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Friday, 22 December 2017

Nigeria stock index up 0.45 pct, driven by Dangote Cement, Seplat, Access Bank

Nigeria stock index closed higher on Friday, gaining 0.45 percent to close to 38,522.14 points, compared with the appreciation of 1.10 percent posted the previous day.Image result for Nigeria stock market

The market has risen 43.34 percent year-to-date, swelled by increased offshore interest in Nigeria's equity market. The market was also up 0.22 percent week-on-week.
Dangote Cement, which accounts for a third of the market capitalisation gained the most, followed by Access Bank, Seplat, Dangote Sugar and Transcorp.
The market capitalization appreciated 0.45 percent to close at 13.71 trillion, compared with the appreciation of 1.10 percent recorded the previous day to close at 13.65 trillion.
Transcorp, Fidelity Bank and FBN Holdings emerged the three most actively traded stocks, with investors bought and sold 83.71 million naira worth of Transcorp shares, 15.46 million in Fidelity Bank and 12.69 million in FBN Holdings.
 

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