Nigerian stocks rise higher amid rush for consumer goods shares

advanced for the thirty-first day on Monday as the benchmark index jumped by 1.9 per cent, strengthening the positive sentiment that has seen a great deal of investors’ cash chase equities for a number of weeks.

“We anticipate a calm atmosphere in the domestic equities space, as investors are likely to revert to standoffish positions in the space following a relatively strong earnings season,” said analysts at investment bank United Capital. Market breadth, a pointer to investors’ sentiment to trade, closed in the positive as 37 gainers emerged compared to 22 laggards.

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.

Bargain Hunting To Continue In Good Fundamental StocksThe bullish momentum in the local bourse gained steam as sustained bargain hunting activities in blue-chip stocks pushed the All-Share Index above the 50,000
Source: LeadershipNGA - 🏆 4. / 77 Read more »