Dangote Cement, FBNHoldings, Others Lift Equity Market By N53bn

<h4>Dangote Cement<&sol;h4>&NewLine;<h4><&sol;h4>&NewLine;<p><strong><a href&equals;"https&colon;&sol;&sol;openlife&period;ng&sol;">OpenLife Nigeria<&sol;a><&sol;strong> reports that the equity market rebounded on Thursday from its previous session’s loss&comma; gaining N53 billion&period;<br &sol;>&NewLine;Investor interest in key stocks such as Dangote Cement&comma; FBN Holdings&comma; Guaranty Trust Holding Company&comma; GTCO&comma; and Fidelity Bank&comma; alongside other advancing equities&comma; contributed to the market’s positive performance&period;<br &sol;>&NewLine;The market capitalisation increased by N53 billion&comma; or 0&period;09 per cent rising from N62&period;257 trillion at the opening to N62&period;310 trillion at the close&period;<br &sol;>&NewLine;Similarly&comma; the All-Share Index&comma; ASI&comma; advanced by 0&period;09 per cent&comma; gaining 87&period;11 points to close at 102&comma;183&period;06&comma; compared to 102&comma;095&period;95 reported on Wednesday&period;<br &sol;>&NewLine;This performance brought the Year-To-Date&comma; YTD&comma; return to 0&period;72 per cent&period;<br &sol;>&NewLine;However&comma; in spite the gains&comma; the market breadth closed negative&comma; with 35 gainers against 26 losers&period;<br &sol;>&NewLine;On the losers’ chart&comma; Livestock Feeds led by 60k to close at N5&period;40&comma; Eunisell trailed by N1&period;73 to close at N15&period;63 per share&period;<br &sol;>&NewLine;Neimeth International Pharmaceutical and Regal Insurance lost 7k each to close at N3&period;12 and 68k per share respectively&comma; while Honeywell Flour shed 94k to close at N9&period;21 per share&period;<br &sol;>&NewLine;Conversely&comma; N<a href&equals;"https&colon;&sol;&sol;www&period;vanguardngr&period;com&sol;">orth Nigerian Flour Mill<&sol;a> led the gainers table by N4&period;95 to close at N54&period;45&comma; Dangote Sugar followed by N3&period;65 to close at N40&period;50 per share&period;<br &sol;>&NewLine;John Holt gained 83k to close at N9&period;30&comma; The Initiate Plc added 25k to close at N2&period;80 and Omatek went up by 8k to close at 90k per share&period;<br &sol;>&NewLine;Trade turnover settled higher relative to the previous session&comma; with the value of transactions up by 76&period;82 per cent&period;<br &sol;>&NewLine;A total of 472&period;16 million shares valued at N16&period;70 billion were exchanged in 12&comma;336 deals&comma; compared with 435&period;54 million shares valued at N9&period;44 billion traded in 12&comma;098 deals&comma; posted in the previous session&period;<br &sol;>&NewLine;Meanwhile&comma; GTCO led the activity chart in volume and value with 65&period;05 million shares worth N3&period;77 billion&period;<&sol;p>&NewLine;<p><em><strong>Story by Rukayat Adeyemi<&sol;strong><&sol;em><br &sol;>&NewLine;<em><strong>Culled from NAN<&sol;strong><&sol;em><&sol;p>&NewLine;