Stock Market Consolidates Gains As Investors Reap N235bn

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BY OLUSHOLA BELLO | The domestic stock market yesterday continued its recent bullish trend with a gain of N235 billion or 1.20 per cent, as investors

The domestic stock market yesterday continued its recent bullish trend with a gain of N235 billion or 1.20 per cent, as investors maintained a positive posture on Dangote Cement and 14 others to extend the gaining streak to the seventh successive sessions.

Analysts at Afrinvest Limited said: ‘we remain optimistic about a sustained bullish run in the equities market.’ Dangote Cement grew by 6.34 per cent, to close at N245.00, while Courteville Business Solutions appreciated by 4.76 per cent to close at 22 kobo, per share. On the other hand, Consolidated Hallmark Insurance led the losers’ chart by 10 per cent, to close at 27 kobo, per share. Red Star Express followed with a decline of 9.62 per cent, to close at N3.10, while Associated Bus Company shed 9.09 per cent to close at 30 kobo, per share.

 

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