Nigerian Stock Market Indices Record 2.27% Growth

The market indices of the Nigerian Stock Exchange (NSE) on Tuesday rebounded by 2.27 per cent as investors reacted positively to the implementation of the new foreign exchange regime.

Reports claim that market capitalisation rose by N224 billion to close at N10.11 trillion against N9.88 trillion recorded on Monday.

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A file photo of brokers at the floor of the Nigeria stock exchange
A file photo of brokers at the floor of the Nigeria stock exchange

Also, the All-Share Index which opened at 28,769.90 points appreciated by 652.81 points or 2.27 per cent to close at 29,422.71 points amid huge gains by some blue chips.

An analysis of the price movement showed that Nestle topped the gainers’ table with a profit of N21.12 to close at N816 per share.

Dangote Cement came second with a growth of N5.01 to close at N185, while Guinness appreciated by N4.10 to close at N104 per share.

Lafarge Africa increased by N2.90 to close at N77.90 per share and Total Nigeria advanced by N12.30 to close at N179.30 per share.

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Daniel Enisan is a content writer at edliner.com. With a degree in mass communication, Daniel is a full breed journalist. Daniel is a realist, loves the use of sarcasm, a movie and music junkie. He is also a poet and a good listener.

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