The Nigerian stock market rebounded on Thursday, with investors recording gains of N233 billion amid renewed buying interest in equities.
The benchmark opened trading at N102.684 trillion, reflecting continued investor confidence and extending the market’s positive momentum.
Market capitalisation rose by N377 billion or 0.58 per cent to close at N65.847 trillion, compared with N65.470 trillion posted on Wednesday.
The All-Share Index shed 0.33 per cent or 334.62 points to close at 101,707.70, compared with 102,042.32 posted on Monday.
The market capitalisation gained N180 billion or 0.61 per cent to close at N29.768 trillion, compared to N29.588 trillion posted on Wednesday.
Market sentiment, as measured by market breadth, was negative, as 22 stocks declined, while 15 posted gains.
The market closed positive with 30 gainers relative to nine losers.
The negative sentiment was driven by investors’ profit-taking sentiments in the banking and consumer goods sectors.
Market capitalisation, which opened at N20.450 trillion, lost N24 billion or 0.12 per cent to close at N20.426 trillion.
The bullish run was influenced by gains in medium and large capitalised stocks.
