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Gains in highcap stocks lift market capitalisation by N128b

Following gains in most highly-capitalised stocks, transactions on the floor of the Nigerian Stock Exchange (NSE) reversed the previous day’s losses to close upbeat as market capitalisation appreciated by N128 billion. At the close of transactions yesterday, the All-Share Index (ASI) increased by 244.40 absolute points, representing a rise of 0.63 per cent to close at 38,931.25 points. Market capitalisation value gained N128 billion to close at N20.369 trillion. The market gain was driven by price appreciation in large and medium capitalised stocks including Nestle Nigeria, Dangote Cement, Nigerian Breweries, May & Baker Nigeria and Africa Prudential. Analysts at Afrinvest said: “Moving forward, we expect the overall bearish sentiment to be sustained in the market. However, there are opportunities for bargain hunting amid cheap attractive stocks.”

Nigeria
Nigerian
Sovereign-trust-insurance
Nigerian-stock-exchange
Nigerian-breweries
Morison-industries
Neimeth-international-pharmaceuticals
Nigerian-aviation-handling-company
Guaranty-trust-bank
United-bank
All-share-index

Nigerian stock market reacts to demutualisation approval, up N128bn

Nigerian stock market reacts to demutualisation approval, up N128bn
vanguardngr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vanguardngr.com Daily Mail and Mail on Sunday newspapers.

Nigeria
Nigerian
Ambrose-omordion
Sovereign-trust-insurance
Nigerian-stock-exchange
Nigerian-breweries
Morison-industries
Exchange-commission
Neimeth-international-pharmaceuticals
Investdata-ltd
Nigerian-aviation-handling-company
Guaranty-trust-bank

NIgeria Stock Exchange indices resume week with 0.17% growth

Lagos, March 8, 2021 The Nigerian equities market resumed trading for week upbeat on Monday with key indicators improving by 0.17 per cent. Consequently, the All-Share Index garnered 64.96 points or 0.17 per cent to close at 39,396.57 compared with 39,331.61 recorded on Friday. Similarly, the market capitalisation rose by N34 billion or 0.17 per cent to close at N20.612 trillion in contrast with N20.578 trillion posted on Friday. The uptrend also driven by price appreciation in medium and large capitalised stocks amongst which are: Lafarge Africa, Ardova, FBN Holdings, Access Bank and Champion Breweries. Analysts have expressed optimism that the stock market would witness a rebound in the absence of Nigerian Treasury Bill auction this week.

Guinea
Lagos
Nigeria
Ikeja
Nigerian
Lafarge-africa
Access-bank
Wema-bank
Zenith-bank
Ikeja-hotel
Meyer-plc
Morison-industries

Demutualisation: Nigerian stock market grows by N128bn

Demutualisation: Nigerian stock market grows by N128bn
punchng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from punchng.com Daily Mail and Mail on Sunday newspapers.

Nigeria
Nigerian
Ambrose-omordion
Sovereign-trust-insurance
Nigerian-stock-exchange
Nigerian-breweries
Morison-industries
Exchange-commission
Neimeth-international-pharmaceuticals
Investdata-ltd
Nigerian-aviation-handling-company
Guaranty-trust-bank

Ardova, Lafarge Africa, others lift market index by 0.17%

Ardova, Lafarge Africa, others lift market index by 0.17%
guardian.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from guardian.ng Daily Mail and Mail on Sunday newspapers.

Guinea
Ikeja
Lagos
Nigeria
Nigerian
Lafarge-africa
Nigerian-stock-exchange
Access-bank
Wema-bank
Zenith-bank
Ikeja-hotel
Meyer-plc
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