Nigerian Stock Market Rebounds with N521bn Gain

The Nigerian stock market ended a 6-day decline with a significant N521 billion gain in market capitalization. The All-Share Index (ASI) rose by points, representing a growth of per cent to close at points.

Key stocks like Transcorp, Nigerian Breweries (NGX: NB), and GTCO (NGX: GTCO) contributed to the market's positive performance. The market sentiment was vibrant, with 40 stocks advancing and 13 declining.

Notable gainers included Honeywell Flour Mills (NGX: HONYFLOUR), while losers like Neimeth International Pharmaceuticals (NGX: NEIMETH) were also observed. The market's bullish closure signaled renewed investor confidence after a week of bearish trends.