Stock Market Rebounds, Adds N1.52trn After Days Of Sell-Offs

The Nigerian equities market rebounded strongly at the start of the week after several consecutive sessions of losses, with a gain of N1.518 trillion, as renewed buying interest lifted investor sentiment across the bourse.
The All-Share Index (ASI) gained 2,277.92 points, representing a gain of 0.97 per cent to close at 238,219.19 points. Also, market capitalisation rose by N1.518 trillion to close at N152.845 trillion.
The upturn was driven by price appreciation in large and medium capitalised stocks amongst which are; MTN Nigerian Communications, Guaranty Trust Holding Company (GTCO), Zenith Bank, First Holdco and Lafarge Africa.
On market performance, Imperial Asset Managers Limi...