By Taiye Olayemi
The Nigerian equities market rebounded on Tuesday as investors gained N653 billion, courtesy of renewed buying interest in large- and mid-cap stocks, including Airtel Africa, Prestige Assurance, Cutix, Regency Alliance Insurance and 15 other gainers.
The market capitalisation rose by N653 billion, or 0.45 per cent, to N147.217 trillion from N146.564 trillion recorded on Monday.
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Similarly, the All-Share Index advanced by 1,017.26 points, or 0.45 per cent, to close at 229,419.18, compared with 228,401.92 at the previous session.
Consequently, the market’s Year-to-Date (YTD) return improved to 47.43 per cent.
However, the market breadth closed negatively with 32 losers and 19 gainers.
Custodian Investment led the losers’ chart by 9.98 per cent, finishing at N65.85, PZ Cussons and RT Briscoe trailed by 9.95 per cent each, closing at N85.50 and N9.95 per share respectively.
UPDC lost by 9.86 per cent, settling at N3.20 and Honeywell Flour declined
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