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Nigeria Stock Exchange Brief: Dangote Cement’s Performance Lifts All Share Index (+1.08%)

By on July 12, 2012

The Nigerian Stock Exchange was boosted upwards significantly todzy based on a stiff increase in the price of Dangote Cement (+4%). the All Share Index gained 1.08% to close at 22,492.96.

Today’s performance places the Year-to-Date performance  of the market at 8.5%.

All the sub-indices closed in the green with Banking sub-index gaining 0.12%, Consumer Goods Index gaining 0.18%. The Insurance and Oil & Gas sub-indices moved up 0.26% and 0.03% respectively.

Demand for banking and blue chip stocks continue to surge, indicating further positive movement in the All Share Index in future sessions.


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