Investors in the Nigerian stock market, yesterday gained N6 billion from their investment in shares.
NSE-ASI gained 16.05 absolute points, representing an appreciation of 0.06 per cent to close at 28,263.16 points. Similarly, the market capitalization gained N6 billion to close at N9.709 trillion.
The upturn was strongly impacted by price appreciation recorded in some large capitalized stocks amongst which are, Flour Mills, Cadbury Nigeria, Total Nigeria, Nigerian Breweries and Dangote Cement.
Analysts noted, “Following yesterday weak volume traded and outlook, we expect […]
Transactions at the Nigerian Stock Exchange (NSE), yesterday remained on a downward trend due to profit taking.
The lead indicator, NSE-ASI shed 49.55 absolute points or 0.18 per cent to closed at 27,707.12 points. Similarly, the market capitalization shed N17 billion to close at N9.518 trillion.
The downturn was significantly imparted by value depreciation recorded by the following large capitalised stocks, PZ Industry, International Breweries, Nigerian Breweries, Dangote Cement, Guaranty Trust Bank and Glaxosmith.
Stock market analysts have said as economic indicators point […]