Nigerian stocks post biggest daily gain for 6 months

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LAGOS, March 7  – Nigerian stocks posted their biggest daily rise for six months on Tuesday, rising 2.23 percent to 25,129 points.

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Nigeria’s biggest listed company, Dangote Cement , majority-owned by Africa’s richest man Aliko Dangote and accounting for a third of total market capitalisation, rose 4.92 percent.

Brokers say better than expected corporate results especially from the banking sector after Zenith Bank and Access Bank declared dividends amidst a weak economic outlook bouyed stocks.

 

Naija247news
Naija247newshttps://www.naija247news.com/
Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.

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