Stock market rises by 1.30% on price appreciation in Dangote Cement

Transactions on the floor of the Nigerian Exchange on Monday closed on a positive note, driven by 9.99% growth in the share price of Dangote Cement and other 23 stocks that made the green table.

The All Share Index rose by 1.30% to close at 95,768.12 points from the previous close of 94,538.12 points.

The Market Capitalisation appreciated by 1.30% to close at N52.408 trillion from the previous close of N51.735 trillion, thereby gaining N673 billion.

An aggregate of 721.8 million units of shares were traded in 15,757 deals, valued at N14.4 billion.

The Market Breadth closed negative as 24 equities appreciated in their share prices against 47 equities that declined in their share prices.

Percentage Gainers

Sunu Assurance led other gainers with 10.00% growth to close at N1.98 from the previous close of 1.80.

Dangote Cement, TRIPPLEG and ETERNA OIL among other gainers also grew their share prices by 9.99%, 9.81% and 9.80% respectively.

Percentage Losers

Flour Mills, Universal Press, MCNICHOLS, CADBURY and Sovereign Trust Insurance led other price decliners shedding 10.00% each of their share prices.

Jaiz Bank and Wema Bank among other price decliners also shed their share prices by 9.86% and 9.58% respectively.

Volume Drivers

TRANSCORP traded about 66.5 million units of its shares in 1,114 deals, valued at about N1.23 billion.

ACCESSCORP traded about 40 million units of its shares in 601 deals, valued at N1.17 billion.

UBA traded about 27.8 million units of its shares in 639 deals, valued at about N864.8 million.