Equities market rebounds by 0.08%

By Kayode Tokede

Trading on the Nigerian Exchange Limited (NGX) equities market closed the week on Friday with a marginal gain of 0.08 per cent.

Consequently, the NGX All-Share Index improved by 32.56 points or 0.08 per cent to close at 38,943.87 from 38,911.31 recorded on Thursday.

Also, the market capitalisation which opened trading at N20.273 trillion rose by N17 billion or 0.08 per cent to close at N20.290 trillion.

Consolidated Hallmark Insurance led the gainers’ table in percentage terms, gaining 8.33 per cent to close at 52k per share.

Regency Insurance followed with 7.14 per cent to close at 45k, while Prestige Insurance added 6.82 per cent to close at 47k per share.

United Capital gained 6.59 per cent to close at N8.90, while Sovereign Trust Insurance garnered four per cent to close at 26k per share.

On the other hand, Ikeja Hotel drove the laggards’ chart in percentage terms, dropping by 6.56 per cent to close at N1.14 per share.

Okomu Oil trailed with 5.45 per cent to close at N104, while Unity Bank dipped 3.51 per cent to close at 55k per share.

Courtvillle Business Solutions was down by 3.33 per cent to close at 29k, while Lafarge Africa lost 2.27 per cent to close at N21.50 per share.

Universal Insurance was the most active in activity chart, exchanging 19.08 million shares valued at N3.82 million.

United Bank for Africa accounted for 11.06 million shares worth N84.05 million, while Lafarge Africa traded 10.23 million shares valued at N220.20 million.

Zenith Bank sold 9.95 million shares worth N235.60 million, while United Capital exchanged 9.82 million shares valued at N84.91 million.

In all, investors traded 155.09 million shares worth N1.95 billion in 2,906 deals.

This was against 130.20 million shares valued at N1.43 billion traded in 2,962 deals on Thursday.