Stock Market Begins Week Positive With N56bn Gain

In summary, the All-Share Index grew by 104.82 absolute points, representing a rise of 0.20 per cent, to close at 52,319.94 points. Similarly, the overall market capitalisation value gained N56 billion to close at N28.214 trillion.

The market positive performance was driven by price appreciation in large and medium capitalised stocks which are; Seplat Energy, Flour Mills of Nigeria, Fidson Healthcare, Guaranty Trust Holding Company , Wema Bank and United Capital. This week, United Capital Plc expected continued bargain hunting as investors continue to look forward to the first half , 2022 earnings season, cherry-picking stocks with potential for strong earnings performance as well as interim dividend payment.

“However, we note that a strong hike in Monetary Policy Rate at this week’s MPC meeting could spell bad news for the equities market,” they said. As measured by market breadth, market sentiment was negative, as 16 stocks gained relative to 22 losers. Seplat Energy recorded the highest price gain of 10 per cent to close at N1,430.50, per share. Cornerstone Insurance followed with a gain 8.77 per cent to close at 62 kobo, while R.T. Briscoe Nigeria went up by 8.11 per cent to close at 40 kobo, per share.

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

How Kaduna Market Fair Is Different – CommissionerAt the beginning of this month, the Kaduna Market Development and Management Company (KMDMC) held a trade fair at the Murtala Muhammed Square. Why did the
Fuente: LeadershipNGA - 🏆 4. / 77 Leer más »

AfDB, SEC Sign Agreement on Market Surveillance System Project – THISDAYLIVE
Fuente: THISDAY LIVE - 🏆 14. / 51 Leer más »

AfDB, SEC sign $460,000 grant to deploy surveillance system in Nigeria's capital market | TheCableThe Securities and Exchange Commission (SEC) says it has signed an agreement with African Development Bank (AfDB) Group for a grant on a market surveillance system project. In a statement
Fuente: thecableng - 🏆 2. / 80 Leer más »

How herders disrupted weekly market while fighting over girlfriendThe police fired multiple gunshots into the air to scare and disperse the fighters, residents said.
Fuente: PremiumTimesng - 🏆 3. / 78 Leer más »

Again, fire guts Oko Baba plank market in Lagos | The Guardian Nigeria News - Nigeria and World NewsGoods worth millions of naira were, yesterday, destroyed following a fire outbreak at the popular Oko Baba plank market in the Ebute-Meta area of Lagos State. A yearly ritual
Fuente: GuardianNigeria - 🏆 1. / 94 Leer más »