TODAY
December 21, 2020
The Nigerian Stock Exchange (NSE) gained N334 billion on Monday due to buying interest in Dangote Cement and 22 other stocks.
Specifically, the market capitalisation rose by N334 billion or 1.74 per cent to close at N19.570 trillion compared with N19.236 trillion achieved on Friday.
Also, the All-Share Index which opened at 36,804.75 appreciated by 638.65 points or 1.74 per cent to close at 37,443.40.
Accordingly, month-to-date and year-to-date gain increased to 6.9 per cent and 9.5 per cent, respectively.
The Chief Operating Officer, InvestData Ltd., Mr Ambrose Omordion, attributed the bullish run to buying interest in Dangote Cement, due to planned repurchase of 10 per cent announced by the company scheduled for Dec. 30 and 31.
The nation’s bourse on Thursday continued positive run for the fourth straight trading session with the benchmark index crossing 36,000 mark due to interest in Airtel Africa and 29 other stocks.
Specifically, the All-Share Index inched higher by 746.47 points or 2.10 per cent to close at 36,239.62 compared with 35,493.15 recorded on Wednesday.
Consequently, the month-to-date and year-to-date returns increased to 3.4 per cent and 35 per cent, respectively.
Similarly, the market capitalisation appreciated by N390 billion or 2.10 per cent to close at N18.940 trillion from N18.550 trillion on Wednesday.
The uptrend was driven by price appreciation in medium and large capitalised stocks, among which are Airtel Africa, Dangote Cement, Okomu Oil, Unilever Nigeria and Ardova.