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Nigerian Stock Market Closes Bullish with N240 Billion Gain
Nigerian Stock Market Closes Bullish with N240 Billion Gain
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The Nigerian stock market surged on Thursday, adding N240 billion to its market capitalization. The All-Share Index ROSE 0.35% to 109,231.96 points, marking a 6.13% year-to-date return. Beta Glass Plc led gainers with a 10% rally, while Abbey Mortgage Bank fell by the same margin.
Trading activity softened, with volume and turnover declining 6% and 23% respectively. Fidelity Bank Plc emerged as the most traded stock by volume. The bullish momentum builds on recent gains, delivering 3% weekly and 4% monthly returns.
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