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Nigerian stocks manage weak rebound after week of losses

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Zenith Bank, supported by a 10.4 per cent lift in its 2020 profit announced on Tuesday, contributed in no small measure to the appreciation of overall equity value.

Nigerian stocks found resilience on Tuesday after one week of losses as gains in the financial sector equities lifted the benchmark index by 0.03 per cent.

That underscored the place of the banking index in the day’s performance, considering that it advanced by 1.68 per cent while the remaining four sectorial indices either fell or closed flat.announced on Tuesday, contributed in no small measure to the appreciation of overall equity value alongside GTB, UBA, United Capital and Flour MillsThe All Share Index closed at 40,164.86 points, just as market capitalisation climbed to N21.014 trillion at the end of trade.

 

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