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NSE market indices rebound by 0.09 per cent

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The Nigerian Stock Exchange (NSE) crucial market indicators rebounded by 0.09 per cent on renewed bargain hunting on some blue chips, after prolonged days of bearish trend.

The News Agency of Nigeria reports that the All-Share Index rose by 23.66 points or 0.09 per cent to close at 26,557.44 against 26,533.78 achieved on Friday.

Analysts at Cowry Asset Management Limited expected the local bourse to close in green territory in the new week. AXA Mansard Insurance rose by 6.25 per cent to close at N1.70, while Dangote Flour appreciated by 3.60 per cent to close at N23, per share.Conversely, Global Spectrum Energy Services led the losers’ chart in percentage terms, dropping by 9.62 per cent, to close at N4.70 per share.

Similarly, the total volume traded appreciated marginal with an exchange of 129.08 million shares worth N2.74 billion traded in 2,595 deals.

 

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