Nigerian stocks rise for 28th straight day on increased demand for heavyweight shares
The all-share index added 709.5 basis points to close at 50,836, while market capitalisation jumped to N27.4 trillion.
The all-share index added 709.5 basis points to close at 50,836, while market capitalisation jumped to N27.4 trillion.
NGX 30, the index that tails the 30 biggest stocks on the exchange, climbed 0.82 per cent to its summit ...
The all-share index inched up by 3.2 basis points to 48,571.8, while market capitalisation jumped to N26.2 trillion.
A positive market breadth was recorded as 28 gainers emerged against 23 laggards. The rest 64 participating stocks saw no ...
Lafarge Africa, oil driller Oando, Nigerian Breweries and GTCO led the charge, even though the pace of gain was muted ...
Africa Prudential, Conoil and Neimeth also feature in this week's list.
The NGX 30 moved close to the peak last recorded nearly four years ago.
The index now stands at its highest point in more than thirteen years and seven months.
Stocks edged up 0.07 per cent, touching a pinnacle last seen on September 15, 2008.
The all-share index added 88 points, advancing to 46,631. 5, while the market capitalisation jumped to N25.2 trillion.
Zenith Bank, UBA and FBN Holdings drove the pullback.
The all-share index contracted by 122.6 points to close at 46,842.9, while market capitalisation closed at N25.5 trillion.
Access Holdings, which completed a changeover to a holding company on Monday, Zenith Bank and International Breweries led the pullback.
Transcorp and PZ Cussons make the list, as did Cornerstone Insurance.
Thursday’s slide marks the weakest level reached by Nigerian stocks since January 31, and the new low is the culmination ...
The mild climb followed increased demand for financial services stocks led by Fidelity Bank, Access Bank and UBA.
Big lenders UBA and GTCO led the slide, which happened against a background of 64 per cent decline in volume.
Large volumes of shares in UBA, GTCO and Zenith Bank were put up for sale, depressing the main stock index.
Investors’ demand for bank stocks aided the climb as FCMB Group, Zenith Bank, United Capital and GTCO led the charge.
Investors dumped vast volumes of shares in Nestle, Nigerian Breweries and Flour Mills for sale
Year to date, the index is down by 10.72 per cent.
Different sectors including ICT, banking as well as consumer goods drove gain.
The all-share index grew 64.77 points to 47, 272.04, while market capitalisation rose to N25.5 trillion.
The all-share index inched up 12.99 basis points to 47,246.90, while market capitalisation increased to N25.5 trillion.
Many investors went for United Capital's shares.
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