Market analysts said, “Sustained demand in fundamentally strong stocks continues to drive the upward trend.”
The Nigerian Exchange Ltd rebounded on Tuesday, reversing several days of bearish trends, with a gain of N101 billion.
NAHCO has been chosen by two regional operators, Afrijet and Air Sierra Leone, to handle their ground operations in Nigeria.
The positive performance was driven by stocks of Zenith Bank, Airtel Africa and Wapco.
The bellwethers are BUA Cement, MTN Nigeria Communications (MTNN) and Airtel Africa.
The positive out-turn was due to bargain hunters’ buying interest in both the industrial and banking sectors.
