While, the chief operating office of InvestData Consulting Limited, Mr Ambrose Omordion said the market has been bullish right from the beginning of the year.
He said “the corporate full year earnings and dividend declarations from Ucap, African Prudential, Nascon, Dangote Sugar, Transcorp Hotel and others are expected to support the prevailing strong momentum in the equity space. Already, many companies have notified investors of approvals of their 2022 audited results, and the recommendation of dividends for the period, following which such results should hit the market any moment from now.
Dangote Sugar Refinery followed with a gain of 9.94 per cent to close at N19.35, while McNichols up by 9.72 per cent to close at 79 kobo, per share. Chams Holding Company lost 7.14 per cent to close at 26 kobo, while Nigerian Exchange Group shed 6.55 per cent to close at N27.10, per share.