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The Nigeria Exchange Limited (NGX) ended the month of June on a positive note as bulls dominated proceedings in the market on the 30th of the month. The ASI (All share Market Index) appreciated by 0.71% to close at 37,907.28 and the Market cap increased by N138 billion. Nestle Nig Plc led the 20 gainers against 16 losers to close the day, taking the market breadth to 1.25x, reflecting a bullish market. However, month-on-month, the Nigerian Exchange ASI depreciated by 1.38% from 38,437.88 points in May 2021 to 37,907.28 in June 2021. The situation was largely brought about by investors continuing to short their investments in equities to take positions in the Fixed Income space where rates are rising, in a bid to take shelter from the onslaught of Nigeria’s inflation rates. ....
Nigerian stocks that have doubled in value in the last 6 months nairametrics.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nairametrics.com Daily Mail and Mail on Sunday newspapers.
Market Gains N224bn on Sustained Bullish Trading thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.
Equities Market Rebounds as Bulls Return thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.
Goddy Egene writes that as inflation rate remains above 18 per cent, the stock market still provides investors opportunity to earn positive returns on their investments When investors stake their funds, their expectation is to reap positive returns on investments. That means a return that is above inflation rate. And considering the fact that inflation rate stood at 18.12 per cent as at the end of April 2021, investors must invest in securities that would produce a return of above 18.12 per cent. Although it is difficult to come across investment that can give yields above inflation rate, the equities market offers investors opportunity to enjoy positive returns. However, for investors to earn such positive returns in the equities market, they must seek the advice of professionals. This is so because just as the market is capable of fetching positive returns, investors could also lose their investments if not well guided by professionals. ....