Nigerian stocks close in on six-month high
Transaction volume improved by 3 per cent, while turnover depleted by as much as 67 per cent.
Transaction volume improved by 3 per cent, while turnover depleted by as much as 67 per cent.
Driven by increased activity, the rebound followed a 41 per cent improvement in transaction volume
Traders ignored impressive half-year earnings of Presco and FBN Holdings as they put huge volumes of both firms’ shares to ...
The all-share index dropped 1,139 basis points to close at 49,350.7, while market capitalisation eased to N26.6 trillion.
The all-share index dropped 633 points to 51,778.1, while market capitalisation eased to N27.9 trillion.
We have selected six top stocks for this week based on their performance and potential.
Helping gains were Okomu Oil, International Breweries, Cadbury and Presco.
The all-share index added 88 points, advancing to 46,631. 5, while the market capitalisation jumped to N25.2 trillion.
UBA also features in the selection for presently trading below its actual value which makes it cheap for investment.
NCR NIGERIA is also on the list.
Year to date, the index has yielded 6.35 per cent.
Investors continued to warm to the shares of the bourse latest arrival BUA Foods.
The food company marked its arrival with a 10 per cent jump in share price to N44 after listing 18 ...
The index has seen a 4.34 per cent gain January to date.
FBH Holdings, ETI, Champion Breweries and Access drove the rally, which was partly supported by an almost threefold leap in ...
The all-share index eased by 154.14 points to at 40,714, while market capitalisation scaled down to N21.2 trillion.
Also helping gains at individual stock level were palm fruit processors Presco and Okomu Oil.
Investors’ risk-on disposition to bellwethers like Dangote Cement, Nigerian Breweries and GTCO helped sustain the momentum of gain that started ...
Year to date, the index is down by 3.39 per cent.
The outlook for stocks in the near time remains gloomy with no dramatic gains anticipated.
Unity led gainers, appreciating by 9.62 per cent to close at N0.57.
That is coming at a time of more attractive yields in the fixed income market.
The index has dwindled 2.53 per cent since January.
Oando features in this week’s pick for trading well below its real value.
Beer maker Nigerian Breweries, Zenith, Fidelity and Champion Breweries contributed the most to the slide.
All content is Copyrighted © 2024 The Premium Times, Nigeria
All content is Copyrighted © 2024 The Premium Times, Nigeria