Nigerian stocks jumped for the fifth straight trading session on Monday, pushing the benchmark index up by 0.10 per cent and bringing it close to its summit in the roughly four years since January 29, 2018.
“We expect the market to maintain its bullish momentum as investors continue to take positions ahead of the dividend season amidst pockets of profit taking,” analysts at brokerage house United Capital said of this week in an outlook note seen by PREMIUM TIMES. NPF Microfinance Bank rose to N1.98, notching up 6.45 per cent in the process. NEM completed the top 5, climbing by 6.02 per cent to N4.40.NNFM topped losers, declining by 9.66 per cent to close at N6.55. Union Bank shed 6.90 per cent to end trade at N5.40. Red Star Express fell to N3.23, losing 6.38 per cent.
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