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By Goddy Egene
The Nigerian Exchange (NGX) Limited All-Share Index (ASI) rose 0.2 per cent to close higher at 38,548.24 as the market extended its recovery for the second day.
The appreciation was supported by gains recorded by MTN Nigeria Plc, FCMB Group Plc and Lafarge Africa Plc. Market capitalisation added N34.3 billion to close at N20.1 trillion. Similarly, the volume and value of trading improved 59.1 per cent and 41.2 per cent to 249.7 million shares and N1.9 billion respectively.
The most traded stocks by volume were Sovereign Trust Insurance Plc (35.5 million shares), FCMB Group Plc (22.7 million shares), and AXA Mansard Insurance Plc (16.9 million shares) while Stanbic IBTC Holdings Plc (N182.9 million), Lafarge Africa Plc (N100.3 million), and MTN Nigeria Plc(N99.2 million) led by value.
Price gains in many blue-chip stocks, especially Johnholt and ABC Transport, aided transactions on the Nigerian Exchange Limited (NGX) in sustaining its bulls’ run at the end of yesterday’s transactions.
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