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Capital market records N84.4bn gain at Wednesday trading

Equities market maintains uptick as ASI up 88bps

Trading session at the Nigerian Stock Exchange, on Wednesday, posted another bullish performance as investors’ wealth increased by N84.4 billion.

Consequently, market capitalisation inched to N11.3tn, while the All Share Index (ASI) advanced 76 bps to settle at 29,970.86 points following continued price appreciation in NESTLE (+5.3%), as well as bargain hunting on DANGECM (+1.2%) and ACCESS (+9.9%).

Read also: Nigerian govt in talks with World Bank to secure $1bn loan for power sector

Nevertheless, activity level weakened as volume and value traded declined 32.8 per cent and 30.7 per cent to 216.0m units and N3.2bn respectively.

Ripples Nigeria

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Ripples Nigeria

We are an online newspaper, very passionate about Nigerian politics, business and their leaders. We dig deeper, without borders and without fears.
www.ripplesnigeria.com

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