110612 NSE ASI inches up by +1.34% to halt bearish trend
The bulls resurfaced on the Nigerian bourse after nine consecutive session of negative position as bargain activities outweighed sell pressure amid improve breadth while the positive transactions witnessed in the share price of Dangote Cement Plc also contributed to the lifting of the key market indicator to the positive territory as ASI closed above 21,000 psychological lines.
Nevertheless, the key benchmark indices resumed uptrend as sentiments turned positive, taking supports majorly from Large CAP stock which was particularly driven by NB while Medium CAP stocks also contributed to the outlook recorded today due to renewed bargain activities witnessed in Conglomerates and Oil & Gas sectors.
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