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Equity market extends gains with N125bn


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Nigerian stocks on Thursday sustained its positive outlook as the overall performance measures, NSE ASI and market capitalisation, rose further by 0.56 per cent each.
Market watchers attributed the development to renewed confidence as bargain hunters continue to leverage on undervalued stocks.
The market breath however closed positive as the number of gainers at the close of trading session was 28 while decliners closed at 22.
Consequently, the All-Share Index gained 238.65 basis points or 0.56 per cent to close at 42,169.41 index points as against 41,930.73 recorded the previous day while the market capitalisation of equities appreciated by N125bn to close at N21.934tn from N21.93tn as market sentiment remained on the green zone. ....

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