The Nigerian stock market experienced a strong rebound last week, with investors gaining over N9.3 trillion in just five days.The NGX market capitalisation rose to N156.444 trillion from N147.102 trillion, while the All Share Index surged by 6.4% to close at 243,798.76 points.Heavyweight stocks like Dangote Cement (up 17.51%), Airtel Africa (10%), MTNN (8%), and ARADEL (19.67%) drove the gains.Year-to-Date returns strengthened to 56.8%, reflecting sustained inflows into blue-chip equities.Analysts noted confidence in Nigeria’s market despite global geopolitical risks, with a total turnover of 3.648 billion shares valued at N220.568 billion.The Financial Services Industry led trading activity, contributing 79.48% to equity turnover.This rebound underscores investor optimism and resilience in the Nigerian financial sector.
Original title: Stock market rebounds as investors gain N9.3trn in 5 days
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