Nigerian Equities Market Rebounds Strongly, Investors Regain Confidence
The Nigerian equities market witnessed a strong rebound, with market capitalization rising from N89.884 trillion to N92.480 trillion. The All-Share Index (ASI) also advanced from 141,327.30 points to 145,403.83 points, reflecting improved investor sentiment.
Key gainers included AccessCorp, Mansard, NB, Oando, and PZ, while Vitafoam, AustinLaz, TransPow, RedStarExpress, and AbbeyBD experienced losses. The market saw a shift towards bullish momentum, with investors taking advantage of earlier price corrections and increasing exposure to fundamentally strong stocks.
Analysts expect the positive momentum to persist in the short term.
Plus234Feed summary based on reporting from The Will. Read the original report below.
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