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NSE: Nestle, Presco, Dangote Sugar lead gainers as Monday trade ends on a bullish note



Equities market maintains uptick as ASI up 88bps

Blue-chip stocks dominated Monday’s gainers’ list, thus leading the Nigerian bourse further on its bullish trend as the Exchange recorded five straight days of positive results across its key performance parameters. It is cheering that the bull is having its moment now that Yuletide is round the corner and, if the momentum is sustained a little further into December, investors should be in for a blissful Christmas.

The All Share Index (ASI) climbed higher by 0.16% to 27,035.78 basis points today as market capitalisation closed at N13.049 trillion, its highest in one week. Year to date, the index is down by 13.98%.


Food processing giant, NESTLE Nigeria Plc was chief among gainers, surging ahead others by 6.12% to close Monday’s trade at N1300. PRESCO appreciated by 9.39% to end the day at N37.85. Dangote Sugar came next, advancing by 8.24% to close at N13.8. The share price of Cadbury closed N9.8, indicating an 8.89% gain at the end of Monday trade. GTB completed the top five club, notching up 0.68% gain and closing at N29.6.

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Okomu Oil PLC went down by 9.73% to end the day at N49.65. FBN Holdings lost 7.33% of its share price, closing at N6.95. WAPCO dipped by 2.10% to end trade at N14. Access bank slid marginally to 2.49%. UBA fell by 2% to N7.35 to end today’s trade.


Zenith Bank was the most preferred stock at today’s as 42.338 million shares priced at N798.186 million were traded in 689 transactions. GTB traded 26.015 million shares valued at N775.728 million in 244 deals. 16.747 million units of Transcorp shares estimated at N17.207 million exchanged hands in 96 deals. Fidelity Bank had 15.152 million of its shares traded for N30.771 million in 146 transactions to complete the top 5 stocks on the activity chart.


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