NGX rebounds by N111bn after persistent lull

TransactIons rebounded on the Nigerian Exchange (NGX) for the first time after about nine days of persistent downward trend.

Specifically, the market capitalisation rebounded by N111 billion or 0.56 per cent on Friday to close at N19.940 trillion against N19.829 trillion posted on Thursday.

Also, the All-Share Index which opened at 38,044.58 inched higher by 212.41 points or 0.56 per cent to close at 38,256.99.

An analysis of the price movement chart showed  that 30 stocks recorded price growth in contrast with 15 laggards.

Ikeja Hotel led the gainers’ table in percentage terms,…