News Formal

Nigerian equities beat global stocks with N259b gains

  • 📰 TheNationNews
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 69%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

Nigerian stocks played the contrarian at the weekend with a net capital gain of N259 billion in a week marked by general decline in share

A market-wide rally drove the Nigerian market to average gain of 1.27 per cent at the weekend, equivalent to net capital gains of N259 billion. The rally moderated the negative average year-to-date return for Nigerian equities to -2.41 per cent.

Review of the trading reports showed that the rally was driven by bargain-hunting across the sectors , especially the banking sector, as investors realigned portfolios in expectation of first quarter earnings. Analysts at Cordros Securities said they expected the market to be flooded with results as the first quarter 2021 earnings season commences in full swing.

 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.

Watch here

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 6. in İD

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Bank stocks gains help stop Nigerian equities from sinking furtherA positive market breadth posted as there were 24 gainers against 17 losers.
Sumber: PremiumTimesng - 🏆 3. / 78 Baca lebih lajut »

Nigerian stocks rise further on bank stock gainsThe benchmark index edged 0.29 per cent higher.
Sumber: PremiumTimesng - 🏆 3. / 78 Baca lebih lajut »

Nigerian stocks shed N274bn on profit-taking in blue-chip equitiesMarket breath closed on a negative note, with 25 losers recorded compared to 19 losers.
Sumber: PremiumTimesng - 🏆 3. / 78 Baca lebih lajut »