NSE market indices open week with 1.46 per cent growth

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The All-Share Index (ASI), which opened at 24,427.73 points, rose by 355.88 points or 1.46 per cent to close at 24,783.61, compared...

opened new week on Monday on an upward trend with key indicators appreciating by 1.46 per cent.

The upturn was impacted by gains recorded in large and medium capitalised stocks, amongst which are: Dangote Cement, Guaraty Trust Bank, Lafarge Africa, Zenith Bank and United Bank for Africa. “However, buying interests are expected to continue in the tier-one banks and resurface in some blue-chip companies that usually pay interim dividend for half-year,” they said.

Neimeth grew by 7.14 per cent to close at N1.50, while Dangote Cement appreciated by 5.66 per cent to close at N141.80 per share. Lafarge Africa followed with 28.07 million shares worth N335.84 million, while FBN Holdings traded 9.95 million shares valued at N49.77 million.

 

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