The All-Share Index (ASI) gained 381.78 absolute points, representing a gain of 1.10 per cent to close at 35,225.22 points. Similarly, the overall market capitalisation value also appreciated by N200 billion to close at N18.411 trillion.
The uptrend was driven by price appreciation in medium and large capitalised stocks – Dangote Cement, Lafarge Africa, Zenith Bank, Guaranty Trust Bank and Guinness Nigeria.
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Market sentiment, as measured by breadth, was positive, as 29 stocks gained, relative to 14 losers. Lasaco Assurance recorded the highest price gain of 10 per cent to close at 33 kobo. AXA Mansard Insurance followed with a gain of 9.38 per cent to close at 70 kobo while FTN Cocoa Processors rose by 8.33 per cent to close at 52 kobo.