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Article: Nigeria: Bulls Return, Boost Share Value By N18 Billion.
- Article from:
- TendersInfo
- Article date:
- February 28, 2009
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Byline: Mamta03
The bearish trend in the Nigerian capital market was halted Monday, as the value of listed equities on the Nigerian Stock Exchange (NSE) appreciated by N18.43 billion.
This was occasioned by a rise in the market indices, the market capitalisation and All-share index. The capitalisation appreciated by 0.36 per cent to close at N5.098 trillion from N5.080 trillion at which it opened, while the index rose by 82.37 basis points to close at 22,794.28 points from 22,711.91 points.
The rise in the market indices was driven by gains on the share prices of blue chip companies, with Nestle Nigeria recording the highest share price gain, ...