News Formal

Nigerian stocks garner N17 billion gain but ebbing trade volume casts gloom

  • 📰 PremiumTimesng
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 78%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

Friday’s trade plunged by almost half, but gains by Union Bank, which Thursday was acquired by little-known Titan Trust Bank, helped steer the rise.

Nigerian stocks lifted by 0.08 per cent Friday as the value of shares added N16.9 billion, supported by more readiness by investors to hold shares than sell them.

Trade ended with market breadth, often used by market watchers to determine the depth of investors’ sentiment to trade and the possible direction trade will swing next, closing on a negative note as 13 losers were recorded compared to 12 gainers. Sovereign Trust added 8.33 per cent to end trade at N0.26. PZ went up by 7.20 per cent to N6.70. Vitafoam rose to N22.50, notching up 4.41 per cent.TOP FIVE LOSERS

Japaul eased to N0.37, recording 2.63 per cent depreciation. UPDC REIT closed at N4, going down by 2.44.In total, 111.8 million shares estimated at N911.9 million were traded in 2,072 deals.

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 UK
 

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

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

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

Nigerian stocks plunge deeper on investors’ waning risk appetiteMTNN, Nigeria’s biggest public company by revenue, together with FBN Holdings and Zenith steered the fall.
Source: PremiumTimesng - 🏆 3. / 78 Read more »