at the close of trading on Wednesday.

This followed a surge in the share prices of stocks like Intenegins, John Holt and EUNISELL amongst others on the trading floor today.

After five hours of trading at the capital market, the equity capitalisation increased to N59 trillion from N58.9 trillion recorded by the bourse on Tuesday..

The benchmark All-Share Index (ASI) increased to 97,477.80 from 97,260.39 recorded the previous day.

The market breadth was positive as 39 stocks advanced and 19 stocks declined, while 62 stocks remained unchanged in 8,305 deals.

Intenegins, John Holt and Eunisell led other gainers with 10 percent, 9.98percent and 9.88percent growth each in share prices to close at N1.32, N6.39, and N10.90 from the previous N1.20, N5.81 and N9.92 per share.

Regalins, Daar communication, and Sovereign Insurance led other price decliners with 10 percent, 7.46 percent, and 6.35 percent decline each in share prices to close at N0.45, N0.62, and N0.59 from the previous N0.50, N0.67 and N0.63 per share.

On the volume index, ACCESS CORP led trading with 40 million shares in 490 deals followed by UBA which traded 23 million shares in 522 deals.

Fidelity bank traded 21 million shares in 225 deals.

On the value index, ARADEL traded stocks worth N1.6 billion in 810 deals followed by ACCESS CORP which traded equities worth N979 million in 1, 202 deals.

GTCO traded shares valued at N794 million in 224 deals.