Nigerian Equities Recover ₦410.86bn on October 21
On October 21, Nigerian equities rebounded, recovering ₦410.86 billion, bringing market capitalization to ₦159.67 trillion from ₦159.26 trillion. This recovery represented only 28% of the ₦1.47 trillion lost on October 20, when market capitalization fell from ₦160.73 trillion to ₦159.26 trillion.
The benchmark All-Share Index (ASI) increased by 632.79 points, or 0.26%, closing at 245,911.13 points. The NGX Industrial Index was the strongest sector, gaining 1.17% due to significant contributions from HBM Nigeria Plc, which rose 6.76%.
Other contributors included NASCON Allied Industries, which increased by 7.31%, and Unilever Nigeria, which gained 5.83%. However, the banking sector lagged, with the NGX Banking Index falling 0.15%.
The trading day ended with 28 gainers and 21 decliners, indicating a positive breadth despite uneven confidence across sectors.
Plus234Feed summary based on reporting from The Will. Read the original report below.
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