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NSE rebounds by 1.70 per cent on investors interest in high yield dividend stocks

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The All-Share Index, which opened at 25,816.57, inched 438.54 points or 1.70 per cent to close at 26,255.11.

The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria November 9, 2016. REUTERS/Afolabi SotundeThe Nigerian domestic equities market on Tuesday rebounded by 1.70 per cent on renewed investors’ interest in high yield dividend stocks.

Also, the market capitalisation rose by N232 billion to close at N13.681 trillion compared with N13.449 trillion posted on Monday. However, analysts at Cordros said the equities market bucked its downward trend following investors’ interests in banking stocks.MTN Nigeria followed with a gain of N5 to close at N115, while Guaranty Trust Bank garnered N1.80 to close at N24.50 per share.

BUA Cement trailed with a loss of N2.75 to close at N34.40, while Dangote Sugar Refinery was down by N1.20 to close at N10.90 per share.

 

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