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Investors Gain N391Bn As Blue Chip Stocks Boost Capitalization

The Nigerian stock market (NGX) closed positive amidst buy-interests and sell-offs as bulls dominated the session on Thursday leading to investors gaining N391 billion at the end of the day’s trading.

The All-share Index (ASI) appreciated by 1.47% to close at 50.075 index points as against 49,350 index point the previous day.

This is even  as the market capitalization increased by N391 billion or 1.47% to close at N27.009 trillion as against N26.618 trillion the previous day.

Market breadth closed positive with 10 losers against 20 gainers as Wapco Plc led the losers with 8.84% while Dangote Cement Plc led the gainers with 9.96%.

According to information by the NGX, shareholders of Dangote Cement Plc recovered N409 billion it lost the previous day’s trading session.

The cement firm gained by 9.96% to N265 per share from N241 the previous day adding exactly N409 billion to the stock’s value, thereby raising the firm’s capitalization to N4.515 trillion.

 

 

 

 

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