Finance
Stock Market Rebounded Slightly on Tuesday, Gains N65BN
- Stock Market Rebounded Slightly on Tuesday, Gains N65BN
Nigerian Stock Exchange market rebounded slightly on Tuesday following a series of losses.
The stock market gained N65 billion by the end of trading hours to reverse some of its losses, with the banking stocks leading the pack.
FBN Holdings Plc gained 6.71 percent, Nestle Nigeria Plc rose by 2.26 percent and United Bank for Africa Plc climbed 6.94 percent to bolstered market capitalisation from N11.756 trillion on Monday to N11.821 trillion on Tuesday.
A total of 269.814 million shares valued at N2.653 billion were traded in 4,705 transactions on Tuesday. Bringing total gains to date to -15.3 percent.
However, activity level strengthened as value and volume of trade rose by 23.3 percent and 67.9 percent, respectively.
Top traded shares by value were Access Bank Plc (N679.8m), Zenith Bank Plc (N338.4m), and International Breweries Plc (N229.7m).