The All-Share Index gained 1,563.28 points, representing a gain of 2.48 per cent, the highest point since March 17, 2008, to close at 64,603.69 points. Also, market capitalisation rose by N851 billion to close at N35.177 trillion.
The upturn was driven by price depreciation in large and medium capitalised stocks amongst which are; Dangote Cement, Conoil, MRS Oil Nigeria, MTN Nigeria Communications and Stanbic IBTC Holdings. This week, analysts at United Capital Plc said: “we expect the bullish sentiments in the equities market to persist on the back of the attractiveness of the market over the depressed rates in the fixed-income market.
“Also, we believe the positive sentiments around the new policies to continue to drive the rally in the market. Lastly, we expect investors to begin to take positions ahead of the upcoming Q2, 2023 earnings season.” As measured by market breadth, market sentiment was positive, as 71 stocks gained relative to 19 losers. DAAR Communications, Dangote Cement, MRS Oil Nigeria, Neimeth International Pharmaceuticals and Jaiz Bank emerged the highest price gainer of 10 per cent each to close at 22 kobo, N330.10, N109.45, N2.20 and N1.98 respectively, per share.
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
Fire destroys goods worth millions in Aba marketGoods worth millions of naira and cash were destroyed in a night fire incident at Powerline Market, Aba, Abia State. The fire, according to a resident of
Källa: DailyPostNGR - 🏆 11. / 59 Läs mer »
Leather products, machines worth over N3bn destroyed as fire razes Aba market | TheCableLeather products, raw materials and machines worth over N3 billion have been destroyed by fire in a market in Aba, Abia.
Källa: thecableng - 🏆 2. / 80 Läs mer »
Goods worth 'over N3bn' destroyed as fire razes Aba market | TheCableLeather products, raw materials and machines worth over N3 billion have been destroyed by fire in a market in Aba, Abia.
Källa: thecableng - 🏆 2. / 80 Läs mer »
Fire guts Aba international marketGoods and properties estimated at billions of naira were destroyed during a fire outbreak at the power line section of Ariaria International Market, Aba, the commercial hub of Abia State.[ad] The power line zone is where mechanical parts, raw materials, shoe-making equipment and allied appliances are sold.The Guardian learnt that the fire started late Saturday night and raged till Sunday morning before it was put out by firefighters.
Källa: GuardianNigeria - 🏆 1. / 94 Läs mer »