Equities rebound, banking stocks lead N185bn gain
Written by stylemonument on June 29, 2017
The Nigerian equities market appreciated by N185bn at the close of trading on the floor of the Nigerian Stock Exchange on Wednesday.
The NSE banking index recorded the highest gain, as it appreciated by 3.16 per cent. This was followed by the NSE industrial, food/beverage and oil/gas indices, which gained 1.08 per cent, 0.84 per cent and 0.40 per cent, respectively.
The NSE insurance index was the only sectors to record a decline, as it dropped by 0.09 per cent.
A total of 386.238 million shares worth N3.303bn were traded in 4,372 deals.
The NSE market capitalisation rose to N11.292tn from N11.107tn, as the All-Share Index closed at 32,667.30 basis points from 32,122.14 basis points.
The ASI advanced by 1.67 per cent, to settle the year-to-date return at 21.53 per cent, after recording a negative performance last week. There were 27 gainers and 21) losers.