The Nigerian equities market rebounded, ending an 11-day consecutive losing streak with a gain of N305 billion, following FTSE Russell's confirmation of Nigeria's reclassification from 'Unclassified' to Frontier Market status. The NGX All-Share Index advanced 0.20 per cent to close at 239,156.09 points, pushing the year-to-date return to 53.69 per cent; market capitalization rose by N305 billion to N154.442 trillion.
Gains in medium/large caps: First Holdco, UBA, Access Holdings, AXA Mansard and Abbey Bank; 39 decliners outpaced 19 advancers. Total volume traded fell 31.8% to 499.96 million units valued at N35.15 billion in 40,323 deals; Zenith Bank topped the chart. Source: https://www.westernpost.ng/equities-market-appreciates-by-n305bn-after-ftse-russells-reclassification/
