Nigeria’s stock market closed in the green (+1.40percent) on Thursday July 23, 2020, thanks to Dangote Cement Plc, MTNN, and other notable counters.
Gains in these stocks and others helped to halt records of negative trading session seen this week. Investors gained about N177billion at the close of the remote trading session on the Nigerian Stock Exchange (NSE).
This week, the market has gained by 0.92 percent; while its month-to-date (MtD) it has increased by 0.14 percent, moderating the negative return this year to 8.68percent.
Dangote Cement Plc increased most from N122 to N134.2, adding N12.2 or 10percent. MTNN also rose from N119 to N120, adding N1 or 0.84percent. Also, Custodian rallied from N4.85 to N5, adding 15kobo or 3.09percent.
Africa Prudential went up from N4.01 to N4.12, adding 11kobo or 2.74percent, while FBN Holdings advanced from N4.95 to N5, up by 5kobo or 1.01percent.
In 2,986 deals, stock dealers exchanged 164,289,152 units valued at N2.125billion. FBN Holdings, Custodian, Zenith Bank, GTBank, and UBA were actively traded stocks on the Bourse.
The value of listed stocks increased to N12.787trillion while the Nigerian Stock Exchange All Share Index (ASI) rose to 24,512.27 points as against preceding day low of N12.610trillion and 24,173.53 points respectively.
