NGX indices up by 1.3% on Dangote Cement gain

NGX

Transactions on the Nigerian Exchange Ltd. (NGX) on Monday continued on a positive territory, following sustained buy interest in Dangote Cement and 41 other stocks.

The market capitalisation gained N673 billion or 1.3 per cent to close at N52.408 trillion, compared with 51.735 trillion recorded at the previous session.

Similarly, the All-Share Index (ASI) gained 1,200 points to closed at 94,538.12 as against 95,768.12 posted on Friday.

Consequently, the Year-To-Date (YTD) return rose to 28.08 per cent.

Also, investors traded 721.81 million shares valued at N14.41 billion and exchanged in 15,757 deals.

Stocks of industries and tier-one banks; such as Dangote Cement, First City Monumental Bank (FCMB) and United Capital (UCAP) kept the market in the positive terrain.