Daily stock summary 20/12/2018

Equities rebound as insurance stocks lift NSE’s indices by N44b

Daily stock summary 20/12/2018

Equities rebound as insurance stocks lift NSE’s indices by N44b

Equities rebound as insurance stocks lift NSE’s indices by N44b

Equities rebound – Price gains recorded by many blue-chip stocks especially by Veritas Kapital Assurance and Law Union and Rock Insurance, aided transactions on the equity sector of the Nigerian Stock Exchange (NSE) to close in an upbeat yesterday, as market capitalisation increased by N44 billion.

At the close of transactions yesterday, the Nigerian equities market recorded improved performance, recouping some of the losses from the previous trading session due to gains in 23 stocks.

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Specifically, the All Share Index (ASI) rose by 103.99 absolute points, representing an increase of 0.34 per cent to close at 30,718.72 points. Similarly, the market capitalisation increased by N44 billion, closing at N11.221 trillion.

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