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Nigeria’s stock market rebounds as investors gain N178 billion

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The market capitalisation, having opened at N55.576 trillion, added N178 billion or 0.32 per cent to close at N55.754 trillion.

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The All-Share Index also rose by 0.32 per cent or 310 points to settle at 97,025.17 points,against 96,715.04 points recorded on Wednesday.Market breadth also closed positive with 27 gainers and 22 losers on the floor of the Exchange. Analysis of the market activities showed that trade turnover settled lower relative to the previous session, with the value of transactions down by 9.44 per cent.A total of 390.55 million shares was exchanged in 9,615 deals, compared to 600.04 million shares valued at N8.81 billion in 9,546 deals traded in the previous session.

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