Equities Investment Advances By N3bn

  • 📰 LeadershipNGA
  • ⏱ Reading Time:
  • 65 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 77%

United Kingdom News News

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

Investors in the equities segment of the Nigerian stock market gained N3 billion yesterday as the market reverses the previous day’s losses on renewed

In summary, the All-Share Index grew by 6.17 absolute points, representing an increase of 0.01 per cent to close at 41,813.27 points. While the overall market capitalisation value gained N3 billion to close at N21.825 trillion.

The market gain was driven by price appreciation in large and medium capitalised stocks amongst which are; Nigerian Exchange Group , UPDC Real Estate Investment Trust, Zenith Bank, NEM Insurance and Morison Industries. Market sentiment, as measured by market breadth, was positive as 21 stocks gained, relative to 12 losers. Consolidated Hallmark Insurance recorded the highest price gain of 10 per cent to close at 77 kobo, per share. Mutual Benefits Assurance followed with a gain 9.68 per cent to close at 34 kobo, while Regency Alliance Insurance up by 9.30 per cent to close at 47 kobo, per share.Unity Bank rose by 8.33 per cent to close at 52 kobo, while Wapic Insurance appreciated by 8.

Ecobank Transnational Incorporated shed 3.47 per cent to close at N8.35, while Ardova depreciated by 2.99 per cent to close at N13.00, per share. Meanwhile, the total volume of trades rose by 99.78 per cent to 359.960 million units, valued at N1.844 billion, and exchanged in 3,607 deals. Transactions in the shares of Jaiz Bank topped the activity chart with 97.555 million shares valued at N53.044 million. Sterling Bank followed with 29.447 million shares worth N43.30 million, while UPDC Real Estate Investment Trust traded 14.302 million shares valued at N56.854 million.

 

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

 /  🏆 4. in UK

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.

Equities Investors Record N238bn Investment LossThe Nigerian stock market yesterday commenced trading for this week with a decline of N238 billion. The market resumed trading activities yesterday after
Source: LeadershipNGA - 🏆 4. / 77 Read more »

SEC urges Nigerians to avoid deals with FinAfrica, Poyoyo InvestmentThe Securities and Exchange Commission (SEC) has warned the public against dealings with FinAfrica Investment Ltd and Poyoyo Investment. todayng What has happened to crowdyvestng
Source: NigeriaNewsdesk - 🏆 10. / 63 Read more »

Millions benefited from Buhari's social investment programmes in 2022 - FGThe Federal Government says millions of Nigerians benefitted from President Muhammadu Buhari’s Social Investment Programmes in 2022. Listing the Not millions it Billions
Source: DailyPostNGR - 🏆 11. / 59 Read more »

UAE holds Annual Investment Meeting to boost economyThe United Arab Emirates (UAE) through its Ministry of Economy has concluded plans to hold an Annual Investment Meeting (AIM) from March 29 - 31, 2022
Source: DailyPostNGR - 🏆 11. / 59 Read more »