Nigerian stocks rebound on surging demand for bank shares
FBH Holdings, ETI, Champion Breweries and Access drove the rally, which was partly supported by an almost threefold leap in ...
FBH Holdings, ETI, Champion Breweries and Access drove the rally, which was partly supported by an almost threefold leap in ...
Also helping gains at individual stock level were palm fruit processors Presco and Okomu Oil.
The benchmark index rose 1.18 per cent.The benchmark index rose 1.18 per cent.
The all-share index eased 5.34 points to 38,858.99, while market capitalisation dropped to N20.3 trillion.
Unity led gainers, appreciating by 9.62 per cent to close at N0.57.
That is coming at a time of more attractive yields in the fixed income market.
The index has dwindled 2.53 per cent since January.
The bank' will pay shareholders an interim dividend of N0.30 for every share held by them.
Beer maker Nigerian Breweries, Zenith, Fidelity and Champion Breweries contributed the most to the slide.
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