Nigerian stocks scrape weak rally on higher demand for big-cap bank stocks

  • 📰 PremiumTimesng
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 78%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The all-share index rose 0.07 per cent.

Nigerian stocks returned to winning ways on Tuesday even though the gain was too little to recover the grounds lost at the previous trading sessions as the benchmark index ticked up by 0.07 per cent.

The slight progress drew support from rise in the share prices of two bellwether bank stocks – GTCO and Zenith – as well as WAPCO and Honeywell Flour.A bellwether is a leading indicator that suggests the presence of a trend. Discover the pros and cons of using b… Nevertheless, market breath, which measures the depth of investor sentiment, was negative with 18 laggards reported compared to 17 gainers. The rest 69 equities participating in Tuesday’s trade saw no movement.

The all-share index rose 25.99 points to 39,460.68 points and market capitalisation climbed to N20.6 trillionMorrison led gainers, upping by 10 per cent to N1.54. Regal Insurance grew by 9.52 per cent to end today’s trade at N0.46.

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 NG
 

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

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

How to invest in shipbuilding stocks | The Guardian Nigeria News - Nigeria and World NewsSince the dawn of economics, maritime trade has been the backbone of trade across the world. Even now, ships keep entire world economies alive and active. A single mishap – as seen with the Ever Given obstructing the Suez Canal earlier this year – can turn world trade on its head. Ships transport everything from […]
Source: GuardianNigeria - 🏆 1. / 94 Read more »