The capitalisation of the Nigerian Stock Exchange , rose by N375 billion in six hours of trading, amid price appreciation recorded by some blue chips.
Accordingly, the Month-to-Date gain increased to 3.4 per cent as Year-to-Date losses moderated to -11.3 per cent. He added that the month of May, being dividend qualification dates for many blue chip stocks that had suffered losses recently, was attracting funds and buying interest on high yields.“Investors should not be carried away with this trend but should have a good exit strategy and play with caution,” Omordion said.Cement trailed with N13 to close at N143, while MTN Nigeria Communications, added N4 to close at N120per share.
BUA Cement came second with a loss of 80k to close at N31.80, while May and Baker declined by 27k to close at N2.43 per share. Mutual Benefit followed with an account of 41.79 million shares worth N9.02 million, while Zenith Bank traded 40.31 million shares cost N591.01 million.
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Market sustains bullish trend, capitalization peaks at N12.0trn – Daily TrustTrading on the floor of the Nigerian Stock exchange sustained its bullish runs from last week as investors gained N35.9bn as market capitalization rose to N12.0tn while year to date loss moderated to -14.0 percent. The All share index Index advanced 30bps to close at 23,089.86 points due to price appreciation in MTN Nigeria (+3.6percent), …
Source: Daily Trust - 🏆 13. / 51 Read more »
Market sustains bullish trend, capitalization peaks at N12.0trn – Daily TrustTrading on the floor of the Nigerian Stock exchange sustained its bullish runs from last week as investors gained N35.9bn as market capitalization rose to N12.0tn while year to date loss moderated to -14.0 percent. The All share index Index advanced 30bps to close at 23,089.86 points due to price appreciation in MTN Nigeria (+3.6percent), …
Source: Daily Trust - 🏆 13. / 51 Read more »