Impressive earnings releases, interest in blue-chip firms lift Nigerian stocks past N20 trillion mark

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Impressive earnings releases by Cutix and TotalEnergies on Thursday have been accompanied by dividend declarations from both firms.

Nigerian stocks strengthened by N329 billion on Thursday, leaping 1.67 per cent to touch a high last seen barely one month ago on June 18, with market capitalisation crossing N20 trillion.

That development stirred an explosive demand for the companies’ shares, causing the two to top the gainers’ chart and helping the overall gain.

 

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