Nigeria’s stock market rebounds after six successive losses

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Sovereign Trust Insurance led the activity chart in volume with 2.50 billion shares, while UBA led in value, with deals worth N6.74 billion.

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The All-Share Index also went up by 0.22 per cent or 216 points, to close at 97,123.61 points, against 96,907.73 reported on Monday.Investors renewed interest in Tier-one banking stocks, namely, Zenith Bank, FBN Holdings, United Bank For Africa , Access Corporation, Fidelity Bank, among other advanced equities, pushed the market performance up.Conoil led the gainers’ table with N18.80 to close at N208.10, JohnHolt followed with 36k to close at N3.99, while Eunisell Ltd.

A total of 3.60 billion shares valued at N25.57 billion were exchanged in 10,679 deals, compared with 1.22 billion shares valued at N14.23 billion traded in 10,386 deals posted in the previous session. At Premium Times, we firmly believe in the importance of high-quality journalism. Recognizing that not everyone can afford costly news subscriptions, we are dedicated to delivering meticulously researched, fact-checked news that remains freely accessible to all.

 

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