News Formal

MTN share price leads N112bn market gain

  • 📰 MobilePunch
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

The equities market opened the week with N112bn gain as 16 gainers emerged, led by MTN Nigeria Communications Plc, whose share price increased by 10 per cent on the back of the revocation of its $2bn

tax case in Nigeria.

Analysts at Afrinvest Securities Limited said major price appreciation in MTN Nigeria, United Bank for Africa Plc and UACN Plc drive the positive market performance at the start of the week. The insurance and oil and gas indices also inched higher by 0.30 per cent and 0.07 per cent due to gains in AXA Mansard Insurance Plc, Lasaco Assurance Plc and Oando Plc.

Investor sentiment strengthened as market breadth advanced to 0.7x from the 0.4x recorded on Friday as 16 stocks outperformed 21 laggards.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 8. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

NSE market capitalisation gains N2.22 trillion in seven days - Premium Times NigeriaAmbrose Omordion, the Chief Operating Officer, InvestData Ltd, attributed the growth to activities of investors who anticipate higher dividend yields.
Källa: PremiumTimesng - 🏆 3. / 78 Läs mer »