March 3, 2016/Cowry Asset
Key market indicators, the NSE ASI and market capitalisation, each advanced by 2.25% amid a 48.8% jump in investment values Industrial stocks led the pack as shown by the NSE Industrial Index which advanced by 4.16%, driven primary by market heavyweight, Dangote Cement.
Gainers & Losers
Dangote Cement continued to top the gainers table as it rose 7.51% to close at N160 apiece following yesterday’s impressive earnings and cash dividend declaration. Conversely, oil and gas equities bowed to sell pressure – Forte Oil and Total Nigeria sank by 5% each to close at N293.23 and N137.75 respectively.
