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NSE: Market rebounds on blue-chip gains

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The Nigerian bourse rebounded on Wednesday after recording depreciation in the previous session. Gains posted by blue-chip equities led by WAPCO, Zenith Bank, BUA Cement, PZ and GTB helped the market to find resilience today.

A positive market breadth was recorded as 19 gainers emerged against 4 losers. The All Share Index (ASI) inched up by 0.66% to close at 22,780.30 basis points. The market capitalisation slumped to N11.872 trillion at the end of today’s trade.

Year to date, the index is down by 15.13%

TOP 5 GAINERS

NEM led gainers, growing by 10% to close at N2.20. WAPCO gained 9.66% to close at N11.35. Livestock Feeds rose by 7.69% to N0.70. Transcorp leapt to N0.73, notching up 7.35% in the process. PZ completed the top 5, climbing up by 6.25% to N4.25.

TOP 5 LOSERS

SAHCO topped the losers’ table, declining by 8.16% to close at N1.80. Union Diagnostic shrank by 6.45% to end at N0.29. Guinness tumbled to N19, losing 6.40%. Cavertopn dipped to N2.25, recording 4.26% loss.

READ ALSO: NSE: Market sheds N151.392bn as negative sentiment persists

TOP 5 TRADES

186.230 million shares worth N1.853 billion were traded today in 3,446 deals.

Zenith Bank was the most preferred stocks today with 30.956 million of its stocks worth N420.527 million traded in 524 deals. 30.722 million units of FBN Holdings shares priced at N130.493 million exchanged hands in 268 transactions. GTB had 25.771 million shares valued at N486.796 million traded in 482 deals. UBA traded 19.998 million shares estimated at N115.539 million in 116 transactions. WAPCO traded 17.108 million shares valued at N192.505 million in 214 deals.

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