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NSE maintain bullish trend, investors networth rallied by N191bn

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The Nigerian Stock Exchange (NSE) sustained a bullish trend on Friday with the market capitalisation rising further by N191 billion due to Nestle gain.

The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria November 9, 2016. REUTERS/Afolabi Sotundesustained a bullish trend on Friday with the market capitalisation rising further by N191 billion due to Nestle gain.

Also, the All-Share Index which opened at 22,554.84 grew by 366.75 points or 1.63 per cent to close at 22,921.59. Conoil appreciated by N1.55 to close at N17.40, while NASCON improved by 85k to close at N9.35 per share.Cadbury came second with 70k to close at N6.30, while Lafarge Africa dipped 40k to close at N11.60 per share.In spite of the growth by market indicators, the volume of shares traded by investors closed lower.

The banking stocks remained the toast of investors with FBN Holdings emerging the most active, exchanging 47.69 million shares worth N219.71 million.

 

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