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Stock market extends gain by N77bn

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Nigerian stocks on Wednesday sustained its positive outlook as the overall performance measures, NSE ASI and market capitalisation, rose further by 0.71 per cent each.

Market watchers attributed the development to renew of confidence as bargain hunters leverage undervalued stocks.

The market capitalisation of equities appreciated by N77bn or 071 per cent to close at N10.982tn from N10.905tn as market sentiment remained in the green zone. Premium subsector was the most active ; with 149.3 million shares exchanged by investors in 2,328 deals. Banking subsector boosted by activities in the shares of GTBank Plc and Fidelity Bank Plc followed with a turnover of 137.3 million shares in 825 deals.The number of gainers at the close of trading session was 25 while decliners closed at eight.

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