Stock Market Appreciates by N62bn as Investors’ Sentiment Persist – THISDAYLIVE

The Nigerian equities market ended last week positively, gaining N62 billion in market capitalisation amid weak investors sentiment trading in some highly capitalised stocks.

Across the sectors last week, sentiment was largely downbeat for most of the indices as NGX Insurance, NGX Banking and NGX Consumer Goods indices lost 3.32 per cent, 0.9 per cent and 0.63 per cent week on week respectively. On the other side, FTN Cocoa Processors led the decliners table by 15.15 per cent to close at 28 kobo, per share. Prestige Assurance followed with a loss of 13.04 per cent to close at 40 kobo, while Japaul Gold & Ventures declined by 11.76 per cent to close at 30 kobo, per share.

The Consumer Goods Industry followed with 78.603 million shares worth N2.218 billion in 2,993 deals, while the Conglomerates Industry pulled a transaction of 59.564 million shares worth N110.109 million in 788 deals. They are of the view that market players are looking forward to full-year audited results of listed companies with December year-end to start rolling in any moment from next week. Just as January inflation report is also expected to hit the market next week.

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.

New naira: FCT market women decry low salesMarket women in the Federal Capital Territory have decried low patronage, attributing it to poor circulation of the new naira notes. Are you sure the new note is really scarce? Guess officialABAT and KashimSM have a different view on that. Then let them look for an alternative to receive and pay at the point of restock and all will be back to normal government can not play all part in this alone.
Source: MobilePunch - 🏆 8. / 63 Read more »

EGIE AKPATA : There’s Little Impact of Election Preparation on Financial Market Activities – THISDAYLIVEBritish colony colonised USA until someone like Peter Obi came into Power,chase them away to give Americans independence hardship permanently end. Whoever lost their Father from snake bites venom will always run away whenever they sees the head of a Lazerd. Vote for Peter Obi
Source: THISDAY LIVE - 🏆 14. / 51 Read more »

Peter Obi mobbed at Alaba international market in Lagos [Photos]The popular Alaba International Market in Lagos shut down on Saturday during the visit of Labour Party (LP) presidential flagbearer, Peter Obi. The Nigeria incoming president Go and get your sources right
Source: DailyPostNGR - 🏆 11. / 59 Read more »