NSE indices up 1.85%

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Floor of The Nigerian Stock Exchange

Activities on the Nigerian Stock Exchange (NSE) closed on a bullish trend on Friday with the market indices improving further by 1.85 percent, following investors reaction to Dangote Cement plant commissioning.

The market capitalisation inched N236 billion or 1.85 percent to close at N13.009 trillion compared with N12.773 trillion achieved on Thursday.

Also, the All-Share Index which opened at 36,688.75 rose by 677.16 points or 1.85 percent to close at 37,365.91.

Dangote Cement led the gainers’ table with N10 to close at N240 per share.

Mr Ambrose Omordion, the Chief Operating Officer, InvesData Ltd., attributed Dangote Cement gain to investors reaction to the 300 million dollars Mfila plant commissioned by the company in Republic of Congo on Nov.23.

Omordion said that the Mfila plant, estimated at 300 million dollars, had potential for…

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