Dangote Cement leads gainers to halt market downtrend

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The Nigerian equity market on Thursday closed on a positive note as Dangote Cement Plc led other gainers to halt the negative sentiment of three consecutive trading days.

The key market performance measures, the All Share Index of the Nigerian Stock Exchange and the market capitalisation, rose by 0.1 per cent as market sentiment returned to gaining streak following positive sentiment on undervalued stocks.

Meanwhile, a turnover of 255.6 million shares exchanged in 4,418 deals was recorded in the day’s trading. Volume in the subsector was largely driven by activities in the shares of Zenith Bank Plc and FBN Holdings Plc.

 

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