Nigeria’s stock market rebounds

23 Oct Nigeria’s stock market rebounds

Nigerian stock market bounced back on Thursday with a 0.40 per cent rise in market capitalisation. The All-Share Index appreciated by 114.38 basis points or 0.40 per cent to close at 28,563.87 index points as against 28.449.49 recorded the previous trading session.

Market capitalisation of equities grew by N59bn from N14.87tn the previous day to N14.93tn as market sentiment remained on the positive territory.

A turnover of 311.33 milion shares exchanged in 3,375 deals was recorded.
The premium sub-sector was the most active (measured by turnover volume); with 144.33 million shares exchanged by investors in 1,443 deals.