Trading on the Nigerian Exchange Ltd. this week closed higher by 1.73 per cent, following investors’ increased demand for banking, insurance, consumer aa wel as oil and gas stocks.Trading on the Nigerian Exchange Ltd. this week closed higher by 1.73 per cent, following investors’ increased demand for banking, insurance, consumer aa wel as oil and gas stocks.
A total turnover of 2.189 billion shares worth N31.303 billion in 39,362 deals was traded this week by investors on the floor of the Exchange, in contrast to 1.986 billion shares valued at N40.715 billion exchanged in 38,487 deals traded last week. Meanwhile, the gainers’ table was led by Fidelity Bank, Dangote Sugar Refinery Plc, Nascon Allied Industries Plc, FCMB Group Plc, and United Bank for Africa.
Reacting in its weekly outlook, analyst at Cowry Asset, said that looking ahead, the current bullish trend at the domestic bourse is expected to persist.
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Source: GuardianNigeria - 🏆 1. / 94 Read more »