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The All-Share Index edged up 0.01 per cent to 247,707.13 points for a second straight gain, but decliners outpaced gainers and the value of trades contracted sharply, leaving the rally resting on a narrow band of energy stocks.

Tenaris invested about $10 million to refurbish a five-layer thermal insulation line at its Onne plant in Rivers State, making it the only such facility in sub-Saharan Africa, after completing a coating campaign for the Bonga North deepwater project.