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, and 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, while losers like Neimeth International Pharmaceuticals were also observed. The market's bullish closure signaled renewed investor confidence after a week of bearish trends.