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All-Share Index Rises 0.8% as Market Sustains Positive Momentum


By Goddy Egene
The stock market recorded further growth yesterday as the Nigerian Stock Exchange (NSE) All-Share Index (ASI) rose 0.8 per cent to close at 39,110.17, while the market capitalisation added N167.6 billion to close at N20.4 trillion.
Although nine stocks appreciated compared with 20 stocks that depreciated, the performance was buoyed by strong demand for the shares BUA Cement Plc( 6.7 per cent), Zenith Bank Plc (2.0 per cent) and Access Bank Plc.
However, Jaiz Bank Plc led the price gainers’ chart with 10 per cent trailed by NEM Insurance Plc with 9.5 per cent. LASACO Assurance Plc chalked up 8.8 per cent, just as NPF Microfinance Bank Plc and Japaul Gold and Ventures Plc gained 8.3 per cent apiece. ....

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