Stock market rises by 1.01% as Dangote Cement rallies

Transactions on the floor of the Nigerian Exchange on Thursday closed on a positive note, occasioned by 5.52% growth in the share price of Dangote Cement.

The All Share Index appreciated by 1.01% to close at 45,890.52 points from the previous close of 45,430.14 points.

The Market Capitalisation appreciated by 1.01% to close at N24.725 trillion from the previous close of N24.477 trillion, thereby gaining N248 billion.

An aggregate of 873.49 million units of shares were traded in 4,342 deals, valued at N31.54 billion.

The Market Breadth closed positive as 27 equities appreciated in their share prices against 9 equities that declined in their share prices.

Percentage Gainers

Northern Nigerian Flour Mills led other gainers with 9.92% growth to close at N7.2 from the previous close of N6.55.

Learn Africa and Cadbury among other gainers also grew their share prices by 9.32% and 7.95% respectively.

Percentage Losers

Dangote Sugar led other price decliners as it shed 2.74% of its share price to close at N17.75 from the previous close of N18.25.

Stanbic IBTC and Ardova among other price decliners also shed their share prices by 2.70% and 2.60% respectively.

Volume Drivers

Dangote Cement traded about 102.92 million units of its shares in 448 deals, valued at about N28.78 billion.

FBNH traded about 54.04 million units of its shares in 193 deals, valued at N647.96 million.

Transcorp traded about 34.1 million units of its shares in 154 deals, valued at N34.7 million.

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