News Formal

Nigerian stocks extend gain on increased interest in bank stocks

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

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Investors’ demand for bank stocks aided the climb as FCMB Group, Zenith Bank, United Capital and GTCO led the charge.

Volume surged by as much as 340 per cent, with FCMB Group accounting for 80.9 per cent of the entire Friday’s transactions.Market breadth, which weighs the extent of investors’ sentiment towards trade, was neutral as 22 gainers were reported compared to 22 laggards.

The benchmark index expanded by 73.50 points to 47,437.48 points and market capitalisation increased to N25.6 trillion.Niger Insurance led gainers, appreciating by 10 per cent to close at N0.22. RT Briscoe went up 8.96 per cent to N0.73. UPDC rose to N0.99, notching up 7.61 per cent in the process. UACN added 5.97 per cent to end trade at N10.65. Cornerstone Insurance completed the top 5, climbing by 5.71 to N0.74.Royal Exchange was the worst performing stock, declining by 9.

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 CA
 

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

Canada Canada Latest News, Canada Canada Headlines

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

Gains in 21 stocks lift capitalisation further by N41 billion | The Guardian Nigeria News - Nigeria and World NewsTransactions on Nigerian Exchange Limited (NGX) sustained a rising profile yesterday, occasioned by gains in 21 stocks, as market capitalisation increased further by N41 billion.
Source: GuardianNigeria - 🏆 1. / 94 Read more »

NCDMB, AFREXIM, APPO Chart New Funding Models For African Oil IndustryThe Nigerian Content Development and Monitoring Board (NCDMB), African Petroleum Producers’ Organization (APPO), and Africa Export-Import Bank (AFREXIMBank)
Source: LeadershipNGA - 🏆 4. / 77 Read more »