The Nigerian Stock Exchange rebounded yesterday, as most bluechip stocks appreciated in price, causing the All-Share Index (ASI) to inch up by 0.6 per cent. However, C&I Leasing led the losers’ chart by five per cent, to close at N1.33 per share, followed by Fidson Healthcare, with five per cent to close at N5.51, while AG Leventis depreciated by 4.84 per cent to close at 59 kobo per share. Sterling Bank lost 4.71 per cent to close at N1.62, while Wema Bank dropped by 4.35 per cent to close at 88 kobo per share. Total volume of trades surged 732.41 per cent to 1.602 billion units, highest since February 8, 2018, while total turnover recorded a 248.88 per cent upturn to N10.91 billion, highest since March 9, 2018. These followed major transactions on the bourse, as 320 million units of UBA at N11, and 834 million units of FCMB at N2.47 were exchanged.

Source: The Guardian April 18, 2018 04:07 UTC