April 24 (Lagos) - Shares of Dangote Cement Plc (
DANGCEM ) and Lafarge Africa Plc (
WAPCO ) surged by 3.77% and 10.24% respectively to push the All Stock Index of the
NSE higher by 2.21% today in Lagos.
Banking stocks were strong today led by impressive results by
STANBIC which reported profit of more than N 18 billion for the first quarter. The stock closed higher by almost 5% today. Other banking stocks that led today were
DIAMONDBNK up 5.56%,
UBA up 4.25%,
ZENITHBANK up 2.07%,
GUARANTY up 3.59%,
ETI up 4.93% and
UBN up 4.98% today at the exchange.
Today's rally is based in gains in
DANGCEM and hopefully it can sustain this gain tomorrow otherwise we could be in for a reversal.
reporting for easykobo.com on Monday, April 24 2017 from Lagos, Nigeria