By Goddy Egene
The Nigerian equities market opened the week on a bullish note as investors continued to react positively to nine month corporate earnings of companies. Gains by 17 stocks, including market leader, Dangote Cement Plc, Zenith Bank Plc, Guaranty Trust Bank Plc and Stanbic IBTC Holdings Plc, lifted the market capitalisation by N105 billion to N12.119 trillion.
The NSE All-Share Index appreciated by 0.88 per cent to close higher at 33,196.07, thus moderating the year-to-date decline to 13.2 per cent. Although the market recorded 17 price gainers and losers apiece, bellwethers among the price gainers influenced the positive close for the day.
However, Consolidated Hallmark Insurance Plc led the price gainers with 10 per cent, trailed by LASACO Assurance Plc with 6.6 per cent. Stanbic IBTC Holdings Plc chalked up 6.5 per cent, while…
Read More…..Thisday Newspapers
