News Formal

Nigerian stocks climb for ninth trading day but trade stays muted

  • 📰 PremiumTimesng
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 78%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

The NGX 30 – the index that tracks the progress of Nigeria’s top 30 firms in liquidity and market value terms – moved close to the peak...

stretched their gaining run for the ninth successive trading day on Thursday, pushing the main equity index by 0.18 per cent.

But liquidity remains low as the average daily transaction volume since 2022 turned still straggles far behind pre-pandemic levels. The figure for the day was weaker by as much as 30 per cent compared to the previous session’s. The Oil & Gas Index surged 1.61 per cent, leading the pack of the five sector indexes tracked by the exchange, and that was thanks to huge demand for shares in Oando as well as Eterna.

, which measures investors’ sentiment towards trade, was positive as 29 advancers reported against 9 losers.

 

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:

 /  🏆 3. 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.

ISWAP Terrorists Claim Bombing At Taraba Market ‘Where Alcohol Is Sold’, Says About 30 Killed Or Injured | Sahara ReportersThe explosion which occurred on Tuesday marks an expansion of the area where the ISIL affiliate operates in Nigeria. One Nigeria 30 killed or injured. You self confuse
Källa: SaharaReporters - 🏆 9. / 63 Läs mer »

EXPLAINER: How Nigeria’s newly launched exchange-traded derivatives market can profit stock investorsThe NGX has lined up seven derivative contracts for the first phase, all of which have gained the consent of the Securities and Exchange Commission.
Källa: PremiumTimesng - 🏆 3. / 78 Läs mer »