December 24, (THEWILL) – After three days of persistent bearish mood, trading on the Nigerian Exchange Ltd (NGX) rebounded by N17 billion to close Christmas eve positive.
Specifically, the market capitalisation rose by N17 billion or 0.08 percent to close on Friday at N22.060 trillion from N22.043 trillion achieved on Thursday.
In the same vein, the NGX All-Share Index improved by 32.37 points or 0.08 percent to close at 42,262.85 against 42,230.43 recorded on Thursday.
An analysis of the price movement chart shows that 12 stocks posted gains, against 11 laggards.
Union Bank of Nigeria led the gainers’ table in percentage terms by 9.90 percent to N5.55 per share.
Sovereign Trust gained 8.33 percent to 26k while PZ Cussons added 7.20 percent to close at N6.70 per share.
Vitafoam garnered 4.41 percent to close at N22.50 per share.
Conversely, Cornerstone Insurance topped the losers’ chart in percentage terms, dropping by 9.80 percent to 46k per share.
UPDC trailed with 3.39 percent to N1.14, while Jaiz Bank lost 3.13 per cent to close at 62k per share.
Japaul Gold dipped 2.63 percent to close at 37k, while UDPD REITs dropped 2.44 percent to close at N4 per share.
However, the volume of shares traded dropped by 47.02 percent as investors sold 111.84 million shares valued at N911.92 in 2,072 deals. This was against 211.09 million shares worth N2.46 billion transacted in 2,815 deals on Thursday.Transcorp was the most active stock, exchanging 11.55 million shares valued at N11.43 million.UBN followed with an account of 9.89 million shares worth N54.66 million, while Access Bank traded 9.88 million shares valued at N88.25 million.Sovereign Trust Insurance traded 9.01 million shares worth N2.34 million, while Sterling Bank sold 7.13 million shares valued at N10.40 million.Trading will however resume on NGX on Dec. 29, 2021, following public holidays declared by the Federal Government on Dec. 27 and 28 for Christmas and Boxing Day celebrations.
