Sunday, February 28African Business News
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Tag: AXA Mansard Insurance

Unity Bank, GTB, others lift NSE’s index by N186b

Unity Bank, GTB, others lift NSE’s index by N186b

Capital Market
Following price gains by most blue-chip stocks, especially Unity Bank, and Guaranty Trust Bank (GTB), transactions on the equities sector of the Nigerian Stock Exchange (NSE), reopened upbeat yesterday, as market capitalisation appreciated by N186 billion. At the close of trading, Monday, the All-Share Index (ASI) increased by 355.88 absolute points or 1.46 per cent to close at 24,783.61 points. Also, investors gained N186 billion as market capitalisation advanced to N12.929 trillion. The upturn was impacted by gains recorded in large and medium capital stocks, including Guaranty Trust Bank, Dangote Cement, Lafarge Africa, Zenith Bank and United Bank for Africa (UBA). Analysts at Imperial Asset Managers Limited, said: “We expect the current volatility (up and down movement) to con...