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NGX rebounds, gains 0.08%

In a recovery from the previous day’s loss, the Nigeria Exchange Tuesday posted gains as the All-Share Index rose by 0.08% to close at 71,066.55 points.

Gains in Tier-1 Banking including ZENITHBANK (+0.15%), GTCO (+0.54%) and UBA (+0.73%) contributed to outweigh losses in other stocks such as INTBREW (-2.17%), OANDO (-3.72%) and FCMB (-1.45%), keeping the market in the green.

As a result, the year-to-date (YTD) return rose to 38.66%, while market capitalization gained N31.81bn to close at N39.08trn.

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Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 26.07%.

A total of 491.40m shares valued at N3.22bn were exchanged in 6,549 deals. UNITYBNK (9.38%) led the volume chart with 75.44m units traded while VFDGROUP (0.00%) led the value chart in deals worth N481.81m.

 

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