News Formal

Nigerian stocks climb after record trade volume boosted by BUA Foods

  • 📰 PremiumTimesng
  • ⏱ Reading Time:
  • 60 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 78%

South Africa News News

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

The food company marked its arrival with a 10 per cent jump in share price to N44 after listing 18 billion units of its common stock ...

, an indicator of investors’ sentiment towards trade, closed was positive as 22 advancers emerged, relative to 17 gainers.

The all-share index lifted by 429.97 basis points to 43,476.75, while market capitalisation jumped to N22.64 trillion.Airtel Africa led gainers, appreciating by 10 per cent to close at N1,050.50. BUA Cement grew by 10 per cent to end trade at N4.40. Oando went up by 9.73 per cent to N4.85. AIICO rose to N0.78, notching up 8.33 per cent in the process. Ardova climbed up by 7.69 per cent to N12.60.topped the losers’ chart declining by 9.62 per cent to close at N0.47. Royal Exchange shed 9.41 per cent to end trade at N0.77. Regal Insurance fell to N0.45, losing 8.16 per cent in the process.

Union Bank dipped to N5.40, recording 6.90 per cent depreciation. Mutual Benefits closed at N0.30, going down by 6.25 per cent.BUA Group was the most active stock, trading 1 billion shares worth N40.5 billion traded in 74 deals. Wema Bank shares of 25 million units priced at N19 million exchanged hands in 142 transactions.

Transcorp had 25 million shares valued at N25 million traded in 108 deals. NGX Group traded 14.5 million shares estimated at N285.7 million in 100 transactions. Sovereign Trust traded 11.1 million shares valued at N2.9 million in 16 deals.

 

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:

 /  🏆 3. in ZA

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.

BUA Foods lists 18 billion shares, now Nigeria’s second biggest consumer goods’ firm by market valueBUA Foods was listed at N40 per unit but appreciated by 10 per cent on the day of its admission, putting its valuation at N792 billion.
Source: PremiumTimesng - 🏆 3. / 78 Read more »

BUA Foods lists 18 billion shares, now Nigeria’s second biggest consumer goods’ firm by market valueBUA Foods was listed at N40 per unit but appreciated by 10 per cent on the day of its admission, putting its valuation at N792 billion.
Source: PremiumTimesng - 🏆 3. / 78 Read more »

Nigerian stocks add N172 billion hit five-week peakBUA Cement and lenders Zenith Bank and Stanbic IBTC Bank helped pushed total gains on Tuesday.
Source: PremiumTimesng - 🏆 3. / 78 Read more »