Gains persist on Equities Market, Benchmark Index rises by 1.01%   

Toyin Ajadi, Lagos

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For the second consecutive day this week, the market closed on a positive note as the all share index appreciated by 1.01% to close at 45,892.52 as against 45,430.14 on Wednesday.

 

The market capitalization also inched up by N248 billion to close the day at N24, 742 trillion compared with N24, 476 at the close of trading the previous day.

 

Market sentiment also remained in the positive territory as trading closed with 27 gainers relative to 9 losers.

 

At the end of the day’s trading, a total of 355.91 million shares with market value of N31.24 billion exchanged hands in 4,342 deals.

 

Northern Nigeria Flour Mills topped the gainers table with a gain of N0.65k to close at N7.20k. Learn Africa recorded 0.11k gain to close at N1.29k then Cadbury Nigeria which gained 0.70k to close at N9.50k.

 

On the other hand, Dangote Sugar Refinery came out last after it lost 0.50k to close at N17.75k, followed by Stanbic IBTC Holdings which lost N1.00k to close at N36.00k and Ardova Plc which lost 0.35k to close at N13.10k.

 

Dangote cement recorded the highest volume of 103 million traded shares and it was followed by FBN Holdings with 54 million shares.

 

 

Nneka Ukachukwu

 

 

 

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