Stock market rises by 1.17% on price appreciation in Dangote Cement, others

Transactions on the floor of the Nigerian Exchange on Wednesday closed on a positive note, driven by growth in the share prices of Dangote Cement and other stock on the green table.

The All Share Index rose by 1.17% to close at 107,822.53 points from the previous close of 106,574.98 points.

The Market Capitalisation appreciated by 1.17% to close at N67.274 trillion from the previous close of N66.495 trillion, thereby gaining N779 billion.

An aggregate of 462 million units of shares were traded in 15,629 deals, valued at N10 billion.

The Market Breadth closed positive as 51 equities appreciated in their share prices against 16 equities that declined in their share prices.

Percentage Gainers

Ikeja Hotel and VFDGROUP led other gainers with 10.00% growth each to close at N14.85 from the previous close of N52.80.

Honeywell Flour and Transcorp Hotel among other gainers also grew their share prices by 9.99% and 9.99% respectively.

Percentage Losers

CWG led other price decliners as it shed 8.95% of its share price to close at N8.65 from the previous close of N9.50.

Regency Alliance and LASACO among other price decliners also shed their share prices by 7.89% and 7.25% respectively.

Volume Drivers

Sterling Bank traded about 50 million units of its shares in 374 deals, valued at about N297 million.

ELLALAKE traded about 35 million units of its shares in 454 deals, valued at N133.9 million.

Zenith Bank traded about 26 million units of its shares in 523 deals, valued at about N1.3 billion.

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