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Stock Market Rallies Three Days, Gains 0.59% Friday

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It all ended on a positive note on the floor of the Nigerian Stock Exchange as the All Share Index gained 0.59 per cent to close at 23,826.50 points from 23,686.67 on Thursday while market capitalisation also rose from N8.146 trillion to N8.194trillion.

The market recorded 30 gainers today led by Cadbury with a gain of N1.29 or 10.24 per cent to N13.89 followed by NAHCO with a gain of N0.32 or 9.88 per cent to close at N3.56 while Transcorp gained N0.11 or 9.40 per cent to close at N1.28 per share.

On the other hand, Forte Oil topped 12 stocks on the losers’ chart with N16.50 loss or 5 per cent to close at N313.50 followed by Nestle that lost 37.00 or 4.97 per cent to close at N707.15 per share, and Northern Nigeria Flour Mills that lost N0.42 or 4.91 per cent to close at N8.13 per share.

On aggregate, a total of 1,005,167,671 shares worth N1.888 billion exchange hands in 4,229 deals.

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