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Business News

Domestic Bourse Rebounds by 0.03% on Renewed Bargain-Hunting

Bargain Hunting

By Dipo Olowookere The Nigerian Exchange (NGX) Limited rebounded marginally by 0.03 per cent on Thursday following renewed bargain-hunting in financial stocks. Investors cherry-pick equities trading at lower prices with prospects for price appreciation in the short and medium terms, especially GTCO and others. This left the banking space to close higher by 1.06 per cent, with the insurance sector rising by 0.47 per cent, and the industrial goods index up by 0.04 per cent. However, the consumer goods sector depreciated by 0.54 per cent, and the energy counter closed flat. At the close of business, the All-Share Index (ASI)

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