Dangcem leads bulls to N334bn gain as week opens

Local bourse reclaims N20trn stand after N330bn gain

Dangcem leads bulls to N334bn gain as week opens   Dangote Cement led charges as the Nigerian equity market on Monday sustained its positive outlook to close the opening session of the week in the green territory. Overall, the Nigerian Stock Exchange All Share index (NSEASI) and market capitalisation rose further by 1.73 per cent. This was a record against the odd of flat sentiments, measured by market breadth that closed with emergence of 23 gainers against 23 decliners. Consequently, the All-Share Index grew by 638.65 basis points or 1.73…

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Bulls’ party crashes further as profit-takers shave N46bn off equities Cap

profit-taking, stocks

4.8% price fall in DANGCEM weighs heavily _______________________________________ Profit-taking continued on Thursday in the domestic equities market, a situation well envisaged by market analysts and investors in the light of recent 12-day gaining streak enjoyed by the equities market. At the last trading session, 4.8 per cent fall in the price of DANGCEM stocks weighed heavily on the aggregate value of the market capitalisation as the stock remains most capitalized stocks at the Nigerian Stock Exchange (NSE) with high impact. Thus, the benchmark index ended the session 0.31 per cent…

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Dangcem, WAPCO, 13 other stocks gain N186bn

NSE back above water, Nairobi still in difficulties

The stocks of Dangote Cement, WAPCO Plc and some Tier-1 banks have spurred a gain of N186 billion on Monday as the trading activities commenced on the floor of Nigerian Stock Exchange (NSE). The profit of the day was a recovery from the bearish outlook of the last trading session. Market benchmark indicator, the All-Share Index (ASI) jumped by 1.46 per cent as it added 355.88 points to close at N24,783.61 basis points. Similarly, valuation of the total listed equities in the market jacked up by N186 billion to close…

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NSE escapes danger zone as stocks rebound with N177bn gain

stocks investment, equities

After five consecutive bearish days, the Nigerian Stock Exchange (NSE) pulled away from the danger zone following N177 billion collective profit posted by some nine stocks. Dangote Cement Plc (Dangcem) led the gaining camp to give impetus to the market drive in a struggle with nine other securities that closed the day negative led by BUACEMENT. The development came as a fulfillment of earlier forecast by market pundits who predicted fund inflow into the equity assets as rising inflation threatens other investment  windows returns in the midst of  more earnings…

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