Meanwhile, Cowry Assets Management Limited expected equities to trade sideways as investors stay on the sidelines in anticipation of Q1 2022 corporate financial results.The local bourse last week witnessed bullish momentum as investors bought shares of companies with sound fundamentals. The week was another four-day trading week as the federal government declared Monday, April 18, 2022 as Public Holiday in commemoration of the 2022 Easter celebrations.
Pertinently, the All-Share Index rose by 2.0 per cent week-on-week to close at 48,459.65 points. Similarly, market capitalisation rose by N512 billion W-o-W to close at N26.125 trillion. However, market breadth for the week was negative as 50 equities appreciated in price, 29 equities depreciated in price, while 77 equities remained unchanged. MEYER Plc led the gainers table by 45.63 per cent to close at N2.33, per share. Eterna followed with a gain of 33 per cent to close at N6.65, while Oando went up by 21.33 per cent to close to N5.86, per share.On the other side, Academy Press led the decliners table by 18.75 per cent to close at N1.17, 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:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Index inches up amid bargain-hunting ahead as Q1 results near | The Guardian Nigeria News - Nigeria and World NewsAnticipation of improved first quarter (Q1) earnings triggered bargain hunting in the equities sector of the Nigerian Exchange Limited (NGX), last week, as the All-share index and market capitalisation ...
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Sanctions may cripple Russia’s multibillion-dollar crypto industry - ExpertsSanctions imposed on Russia over the country’s unprovoked invasion of Ukraine could hamper the growth of its multibillion-dollar crypto sector, according to experts. Make Dem leave Russia alone na Who says crypto currency can't be attacked by govt? Another scam or not
Source: MobilePunch - 🏆 8. / 63 Read more »
Fuel subsidy more beneficial to rich Nigerians – Financial expertIn this interview with NIKE POPOOLA, the Executive Director, Cordros Capital, Femi Ademola, speaks on investment decisions, fuel subsidy and foreign direct investments into Nigeria It has always been like that right from time. Nothing is beneficial to the masses. Even the policies the make are too harsh and making businesses not to strive. If U can provide urban mass transportation for the citizen then I can agree is truly benefiting the wealthiest but for now if u remove subsidy inflation will sky rocket What we Currently have is outright looting and not fuel subsidy.
Source: MobilePunch - 🏆 8. / 63 Read more »