NSE record’s gain after long week of loss
The Nigerian Stock Exchange (NSE) on Wednesday recorded the first gain in long week, bringing an end to the negative trend on Dangote Cement and Lafarge Africa.
The All-Share Index however, increased by 575.18 points or 1.68 per cent to close at 34,818.01 compared with 34,242.83 posted on Tuesday.
Thereby Increasing the growth from month-to-date and year-to-date gains to 14.0 per cent and 29.7 per cent, respectively.
In a related growth, investors gained N301 billion as the market capitalisation closed higher at N18.193 trillion from N17.892 trillion on Tuesday, an increase of 1.68 per cent.
The uptrend was impacted by gains recorded in large and medium capitalised stocks, amongst which are; Dangote Cement, Nigerian Breweries, Lafarge Africa, Dangote Sugar Refinery and Zenith Bank.