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Dangote Cement, May & Baker propel Nigeria’s capital market to N390.9bn gain

The Nigerian capital market was lifted by the 1.46 percent rise in equity capitalization at the close of trading on Wednesday, IgbereTV reports

After eight hours of trading on the floor of the capital market, the market capitalization rose by N390.91 billion from N26.61 trillion to N27 billion today.

Also, the All-Share Index rose by 724.76 basis points to close at 50,075.47, up from 49,350.71 posted on Tuesday.

Investors traded 279.22 million shares worth N2.08 billion in 3,576 deals on Wednesday.

The volume of trading was higher compared with the 140.61 million shares valued at N1.60 billion which exchanged hands in 3,895 deals the previous day.

Dangote Cement led the gainers with N24 to rise from N241 to N265 per share.

NEM gained N0.37kobo to move from N3.74kobo to N4.11kobo per share.

Ellah Lakes’ share value was up by N0.37kobo to end trading with N4 30kobo from N3.93kobo per share

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