Nigeria’s stock market gained about N235billion on Tuesday December 22 driven by remarkable rally in stocks like Dangote Cement Plc, Eterna Plc, Cadbury Nigeria Plc, UBA Plc and Zenith Bank Plc.
The shares of Dangote Cement have been rising lately following the company’s notice of share buy-back commencing Thursday December 30.
The Nigerian Stock Exchange (NSE) All Share Index (ASI) and Market Capitalisation moved from 37,443.40 points and N19.570trillion respectively to 37,893.61 points and N19.805trillion at the close of ongoing remote trading session.
The NSE ASI increased by 1.20percent, pushing the week-to-date (WtD) increase to 2.96percent while month-to-date (MtD) the market has increased by 8.14percent. The stock market’s year-to-date (ytd) positive return increased to +41.17percent.
Dangote Cement share price moved up most, from N230.4 to N245, adding N14.6 or 6.34percent. Also, Eterna Plc advanced from N4.1 to N4.51, adding 41kobo or 10percent; Cadbury rose from N8.65 to N9, up by 35kobo or 4.05percent; UBA advanced from N8.2 to N8.4, gaining 20kobo or 2.44percent, while Zenith Bank increased from day open low of N24.3 to N24.5, adding 20kobo or 0.82percent.
In 4,948 deals, investors exchanged 442,220,906 units valued at N10.287billion. Zenith Bank, AXA Mansard, GTBank, Japaul Gold and FBN Holdings were most traded stocks Tuesday on the Nigerian Stock Exchange.
