Daily stock report: rebound continues

The rebound of plunging share prices witnessed at the Nigerian Stock Exchange on Monday continued at the close of trading on Thursday.

The NSE's market capitalisation on Thursday closed higher at ₦6.212 trillion, from ₦6.207 trillion recorded Wednesday, a difference of ₦5 billion or 0.08 percent upturn, while the All-Share Index also rose from 27,217.59 units to close at 27,238.94, a 0.08 percent increase.

A total of 9,226 deals were recorded, leading to the purchase of 553,079,723 volumes of shares worth ₦4.086 billion. The banking sub-sector maintained its lead on the activity chart as the most active sub-sector, followed by the insurance sub-sector.

The volume in the banking sub-sector was driven by trading in shares of Access Bank Plc, First Bank of Nigeria Plc, Guaranty Trust Bank Plc (GTBank) , and Spring Bank Plc. Julius Berger Nigeria Plc led the price gainers' table, appreciating by ₦1.53. Nigerian Bottling Company Plc, UAC Property Plc and GTBank followed, gaining ₦1.02, 84 kobo and 70 kobo per share, respectively.

Nestle Nigeria Plc led the price losers' table, depreciating by ₦9.95, while Guinness Nigeria Plc, Africa Petroleum Plc, and Oando Oil Plc followed, losing ₦5.95, ₦5.00, and ₦3.29 per share, respectively.