Stock Market Posts Strong Rebound With N346bn Gains

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Bullish sentiments resurfaced in the domestic stock market at the end of yesterday trading session, as bargain hunting in Airtel Africa and 10 others drove

Precisely, the All-Share Index inched higher by 641.77 absolute points, representing an increase of 1.24 per cent to close at 52,591.41 points. While the overall market capitalisation value gained N346 billion to close at N28.353 trillion.

GTI Securities Limited stated that, “the Nigerian equity market closed transaction for today bullish due to increased buying in Airtel Africa and other stocks. However, profit-taking dominated the market and we expect this trend to continue.”

 

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