bellwethers

Interest In Bellwethers Lift Stocks Index By ₦15 Billion

October 24, 2019 1:32 am

Following investors renewed appetite in some bellwether stocks, the Nigerian equities market rebounded yesterday, as market capitalisation appreciated by ₦15 billion.

Specifically, at the close of transactions, the All -Share Index (ASI) rose by 32.11 points or 0.12 percent to 26,397.94 points. Accordingly, investors gained ₦15 billion in value as market capitalisation rose to ₦12.850 trillion.

The upturn was impacted by gains recorded in medium and large capitalised stocks, amongst which were; Dangote Cement, United Bank for Africa (UBA), FBN Holdings, UACN Property Development Company, and Omoluabi Mortgage Bank.

Analysts at Afrinvest Limited said: “Notwithstanding yesterday’s positive performance, we maintain

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