NSE: Indices rebound by one per cent amid interest in high capitalised stocks

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After two days of loss, trading activities rebounded on the Nigerian Stock Exchange (NSE) on Thursday following investors’ interest in some highly capitalised equities.

Specifically, the market capitalisation of listed equities grew by N150 billion or one per cent to close at N15.142 trillion against N14.992 trillion posted on Wednesday.

Speaking on market outlook, Ambrose Omordion, the Chief Operating Officer, InvestData Ltd., said investors were taking advantage of price correction to increase their stake in the market. Forte Oil trailed with a gain 8.42 per cent to close at N20.60, while Lafarge Africa rose by 6.33 per cent to close at N15.95 per share.

Caverton followed with a decline of 9.97 per cent to close at N2.62, while Cornerstone Insurance lost 6.90 to close at 54k per share.

 

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