Nigerian Stocks End On a High For 2nd Consecutive Day

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Nigerian stocks closed on a positive note today as the All Share Index (ASI) was up 3.91% to close at 23,335.01.

This is the second consecutive day this year that the exchange has closed on a positive note, following its 4% rise yesterday.

Here is a snapshot of today’s trading:

ASI: 23,335.01

DEALS: 3,865.00

VOLUME: 242,530,451

VALUE: 1,580,319,992.25

MARKET CAP: 8,025,345,618,419.41

Top gainers for the day:

NESTLE opened at N675.1 and closed at N708.85 gaining N33.75

DANGCEM opened at N123.51 and closed at N128.89 gaining N5.38

WAPCO opened at N80 and closed at N83.47 gaining N3.47

Major Losers for the day:

SEPLAT opened at N159.72 and closed at N151.74 losing N7.98

ASHAKACEM opened at N26.5 and closed at N24 losing N2.5

FLOURMILL opened at N17.85 and closed at N16.35 losing N1.5

Analysts believe that the dramatic recovery of the stock exchange is attributed to activities of bargain hunter taking positions on the oversold market.

The post above and its ensuing comments, if any, is purely the opinion of the writer(s). It therefore should never be considered as an investment advise of any sort. If required, readers should please consult a competent professional financial adviser for any investment decision.


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