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The NGX started the week on a positive note as a second round of bargains from investors stopped fresh selling pressure, Buying interest in the banking sector pushed up the sector gain to 4.84% as insurance, consumed record lossesOverall, transactions on the NGX showed an upward trend as the traded volume rose by 8.04% and value increased by 47.77%
Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
The Nigerian Exchange (NGX) Limited opened the week with a rebound of 0.97% on Monday, June 22, as bargain hunters aimed to cash in on the recent market decline.
The uptick in the market was supported by bargain demand for banking stocks, especially those of First Holdco, GTCO, and Zenith Bank, as investors rebalanced their portfolios and took new positions in perceived bargains.
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