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Nigerian stock market hits fifth straight gain, driven by large-cap stocks interest.
The Nigerian stock market saw its fifth consecutive gain, with the All-Share Index rising 0.35% to 109,231.96 points.
Market capitalization increased by N240 billion to N68.652 trillion, driven by investor interest in large-cap stocks.
The positive momentum was reflected in 38 stocks advancing while 21 declined.
The trading volume slightly decreased but total value traded was N14.348 billion.
Year-to-date returns reached 6.13%, up from 5.76%, due to gains in key sectors including Banking, Consumer Goods, and Industrial Goods.
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El mercado de valores nigeriano alcanza la quinta ganancia consecutiva, impulsado por el interés de las acciones de gran capitalización.