Financial stocks lead activities at NGX, contribute N6.4b to turnover | The Guardian Nigeria News - Nigeria and World News

  • 📰 GuardianNigeria
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 94%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

The financial services industry dominated in volume terms at the end of last week’s transactions on the floor of the Nigerian Exchange Limited (NGX).

It led the activity chart with 634 million shares valued at N6.4 billion traded in 8,540 deals. Thus, it contributed 67 per cent to the total equity turnover and value.

A turnover of 944 million shares worth N22 billion was recorded in 18,615 deals by investors on the floor of the Exchange, in contrast to a total of 3.8 billion units valued at N27 billion that changed hands in 20,333 deals during the preceding week. Analysts attributed the gain to investors’ sustained interest in MTN Nigeria and Dangote Cement , even as the Month To Date and Year To Date returns increased to +2.0.per cent and +6 per cent, respectively.

“Overall, we advise investors to seek trading opportunities in only fundamentally justified stocks as the weak macro story remains a significant headwind for corporate earnings.”

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 1. in BR

Brasil Últimas Notícias, Brasil Manchetes