• Sunday, May 19, 2024
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BusinessDay

Dangote Cement leads gainers at Nigerian Bourse

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 Dangote Cement plc yesterday led other stocks in the price gainers chart after it garnered N4.10kobo, from an opening level of N157 to N161.10.

This feat comes on the heels of the entire Nigerian stock market recording marginal gains evidenced in the market’s performance indicators.

The NSE All Share Index (ASI) rose slightly to 33,352.96 points against the preceding trading day’s level 33,334.67 points, while the equities market capitalisation closed at N10.661trillion against N10.656trillion.

This was achieved as equity dealers in 6,183 deals exchanged 766,566,445 shares valued at N9.354billion. Deals in five banks – Wema Bank, Ecobank Transnational, Skye Bank, Zenith Bank, and FBN Holdings helped to boost the market volume.

Other top gainers are PZ Cussons Nigeria plc which rose from N35.67 to N39, after it added N3.33. Also, BOC Gas plc gained N0.50, after its share price from N8 to N8.50; Unilever Nigeria plc appreciated from N52 to N52.41, adding N0.41; while Zenith Bank plc made the list of top gainers after its share price rallied from N19.04 to N19.40, adding N0.36.

On the losers side, Nestle Nigeria plc led after its share price dropped from N936.01 to N922, losing N14.01; Julius Berger lost N2.01, from N53.91 to N51.90; followed by Presco plc which declined from N25.57 to N24, losing N1.57. Other stocks that lost are Flour Mill plc which declined from N77.40 to N76.11, losing N1.29; while Ashaka Cement plc declined from N25.97 to N25, shedding N0.97. 

 

IHEANYI NWACHUKWU