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Ministers' Inauguration: NSE market capitalisation increases further by N135bn

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Trading on the Nigerian Stock Exchange (NSE) sustained positive trend on Thursday as investors continued to react to the swearing in of new ministers.

) sustained positive trend on Thursday as investors continued to react to the swearing in of new ministers.

A chartered stockbroker and Chief Executive Officer, Sofunix Investment and Communications, Sola Oni, ascribed the upward trend to the swearing in of the ministers as a symbol of commencement of economic recovery. “Our market is forward looking and investors buy into future of companies with expectation of better returns.

MTN Nigeria Communications followed with a gain of N2 to close at N138, while Dangote Cement improved by N1 to close at N167 per share.Stanbic IBTC increased by 70k to close at N35, while Ecobank Transnational Incorporated went up by 65k to close at N7.50 per share. Consequently, Zenith Bank emerged investors delight, accounting for 54.31 million shares worth N977.54 million.

 

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