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Investors gain N213bn as stocks appreciate

The market maintained the previous session’s uptrend as the benchmark index rose one per cent  to settle at 39,512.31 points following price upticks in BUA…

The market maintained the previous session’s uptrend as the benchmark index rose one per cent  to settle at 39,512.31 points following price upticks in BUA Cement (+10%), International Brewery (+10%) and FBNH (+1.4%).

Accordingly, the year to date return improved to 47.2% and market capitalisation advanced ₦213.4 billion to settle at ₦20.7 trillion.

Activity level was mixed as volume traded declined 48.4percent to 372.9m units while value traded rose 162.6percent to ₦11.5bn. The most traded stocks by volume were UBA (60.6m units), Dangote Cement (33.2m units) and Zenith (27.5m units) while Dangote Cement  (₦8.0bn), Zenith (₦690.9m) and UBA (₦524.7m) led by value.