MARKET UPDATE – Wednesday, 20 December, 2017

The Nigerian equity market rebounded to halt its two day bearish trend. The All Share Index (ASI)  appreciated by 0.4% to close at 37,933.76 while The market capitalization closed at N13.5 trillion. 23 gainers and 22 losers emerged in today’s trading.

Sterling Bank (34.26mn) GT Bank (24.92mn) and Diamond Bank (15.83mn) were the most actively traded stocks. The total volume of stocks traded was 207.89 million in 4,873 deals and the value of stocks traded was N3.38bn, down by 37.58% from N5.42bn recorded at the previous trading day.

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