{"id":314770,"date":"2021-02-12T06:47:28","date_gmt":"2021-02-12T05:47:28","guid":{"rendered":"https:\/\/arewa.ng\/?p=314770"},"modified":"2021-02-12T06:54:31","modified_gmt":"2021-02-12T05:54:31","slug":"nse-rebounds-by-n167bn-on-dangote-cement-gain","status":"publish","type":"post","link":"https:\/\/arewa.ng\/?p=314770","title":{"rendered":"NSE rebounds by N167bn on Dangote Cement gain"},"content":{"rendered":"
\"NSE<\/p>\n

After days of a persistent bearish trend, transactions on the nation\u2019s bourse rebounded on Thursday by 0.78 per cent following buying interest in Dangote Cement.<\/span><\/p>\n

<\/p>\n

Specifically, the All-Share Index rose by 318.29 points or 0.78 per cent to close at 41,014.30 compared with 40,696.01 posted on Wednesday.<\/span><\/p>\n

Also, the market capitalisation, which opened at N21.289 trillion inched higher by N167 billion or 0.78 per cent to close at N21.456 trillion.<\/span><\/p>\n

The gain was driven by price appreciation in large and medium capitalised stocks amongst which are: Dangote Cement, Mutual Benefits Assurance, Soverign Trust Insurance, Vitafoam and Unilever.<\/span><\/p>\n

Dangote Cement dominated the gainers\u2019 chart in percentage terms, gaining 7.04 per cent to close at N228 per share.<\/span><\/p>\n

Mutual Benefits Assurance followed with 5.41 per cent to close at 39k, while Sovereign Trust Insurance appreciated by 3.70 per cent to close at 28k per share.<\/span><\/p>\n

Vitafoam rose by 3.33 per cent to close at N9.30, while Unilever appreciated by 2.57 per cent to close at N13.95 per share.<\/span><\/p>\n

On the other hand, Linkage Assurance and Livestock Feeds led the losers\u2019 chart in percentage terms, losing 10 per cent each to close at 54k and N2.25 per share, respectively.<\/span><\/p>\n

Nigerian Aviation Handling Company dipped 9.96 per cent to close at N2.08,p per share.<\/span><\/p>\n

Northern Nigeria Flour Mills lost 9.88 per cent to close at N7.02, while Portland Paints & Products shed 9.84 per cent to close at N2.84 per share.<\/span><\/p>\n

Also, the total volume of shares traded rose by 247.4 per cent as investors bought and sold 1.27 billion shares worth N6.39 billion in 6,573 deals.<\/span><\/p>\n

This was against 366.86 million shares valued at N5.84 billion achieved in 5,718 deals on Wednesday.<\/span><\/p>\n

Transactions in the shares of LivingTrust Mortgage Bank, formerly Omoluabi Mortgage Bank, topped the activity chart with 796.45 million shares worth N493.80 million.<\/span><\/p>\n

Transcorp followed with 55.75 million shares valued at N50.54 million, while FBN Holdings traded 51.94 million shares worth N364.51 million.<\/span><\/p>\n

United Bank for Africa accounted for 48.78 million shares valued at N380.21 million, while Zenith Bank transacted 37.11 million shares worth N885.3 million. <\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

After days of a persistent bearish trend, transactions on the nation\u2019s bourse rebounded on Thursday by 0.78 per cent following buying interest in Dangote Cement. Specifically, the All-Share Index rose by 318.29 points or 0.78 per cent to close at 41,014.30 compared with 40,696.01 posted on Wednesday. Also, the market capitalisation, which opened at N21.289 […]<\/p>\n","protected":false},"author":1,"featured_media":314771,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[3],"tags":[2416,12449,1590],"class_list":["post-314770","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-dangote-cement","tag-nigeria-stock-exchange","tag-nse"],"jetpack_publicize_connections":[],"_links":{"self":[{"href":"https:\/\/arewa.ng\/index.php?rest_route=\/wp\/v2\/posts\/314770","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/arewa.ng\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/arewa.ng\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/arewa.ng\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/arewa.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=314770"}],"version-history":[{"count":0,"href":"https:\/\/arewa.ng\/index.php?rest_route=\/wp\/v2\/posts\/314770\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/arewa.ng\/index.php?rest_route=\/wp\/v2\/media\/314771"}],"wp:attachment":[{"href":"https:\/\/arewa.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=314770"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/arewa.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=314770"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/arewa.ng\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=314770"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}