Stock Market

This arose from the Scheme of Merger between Dangote Sugar Refinery Plc and Savannah Sugar Company Limited (SSCL).

Nigerian Stock Exchange trading turnover was also positive as volume climbed up by 22.64%.

This call is in a bid to get the support of relevant stakeholders in raising additional capital through private placement.

Despite being affected by the COVID-19 pandemic, Nigerian Breweries share price has increased in value. 

TOTAL led 22 Gainers as against 7 Losers topped by UAC-PROP at the end of today's session.

On a weekly basis, the NSI gained 1.74% from 720.02 points last week to 732.57 points this week. 

Twenty-eight (28) equities depreciated in price, lower than thirty-one (31) equities in the previous week.

The All Share Index (ASI) gained by 1.28% to close the week at 13,754.87 points.

Apple and Microsoft shares rose 1% and 1.3%, respectively, to lead tech higher.

Foreign inflow and outflow increased within the months of July and August 2020.