Dangote Cement, other major advancers drive N842bn gain on NGX

…YtD return reaches 6.07%

Remarkable rally seen in stocks like Dangote Cement Plc and other major advancers like PZ Cussons and Sunu Assurances caused the Nigerian equities market to increase further by 1.25 percent or N842billion at the close of trading on Thursday.

Dangote Cement led the advancers after its share price moved from a low of N431 to N474.10, adding N43.10 or 10 percent. PZ Cussons also rose from N23.60 to N25.95, up by N2.35 or 9.96 percent, followed by Sunu Assurances which increased from preceding day’s low of N5.70 to N6.27, adding 57kobo or 10 percent.

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The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and equities Market Capitalisation increased further on Thursday from preceding trading day’s lows of 107,822.53 points and N67.274 trillion respectively to 109,171.82 points and N68.116trillion.

Investors in 16,342 deals exchanged 427,083,009 shares worth N9.196billion. Stocks like Universal Insurance, Wema Bank, Sterling, AIICO and Fidelity Bank were actively traded on the Nigerian Exchange.

The market’s year-to-date (YtD) return also increased further to 6.07 percent. The market has risen this week by 3.06 percent and this month by 4.47 percent.