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Dangote shareholders gain N293 billion as stock market extends gains

16Mar

By Emeka OkaforNo Comments

Reports

Dangote shareholders gain N293 billion as stock market extends gains

At the end of today’s trading session, Dangote Cement Plc investors had accrued around N293 billion due to the favorable sentiment observed on shares of certain blue-chip firms listed on the Nigerian Exchange. Investigations showed that the stock rose from N221.30 per share the day prior by 7.77% to N238.50 per share. According to further analysis, Dangote Cement concluded the day on the Nigerian Stock Exchange (NGX) at N238.50 per share and N4.064 trillion in market capitalization, compared to N221 per share and N3.771 trillion the previous day, marking a gain of N293 billion or 7.77%. The domestic Bourse (NGX), on the other hand, finished positively while the market was optimistic, with bulls dominating the activity for the second consecutive day. In contrast to the previou...

Investors gain N262 billion as NGX closes on bullish note

The Nigerian Exchange Limited (NGX) concluded with a gain of N262 billion as the bulls reclaimed command and propelled the overall market upward by 481.51 basis points. At its closing figure of 44,492.73 points, the All Share Index (ASI) had improved by 1.09%. The market capitalization similarly rose by N262 billion. The BGX market valuation was N24.2 trillion as of Friday, November 18, 2022, when trading wrapped up. By the end of today’s trading, FIDSON topped 11 decliners while NB led 20 risers in the market’s favorable closing spectrum. The stock market has improved by 1,776.29 basis points, which translates to 4.15%, since the year's onset. Market Indices NGX ASI: 44,492.73 points Prior ASI: 44,011.22 points % Daily Change: 1.09% % Year-to-Date: 4.15% ...

Investors gain as equity market sustains positive sentiment

Bulls maintained dominance over the local market as trading on the floor of the Nigerian Exchange (NGX) concluded the day with an increase of N145 billion in market capitalization. The All Share Index (ASI), which finished at 44,929.33 points, rose by 0.59%. Similarly, the market capitalization grew by N145 billion. The stock exchange market worth is N24.4 trillion as of the end of trading on Tuesday, November 22, 2022. Market breadth concluded the day in the positive spectrum, with UPDCREIT spearheading 27 gainers and RTBRISCOE at the forefront of 8 losers. The stock market has ascended by 2212.89 basis points, or 5.18%, since the start of the year. Market indicators NGX ASI: 44,929.33 points Prior ASI: 44,662.96 points % Daily Change: 0.59% % Year-to-Dat...