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Nigerian Stocks Rebound by 0.62% as Investor Sentiment Recovers

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Nigerian Stocks Rebound by 0.62% as Investor Sentiment Recovers

12 Feb, 2024

The Nigerian Exchange (NGX) Limited rebounded by 0.62 per cent on Friday after four days in the bears’ territory as a result of sustained selling pressure.However, an improvement in investor confidence in Nigerian stocks triggered the growth reported on the last trading session of the week.Business Post reports that investor sentiment turned bullish yesterday after the bourse finished with 39 appreciating stocks and 26 depreciating stocks, indicating a positive market breadth index.

May & Baker was the best-performing equity after it jumped by 10.00 per cent to N7.04, Geregu Power expanded by 9.92 per cent to N675.90, Meyer rose by 9.86 per cent to N6.91, Veritas Kapital gained 9.84 per cent to sell at 67 Kobo, and Juli increased by 9.78 per cent to N1.01.

 
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