The Nigerian Stock Exchange All-Share Index rebounded by 0.41 per cent on Tuesday to close at 38,720.81 basis points on bargain-hunting activity.
The market capitalisation rose by 0.41 per cent or N83.17bn to close at N20.26trn.
At the close of the day’s trading, 20 stocks recorded losses while 11 gained.
The bullish sentiment reduced the year-to-date loss of the ASI to -3.84 per cent.
The rebound was driven by positive sentiment in blue-chip stocks such as Dangote Cement, MTN Nigeria Communications and Guinness Nigeria, which soared by 3.55 per cent, 1.20 per cent and 10 per cent respectively.
The sectoral performance was mixed as two out of five indices tracked closed in the green zone. The consumer goods and industrial indices rose by 0.23 per cent and 1.70 per cent respectively.
While the banking and the insurance indices fell 3.51 per cent and 1.07 per cent respectively, the oil and gas index closed flat.
The trading activity was positive as total deals, volume and value of stocks traded rose.
The total volume of trade was up by 19.69 per cent to 220.85 million units valued at N4.21bn in 4,192 deals.
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