• Wednesday, December 06, 2023
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Dangote Cement leads market to halt losing streak

Dangote Cement denies running sales promo

Nigeria’s equities market on Thursday stopped its record southward movement after rising by 1.62 percent or N565 billion at the close of the trading session.

The largest cement maker, Dangote Cement Plc led the bull charge on the Nigerian Bourse after its share price rose from the preceding day’s N320 to N349.90, adding N29.90 or 9.34 percent.

It was followed by Chellaram which was also up from N4 to N4.40, adding 40kobo or 10 percent. SCOA also made the top advancers list after it rose from N1.07 to N1.17, adding 10kobo or 9.35 percent.

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Stocks like FBN Holdings, Fidelity Bank, Universal Insurance, Transcorp and UBA were most actively traded as investors in 5,531 deals exchanged 361,197,264 shares worth N5.74billion.

At the close of trading on August 10, the Nigerian Exchange Limited (NGX) All-Share Index (ASI) and its equities market capitalisation increased from the preceding day’s lows of 64,167.39 points and N34.918trillion respectively to 65,204.82 points and

The market’s record positive return year-to-date (YtD) also increased to +27.23percent.