Stock Market To Witness Mixed Trading This Week

  • 📰 LeadershipNGA
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 77%

United States News News

United States United States Latest News,United States United States Headlines

Capital market analysts said, following the latest trend in the Nigerian equities space, the market is likely to see mixed trading this week.

“This will result in market players targeting fundamentally sound and dividend-paying stocks in the hope of dividend announcements. This is happening amidst the expectation of interim dividend-paying corporate earnings, among others game-changers.”

In the new week, analysts at Cowry Assets Management Limited expected the market to trade in a mixed sentiment as the dividend season draws near for investors to continue their profit-making activities, saying “we will continue to advise investors to trade on companies’ stocks with sound fundamentals and a positive outlook.”

The market breadth for the week was negative as 19 equities appreciated in price, 36 equities depreciated in price, while 101 equities remained unchanged. Cornerstone Insurance led the gainers table by 26.32 per cent to close at 72 kobo, per share. Seplat Energy followed with a gain of 10.00 per cent to close at N143.50, while Linkage Assurance went up by 9.43 per cent to close to 58 kobo, per share.

 

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 US

United States United States Latest News, United States United States Headlines

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

Real estate global market to reach $5.85 trillion by 2030 | The Guardian Nigeria News - Nigeria and World NewsThe global real estate market size is expected to reach $5.85 trillion by 2030, registering a compound yearly growth rate (CAGR) of 5.2 per cent from 2022 to 2030. The market was estimated to be valued at $3.8 trillion in 2022.
Source: GuardianNigeria - 🏆 1. / 94 Read more »

UBA, GTCO, others lift market turnover by N14.8 billion | The Guardian Nigeria News - Nigeria and World NewsHeavy transactions in the shares of United Bank for Africa (UBA), Guaranty Trust Holding Company Plc (GTCO) and Access Holdings Plc lifted the volume of shares traded last week, as a turnover of 917.2 million shares ...
Source: GuardianNigeria - 🏆 1. / 94 Read more »