[Nigerian Stocks] Dangote’s Companies Are Soaring

Nigerian stocks ended in a positive today as the All Share Index gained 2.25% to close at 25,396.83, which was a seven-week high. The stock exchange is still buzzing off Dangote Cement’s full-year dividend of N8 per share yesterday.

“Some investors were excited by the dividend payout by Dangote Cement and this has boosted interest in the shares,” one stock broker told Reuters.

ASI: 25,396.83

DEALS: 3,344

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VOLUME: 275,087,584

VALUE: 1,638,046,624.03

CAP: 8,736,037,195,662,.44

Here are the top gainers for the day:

TIGERBRANDS gained 9.27% to close at N1.65

DANGCEM gained 7.51% to close at N160.00

OANDO gained 7.32% to close at N3.37

ETERNA gained 4.97% to close at N1.90

DANGSUGAR gained 4.97% to close at N5.49

ZENITHBANK gained 4.96% to close at N11.63

Here are the top losers for the day:

FIDSON lost 9.38% to close at N2.32

TOTAL lost 5.00% to close at N137.75

FO lost 5.00% to close at N293.23

INTBREW lost 4.97% to close at N18.53

FBNH lost 4.95% to close at N3.65

VITAFOAM lost 4.80% to close at N4.36