Dangote Cement, six others halt stocks’ losing streak

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The nation’s stock market halted its eight-day losing streak on Thursday on the back of the price appreciation recorded by Dangote Cement Plc and six other stocks.

The market, which had declined for eighth straight trading sessions amid negative sentiment, rebounded on Thursday despite the losses recorded by 46 stocks.

The top five gainers at the end of trading on the floor of the NSE were Dangote Cement, Mutual Benefits Assurance Plc, Sovereign Trust Insurance Plc, Vitafoam Nigeria Plc and Unilever Nigeria Plc. Sovereign Trust Insurance rose by 3.7 per cent to close at N0.28 per share; Vitafoam was up 3.33 per cent to close at N9.30 per share, while Unilever Nigeria gained 2.57 per cent to close at N13.95 per share.

Nigerian Aviation Handling Company Plc shed 9.96 per cent to close at N2.08 per share; Northern Nigeria Flour Mills Plc fell by 9.88 per cent to N7.02 per share; while Portland Paints & Products Nigeria Plc lost 9.84 per cent to close at N2.84 per share.

 

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