News Formal

NSE market capitalisation inches N245bn, as fixed income instrument yields decline

  • 📰 PremiumTimesng
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 78%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

The Nigerian Stock Exchange (NSE) on Thursday posted the biggest gain in over six months due to declining yields in fixed income securities.

Specifically, the market capitalisation inched N245 billion with six hours of trading to cross N13 trillion, closing at N13.067 trillion against N12.822 trillion on Wednesday.

The upturn was impacted by gains recorded in medium and large capitalised stocks, amongst which are; Guinness Nigeria, Guaranty Trust Bank, Zenith Bank, Dangote Sugar Refinery and Access Bank. Caverton Offshore followed with a gain 9.76 per cent to close at N2.70, while Guinness appreciated by 9.70 per cent to close at N26 per share.

Champion Breweries followed with a decline of 9.09 per cent to close at 90k, while MTN Nigeria lost 0.12 per cent to close at N121.90 per share.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market upbeat as index rises by N69 billion | The Guardian Nigeria News - Nigeria and World NewsFollowing price gains recorded by most bellwethers, transactions on the equities sector of NSE, reopened in upbeat yesterday, as market capitalisation appreciated by N69billion. Nigeria NSE StockMarket
Source: GuardianNigeria - 🏆 1. / 94 Read more »