NGX halts bearish trend, gains N382bn in single day

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The Nigerian stock market rebounded on Wednesday to halt the bearish sentiment of two consecutive trading days with a growth of N382 billion.

The News Agency of Nigeria (NAN) reports that the market capitalisation rose by N382 billion or 1.89 per cent to close at N20.627 trillion from N20.245 trillion on Tuesday.

Also, the benchmark index closed higher by 733.30 points or 1.89 per cent to 39,592.29 – the most significant single-day gain since January 4 from 38,858.99 posted on Tuesday.

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