Nigerian equities rebound as benchmark gains 0.20 per cent

Nigeria’s equities benchmark rose 0.20 per cent on Thursday, November 12, as buying in several major counters lifted the market after recent losses.

The NGX All-Share Index closed at 252,366.80 points, compared with 251,861.24 in the previous session, according to Nairametrics.

The report put the increase in market value at about ₦328.26 billion. Seplat, Stanbic IBTC and First HoldCo were among the stocks supporting the advance, while Fidson Healthcare recorded a strong percentage gain.

The positive benchmark did not mean that every listed company rose. Several large counters were unchanged, illustrating how the index can move even when parts of the market remain quiet.

The figures describe the close of a particular trading session, rather than live prices or a forecast of subsequent performance.

For readers tracking the market, the next session will show whether buying broadens beyond the stocks that drove Thursday’s recovery. A single positive close is evidence of a rebound for that day, not a settled trend.

Source: Nairametrics market report.

Featured image: File photograph: Nigerian Stock Exchange building. Photo: usman kadiri / Wikimedia Commons, CC BY-SA 3.0. Resized for display.