Equities Market Rises Further as Bulls Consolidate Hold

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Goddy Egene The bulls consolidated their hold on the market yesterday as buying interests in Dangote Cement Plc, MTN Nigeria Plc and Seplat Petroleum Development Company Plc lifted the benchmark in…

The bulls consolidated their hold on the market yesterday as buying interests in Dangote Cement Plc, MTN Nigeria Plc and Seplat Petroleum Development Company Plc lifted the benchmark index further.

The bulls clearly dominated the market as 49 stocks gaineds compared with seven price losers. Champion Breweries Plc led the price gainers with 9.8 per cent, trailed by NASCON Allied Industries Plc with 9.7 per cent. Japaul Gold Ventures Plc and AXA Mansard Insurance Plc chalked up 9.4 per cent apiece.

The Chief Executive Officer of AP, Mr. Olumide Adeosun, had explained that immediately following completion, AP will look to retain the Enyo branded stations which will operate side by side with the AP brand whilst leveraging the strengths of AP and its group companies.

 

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