The Nigerian stock market rebounded on Thursday, with investors recording gains of N233 billion amid renewed buying interest in equities.
Market capitalisation opened at ₦83.241 trillion and added ₦152 billion, or 0.18 per cent, to close at ₦83.393 trillion.
The All Share Index (ASI) rose by 71.64 basis points.
The market capitalisation of listed equities decreased by N28 billion or 0.10 per cent to N27.685 trillion from N27,713 trillion recorded on Wednesday.
The All Share Index (ASI) lost by 0.14 per cent to close at 53,193.98 points from 53,270.88 points the previous day.
Market watchers attributed the decline mostly to sell-off in the financial sectors.
The negative sentiment was driven by investors’ profit-taking sentiments in the banking and consumer goods sectors.
The All-Share Index rose by 32.28 points to close at 39,522.34 compared with 39,490.06 achieved on Thursday.
FBNHoldings drove the activity chart, exchanging 27.28 million shares worth N199.56 million, followed by GTCO with an account of 14.38 million shares valued at N404.04 million.
Transactions on the nation’s bourse maintained a positive outlook on Tuesday, with the market capitalisation growing further by N163 billion, amid foreign investors’ interest.
