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Neimeth Pharmaceuticals Reports N365 5m Profit on Growing Revenue

Neimeth Pharmaceuticals Reports N365 5m Profit on Growing Revenue
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All-Share Index Rises 0 31% as Investors Stake N7 5bn on Shares

Goddy Egene Investors staked N7.51 billion on 2.13 billion shares in 4,558 deals yesterday at the stock market as the bulls continued to dominate trading. The value of trading soared by 755 per cent compared to 249.545 million shares exchanged for N2.184 billion in 6,090 deals the previous day. Champion Breweries Plc was the most traded stock by volume and value at 1.91 billion shares and N4.95 billion respectively. The sustained bullish trend lifted the Nigerian Stock Exchange (NSE) All-Share Index (ASI) by 0.31 per cent to close at 40,490.85, while market capitalisation added N65.7 billion to be at N21.2 trillion. The gain was bolstered by buying interest in Seplat Petroleum Development Company Plc, Nigerian Breweries Plc and Guaranty Trust Bank Plc. In all, 27 stocks appreciated, while 14 depreciated.

NSE: All-Share index rises by 0 31% as investors stake N7 5bn

The sustained bullish trend that has characterized the Nigerian Stock market since the beginning of the year continued as the All-Share Index (ASI) rose by 0.31 per cent to close on Thursday at 40,490.85, while market capitalisation added N65.7 billion to close at N21.2 trillion. At the stock market, investors staked N7.51 billion on 2.13 billion shares in 4,558 deals as the bulls continued to dominate trading. The value of trading soared by 755 per cent compared to 249.545 million shares exchanged for N2.184 billion in 6,090 deals on Wednesday with Champion Breweries Plc the most traded stock by volume and value at 1.91 billion shares and N4.95 billion respectively.

Equities shed N464 billion as profit taking halts bull run

TODAY December 14, 2020 The equities market shed N463.7 billion last week as the bullish streak was halted by persistent profit taking. Following the unprecedented growth recorded in the month of November, many investors have been locking in profits. Despite the pockets of profit taking, the market had maintained a positive weekly performance. However, that positive momentum could not be sustained last week as the Nigerian Stock Exchange (NSE) All-Share Index (ASI) went down by 2.5 per cent to close at 34,250.74. Similarly, market capitalisation shed N463.7 billion to be at N17.902 trillion. The year-to-date (YTD) growth moderated to 27.6 per cent. Although the profit taking is expected to continue, analysts remained optimistic, saying the market still offers better investment alternative.

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