News Formal

MTN share price leads N112bn market gain

  • 📰 MobilePunch
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

The equities market opened the week with N112bn gain as 16 gainers emerged, led by MTN Nigeria Communications Plc, whose share price increased by 10 per cent on the back of the revocation of its $2bn

tax case in Nigeria.

Analysts at Afrinvest Securities Limited said major price appreciation in MTN Nigeria, United Bank for Africa Plc and UACN Plc drive the positive market performance at the start of the week. The insurance and oil and gas indices also inched higher by 0.30 per cent and 0.07 per cent due to gains in AXA Mansard Insurance Plc, Lasaco Assurance Plc and Oando Plc.

Investor sentiment strengthened as market breadth advanced to 0.7x from the 0.4x recorded on Friday as 16 stocks outperformed 21 laggards.

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:

 /  🏆 8. in ZA
 

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

South Africa South Africa Latest News, South Africa South Africa Headlines

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

NSE market capitalisation gains N2.22 trillion in seven days - Premium Times NigeriaAmbrose Omordion, the Chief Operating Officer, InvestData Ltd, attributed the growth to activities of investors who anticipate higher dividend yields.
Source: PremiumTimesng - 🏆 3. / 78 Read more »