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Article: Nigeria: Blue chip stocks boost indices.
- Article from:
- TendersInfo
- Article date:
- November 12, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: sander03
HEAVY share price gains in the stocks of some blue chip companies, especially in the breweries sub-sector, yesterday jerked up the market indices further by 2.1 per cent.
Precisely, at the close of trading yesterday, price gains outweighed losses, just as corporate performance indices, the All-share index of the Nigerian Stock Exchange rose by 764.97 points or 2.1 per cent, from 3497.05 recorded when the market began on Monday to 35,738.02 yesterday, while market capitalisation increased by N168 billion, from N7.672 trillion to N7.840 trillion.
On the activities chart, the banking sub-sector maintained its dominance in volume ...