BusinessDay

Airtel, Dangote Cement, Lafarge, other stocks cause market’s positive start to new week

…investors gain over N300bn in one day

Nigeria’s stock market stopped its southward movement on Monday, thanks to investors who after previous sessions of market dip saw bargain opportunities in equities like Airtel Africa Plc, Dangote Cement Plc, Guinness Nigeria Plc, and Lafarge Africa Plc.

Stock investors gained about N309billion at the close of the remote trading session which had 4,154 deals.
Equity traders exchanged 208,094,710 units of shares valued at N3.700billion.

Zenith Bank, GTBank, and Access Bank were actively traded equities on the Nigerian Stock Exchange.

The Nigerian Stock Exchange (NSE) All Share Index (ASI) rose by 1.73percent, from 34,250.74 points to 34,843.44 points while the value of listed stocks on the Bourse went up from N17.902 trillion to N18.211trillion.

Read Also: NSE sets Dec. 7 for implementation of 0.08% Stamp Duty on securities transactions

Airtel Africa rallied most after its share price moved from up by N64 or 10percent, from N640 to N704.

Dangote Cement followed after moving up by N5 or 2.73percent, from N183 to N188. Guinness rose by 65kobo or 3.82percent, from N17 to N17.65, while Lafarge Africa share price increased from N20.55 to N21, adding 45kobo or 2.19percent.

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