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Nigerian Stock Exchange makes a Rebound in Market, Here’s Why

Trading on the Nigerian Stock Exchange (NSE) rallied on Thursday following renewed positive sentiment in banking and oil and gas stocks after dropping for two consecutive days.

Specifically, the All-Share Index which opened at 26,790.10 increased by 34.40 points or 0.13 per cent to close at 26,824.50.

Also, the market capitalisation inched N17 billion to close at N12.947 trillion compared with N12.930 trillion recorded on Wednesday.

The uptrend was impacted by gains recorded in large and medium capitalised stocks, amongst which are; Cadbury Nigeria, Glaxo Smithkline Consumer Nigeria, UACN, FBN Holdings and Oando.