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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…

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.

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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