Bargain hunters rescue equities from bears as index rises 0.6%

Stock bull

Bargain hunters rescue equities from bears as index rises 0.6%   The local bourse retraced midweek’s loss, as bargain buying in DANGCEM (+3.6%) and NESTLE (+1.9%) spurred approximately a 0.6% gain in the benchmark index to 38,931.25 basis points.    Consequently, the Month-to-Date (MtD) and Year-to-Date (YtD) losses moderated to -2.2% and -3.3%, respectively. The total volume traded declined by 24.9% to 368.22 million units, valued at N4.91 billion, and exchanged in 4,437 deals. Trading record shows that UBA was the most traded stock by volume as it’s investors traded…

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