While Dangote Cement appreciated by 7.49%, at the Nigerian Stock Exchange (NGX) with its market cap gaining N430 billion.

Furthermore, the All-Share Index appreciated by 1.92 per cent or 1,597.93 basis points to close at N 84,640.89, closer to the 85,000 points than it was on Friday.

But the year-to-date gains also strengthened to 13.20 per cent from 11.06 per cent from the previous trading session.

Similar to the ASI, equities gained N1.118 trillion, as the market capitalization rose to N46.319 trillion from last Friday’s N45.199 trillion.

There were also some movements in the market as Access Bank moved back into the N1 trillion market cap territory, while FBN Holdings dropped out of it, with the Geregu Power gaining 7.52%.

In terms of trading activities, there was a 34% increase in trading volume to 807.51 million units, from last Friday’s 600.63 million units.

In this stead, TRANSCORP (+4.69%) led with 66.89 million units, followed by AIICO (+2.40%) with 62.29 million units, WEMABANK (+9.92%) with 41.57 million units, JAIZBANK (+9.93%) with 39.19 million units, and FCMB (+3.64%) with 38.15 million units.

Also important to note, is a 21% increase in trading value to N11.03 billion from N9.1 billion when the market closed on the last trading of last week.

NASCON (+8.33%) led with N1.091 billion, followed by ZENITHBANK (+3.60%) with N1.089 billion, TRANSCORP (+4.69%) with N956 million, UBA (+1.45%) with N857.26 million, and MTNN (0.00%) with N791.55 million.

Below are the market Indices for yesterday’s trading session.

NGX All-Share Index: 84,640.89 points.

% Day Change: +1.92%

Day’s Lowest: 82,949.40 points

Day’s Highest: 84,640.89 points

% YTD: +13.2%

Market Cap: N46.32 trillion

Volume Traded: 807.51 million units

Value Traded: N11.03 billion

Top Gainers

PZ: +10.00% to close at N32.45

MANSARD: +10.00% to close at N6.49

CHAMS: +10.00% to close at N2.53

DAARCOMM: +10.00% to close at N0.99

SOVREINS: +10.00% to close at N0.66

TANTALIZER: +10.00% to close at N0.55

Top Losers

ABBEYBDS: -9.52% to close N2.47

JBERGER: -3.54% to close at N54.50

CUSTODIAN: -3.45% to close at N9.80-

AFRIPUD: -2.78% to close at N8.75

FBNH: -1.79% to close at N27.50

CHAMPION: -1.27% to close at N3.90

The board of directors of the salt manufacturer decided during a meeting held on May 26.

Mr. Mabe has been serving as the acting managing director of the company since February 12, taking over from Paul Farrer, who resigned a month earlier.Managing DirectorMr. Mabe has been serving as the acting managing director of the company since February 12, taking over from Paul Farrer, who resigned a month earlier.

He graduated from Fort Hare University in South Africa with a degree in Chemistry and Mathematics in 1986.

From 1987 to 1989, he worked as a developmental chemist (adhesives) at Chemicals and Research Care South Africa.

Between 1989 and 1991, Mr. Mabe served as the process controller of Home Care Unilever South Africa and later became the quality assurance manager for two years.

He then held the position of operations manager from 1993 to 1996.

In 2004, he was appointed as the manufacturing director and later became the vice president of Supply Chain for Unilever HPC.

According to the statement, he was appointed to the Board of Directors and CEO of Unilever Nigeria Plc in 2010.

In 2014, Mr. Mabe joined the Dangote Group as the MD/CEO of Dangote Flour Mills Plc before transitioning to oversee the rice business of the Group.

Additionally, NASCON announced the appointment of Fatima Aliko-Dangote as a non-executive director. She previously served as the executive director of commercial operations at the company.

In her previous role, she was responsible for developing and implementing NASCON’s commercial sales and marketing strategy, overseeing branding, logistics, and transportation.

Ms. Aliko-Dangote was previously an associate at Banwo & Ighodalo, a law firm, and is a member of the Nigerian Bar Association.

She also served as a technical specialist at NASCON’s strategy unit and as the executive assistant to the group executive director of Business Development and Portfolio Management at Dangote Industries Limited.