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The NGX All-Share Index edged up on Wednesday, August 6, ending two consecutive sessions of lossesGains in FIRSTHOLDCO, Nestlé, and Wema Bank drove the recovery despite more stocks falling than risingInvestors traded 824.06 million shares worth N25.47 billion across 48,114 deals during the session
Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
The Nigerian stock market rebounded on Wednesday, August 6, ending a two-day losing streak as renewed buying interest in large-cap stocks lifted the benchmark index and added N70.62 billion to investors’ wealth.
Data showed that gains in bellwether stocks, including FIRSTHOLDCO, Nestlé, and Wema Bank, outweighed widespread profit-taking across several sectors, helping the market close in positive territory despite more decliners than gainers.
Investors smile as Nigerian equities market rebounds with N70.62bn profit. Photo: AFPSource: Getty Images
The market’s year-to-date return improved to 57.39% after investors
