NSE All-Share Index Rises 0.23% as Market Rebounds

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By Goddy Egene The stock market rebounded yesterday after two days of decline as the Nigerian Stock Exchange (NSE) All-Share Index (ASI) rose 0.23 per cent to close at 41,147.72. The market had dep…

The stock market rebounded yesterday after two days of decline as the Nigerian Stock Exchange All-Share Index rose 0.23 per cent to close at 41,147.72.However, the bulls returned yesterday with 55 stocks gaining, while 16 lost value a day after the Chief Executive Officer of the NSE, Mr. Oscar Onyema, presented the market performance for 2020 and outlook for 2021.

However, Deap Capital Management Trust Plc, Mutual Benefits Assurance Plc, Northern Nigeria Flour Mills Plc, Niger Insurance Plc, Royal Exchange Plc and Sovereign Trust Insurance Plc led the price gainers’ chart with 10 per cent apiece. Conversely, Sunu Assurances Plc and AXA Mansard Insurance Plc led the price losers with 10 each, trailed by Japaul Gold & Ventures Plc with 9.3 per cent. Afromedia Plc shed 9.0 per cent, just as Omatek Ventures Plc went down by 8.7 per cent. UACN Property Development Company Plc lost 6.2 per cent among others.

 

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