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Nigerian Equity Markets | 25 Nov 2015: Stock Market Rebounds on MPR Cut but Sell Down Persists in Oil & Gas Sector
Lagos, Nigeria, Capital Markets in Africa — After reaching the lowest point since February 2015 in the prior session, the Nigerian equities market rebounded today following cuts in MPR (from 13.0% to 11.0%) by the monetary authorities yesterday. The All Share Index rose 0.5% to settle at 27,743.92pts today. Investors gained a total of N52.3bn as market capitalization increased to N9.5tn. Market activity was mixed as volume and value traded closed 203.8m units (+15.6%) and N2.8tn…
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