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DangoteCem, Ecobank Lead Gainers To Lift Market Index

Submitted by LEADERSHIP EDITORS on December 30, 2011 - 5:31am

Imported User:

Trading activities on the floor of the Nigerian Stock Exchange yesterday closed in the green after a days loss as Dangote Cement and Ecobank led other gainers in percentage chart to appreciate the market performance indices.

Consequently, the All-share Index rose by 156.75 basis points or 0.76 per cent to close at 20,773.98 from 20.617.23 recorded on Wednesday while the market capitalisation of equities appreciated by N50 billion   or 0.76 per cent to close at N6.546 trillion from N6.496 trillion recorded the previous day.

Dangote Cement and Ecobank led on the percentage gainers’ table with a gain five per cent each to close at N110.77 and N1.89 per share respectively while Flour Mills Plc followed with a gain of 4.98 per cent  to close at N62.34 per share.

However, Nigerian Breweries and UBA Plc led 18 stocks on the price losers’ table, dropping by five per cent each to close at  N99.37 and N2.47  per share respectively while Forte Oil Plc followed with a loss of 4.99 per cent to close at N11.62 per share.
Meanwhile, a turnover of 303.8 million shares, worth N1.4 billion in 2,490 deals was recorded during the day.

The financial services sector led the market transaction volume with 220 million units valued at N878.4 million exchanged in 1,422 deals.

The banking sub-sector of the financial services sector was the most active during the day (measured by turnover volume); with 133 million shares worth N826.2 million exchanged by investors in 1,320 deals.

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