Stock market gains N571bn in bullish trading

Trading reopened on the Nigerian Stock Exchange on Friday after Eid-el-Maolud celebration still on an upward trend, growing by N571 billion.

A breakdown of the price movement chart shows that 43 stocks recorded price appreciation in contrast with 11 losers.Mobil followed with a gain of N17.80 to close at N196.10, while Total grew by N11 to close at N129.90 per share. Also, the volume of shares traded rose by 115.27 per cent with an exchange of 807.81 million shares valued at N10.50 billion in 8,113 deals.

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Nigerian Stocks Hit 16-month High as Investors Swoop on Market - THISDAYLIVEBy Festus Akanbi and Goddy Egene Nigerian stocks rose 3.7 per cent yesterday to their highest level in more than 16 months after investors swooped on banking and consumer goods companies’ counters. The stock has maintained a bullish trend since the beginning of the week following increased buying interests that have greeted the influx of …
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