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Friday 29th March 2024,
Hope for Nigeria

NSE maintains upward trend, as Ikeja hotels bounces back to gainers

NSE's Market Capitalisation Increases By N200 Billion

The Nigerian Stock Exchange (NSE) for the 2nd trading day, maintained the upward trend which started on Monday as All-Share Index of NSE closed at 0.25 percent bigger.

The index, at the close of Tuesday’s transaction added 104.72 basis points to the previous day’s 41,105.38 points to settle at 41,210.10 points.

Similarly, Market Capitalisation rose by N34.58 billion or 0.25 per cent to close at N13.61 trillion just most blue-chips(highly capitalised stocks maintained their position on the gainers’ chart.

Ikeja Hotels bounced back to the gainers’ side, leading others in the table after adding 14 kobo or 9.21 to the N1.52 opening price to close at N1.66.

The stock which had previously made several appearances on the laggards’ side, led the laggards’ chart for the week that just ended shedding as much as 63 kobo in one week.

Although the 14 kobo gain on Tuesday is quite minimal compared to the loss, analysts are of the view that it is a step in the right direction, if sustained.

 
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