Lafarge Africa Boosts Nigerian Stock Market by N254bn, Market Capitalization Hits N25 Trillion.
Investors' demand for Lafarge Africa Plc and 35 other companies boosted the Nigerian stock market by N254 billion. Lafarge Africa's shares appreciated by 10%, contributing to the market's positive performance.
The Nigerian Exchange Limited Index (NGX ASI) gained 0.21%, with market capitalization closing at N25 trillion. Sector performances were mostly positive, with the Insurance index rising by 1%, Industrial Goods Index by 0.7%, and Banking index by 0.6%.
However, the Oil & Gas index declined by 0.1%. Market sentiment remained strong, with 36 stocks advancing and 18 declining.
Notably, Regency Alliance Insurance recorded the highest price gain of 10%. Overall, the market showed resilience and positive investor sentiment.
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