Home Feature Dangote Cement Leads As Stock Market Sustains Gain

Dangote Cement Leads As Stock Market Sustains Gain

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Fatima Haliru —

Thanks to Dangote Cement Plc which led the gainers league which includes MRS, the Nigeria stock market yesterday witnessed another session of positive close, rising by 1.07percent or N253billion.

Dangote Cement moved up from preceding day low of N221.30 to N238.50, up by N17.20 or 7.77 percent, followed by MRS which increased from N11.70 to N12.85 up by N1.15 or 9.83percent.

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The Nigerian Exchange Limited (NGX) benchmark performance indicator – the All-Share Index (ASI) and equities market capitalisation – increased from preceding day’s lows of 43,477.48 points and N23.681trillion respectively to 43,942.82 points and N23.934trillion.

The record positive on yesterday also helped push higher equities market’s positive return year-to-date (YtD) to 2.87percent.

In 3,188 deals, investors exchanged 405,004,749 valued at N3.096billion. Sterling Bank, Access Corporation, Transcorp, GTCO and Zenith Bank were top-5 traded stocks on the Nigerian Exchange Limited (NGX).

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