Stock Market Rebounds, All Share Index grows by 0.70%
Excerpt
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The Nigerian Exchange Ltd. (NGX) All-Share Index benchmark rebounded on Thursday, recovering from its previous loss by 0.70 per cent or 572.7 points, settling
The rally on the Nigerian Exchange Limited entered its seventh day on Monday, resulting in a daily gain of N365bn and a compound gain of N3.5tn from the rally which started on December 28, 2023.
Buying interest in stocks like Dangote Cement, MTN Nigeria, and BUA Foods emerged as the primary driving forces behind the positive performance.
The domestic bourse on Tuesday further recorded a positive performance, making investors to gain N1.93 trillion. Specifically, the market capitalisation closed at N45.523 trillion, representing N1.93 gain or four per cent when compared with N43.597 trillion recorded on Monday. Consequently, benchmark of the All-Share index increased by four per cent or 2,867.31 points to close