News Formal

Nigerian stocks halt five-day slide as bank shares lead rally

  • 📰 PremiumTimesng
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 78%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

FBN Holdings, Zenith and GTCO set the advance in motion, supported by food giant Nestle.

Nigerian stocks were back to winning way on Monday after three trading days of consecutive decline as investors employed a risk-off approach to investment in a session that saw the benchmark index push up by 0.16 per cent, with banking stocks driving the climb.Nigeria’s biggest flour miller Flour Mills said on Monday it has entered pact with Honeywell Flour and FBN Holdings to acquire 71.69 and 5.06 per cent stakes, being the respective interests of the two companies in Honeywell.

Market breadth, an indicator of investors’ sentiment towards trade, was neutral as 17 gainers were recorded compared to 17 losers.

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:

 /  🏆 3. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

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

Stock Market To Rebound On GDP Growth, Declining Inflation RatesNigerian capital market analysts expected the stock market to close positive this week following growth in Gross Domestic Product(GDP) rate and declining
Källa: LeadershipNGA - 🏆 4. / 77 Läs mer »