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The Nigerian Exchange Ltd experienced a rebound on Tuesday, ending a two-day decline with a market increase of N19 billion.
The market capitalization of the NGX rose by N19 billion, representing a 0.03 per cent gain, closing at N65.704 trillion, up from N65.685 trillion on Monday.
Additionally, the All-Share Index increased by 30.40 points or 0.03 per cent, finishing at 104,560.02, compared to 104,529.62 the previous day.
However, the market breadth was negative, with 29 stocks declining against 25 that advanced.
Northern Nigeria Flour Mills led the losers, dropping 9.97 per cent to finish at N79.00 per share. The Initiates Plc followed closely, down 9.57 per cent to close at N4.25 per share.
Caverton Offshore fell by 9.06 per cent, trading at N2.31 per share. WAPIC Insurance decreased by 8.85 per cent, settling at N2.06 per share, while Guinea Insurance lost 8.70 per cent to close at 63k per share.
On the other hand, ABBEY Mortgage Bank topped the gainers with an increase of 9.94 per cent, ending at N7.41 per share.
Unilever Nigeria surged by 9.65 per cent, closing at N38.05 per share. Learn Africa saw an appreciation of 8.33 per cent, reaching N3.25 per share. FG132026S1 increased by 8.00 per cent, closing at N97.20 per share, while Secure Electronic Technology advanced by 7.41 per cent, finishing at 58k per share.
In total, 368.76 million shares were traded, amounting to N10.87 billion across 13,228 transactions, a contrast to the previous trading session where 428.16 million shares worth N10.518 billion were exchanged in 14,583 deals.
Fidelity Bank was the most active, with 47.431 million shares valued at N866.95 million. Access Corporation followed with 28.048 million shares worth N592.21 million. Zenith Bank saw a turnover of 23.120 million shares valued at N1.146 billion. UBA traded 21.97 million shares worth N690.49 million, while First City Monument Bank recorded 20.805 million shares, totaling N185.11 million.
