Nigerian Stocks Rebound with N234bn Gain After Four-Day Slide
The Nigerian stock market regained momentum on Friday with investors netting N234bn, reversing a four-day losing streak. At the close, NGX market capitalisation rose from N155.359tr to N155.593tr. The All-Share Index climbed 366 points (0.15%) to 242,593.31. Year-to-date return improved to 55.90%, reflecting ongoing investor confidence. Advancers outnumbered decliners 39 to 11. Abbey Mortgage Bank, International Energy Insurance and Daar Communications led gains at 10% each. On the flip side, Academy Press and University Press shed nearly 10%. Trading volume rose 3.40% to 608.49 million shares valued at N32.03bn. Abbey Mortgage Bank dominated by volume, while Seplat topped in value (N9.74bn). This positive close suggests renewed appetite for equities.
Use The App To Win ₦1m
Stories are shared by community members. This article does not represent the official view of NaijaWorld — the author is solely responsible for its content.