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BUSINESS & ECONOMYCapital MarketCOVERNEWSLETTER

NSE Trading Resumes Upward Trajectory as Index Gains 1.41%

Transactions on the floor of the Nigerian Stock Exchange, NSE, closed in the Green Zone on Monday, February 29, as the All Share Index gained 1.41per cent to close at 24,570.73 points from 24,228.79 on Friday, February 26.
Similarly, market capitalization also jumped from N8.336 trillion to N8.452 trillion.

The market recorded 18 gainers led by Dangote Cement with a gain of N6.75 or 5.00 per cent to N141.75 followed by ETI with a gain of N0.79 or 4.95 per cent to close at N16.75 while Fidson gained N0.12 or 4.92 per cent to close at N2.56 per share.

On the other hand, Wema Bank topped 18 stocks on the losers’ chart with N0.07 loss or 7.29 per cent to close at N0.89 followed by Oando that lost N0.23 or 7.19 per cent to close at N2.97 per share, and Ikeja Hotel that lost N0.15 or 4.97 per cent to close at N2.87 per share.

All together, a total of 467,239,221 shares worth N1.489 billion exchanged hands in 2,549 deals.

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