Domestic equity rebounds, gains N441bn

Transactions on the floor of Nigerian Exchange rebounded Wednesday, appreciating by N441 billion as FBNHoldings, AccessCorp, United Bank for Africa, FCMB group and others lifted market activities.

Market capitalisation of listed equities appreciated by 1.33 per cent to N33.500 trillion from N33.059 trillion reported the previous day.

The NGX All Share Index also increased by 808.53 basis points to 61523.57 points from 60715.04 points recorded on Tuesday.

Learn Africa led gainers table during the day appreciating by 9.97 per cent to close at N3.20 per share, Gold Breweries followed with 9.95 per cent to close at N2.21 per unit, Chellaram gained 9.77 per cent to close at N1.46 per unit, John Holt added 9.62 per cent to close at N1.14 per share, Omatek grew by 9.52 per cent to close at N0.46 per unit.

On the contrary, NSL Tech, Mutual Benefits Assurance, Lasaco Insurance, and NEM Insurance topped losers chart, shedding 10 per cent each to close at N0.27 per share, N0.54 per unit, N2.07 and N5.58 per unit respectively. Wapic Insurance trailed with a loss of 9.88 per cent to close at N0.73 per share.