Equity index jumps 4.9% as investors shares another N709bn profit

Local bourse reclaims N20trn stand after N330bn gain

Market posts highest daily return since April, 2015 Bargain hunting, liquidity as the driving forces MTNN, Dangcem, others claim lion shares ______________________________________________ The equities market in Nigeria is growing stronger by the day following 4.9 per cent improvement it recorded on Tuesday, as prices rose on liquidity and high expectations of Q3 earnings. Consequently, bargain buying of large cap stocks continued on the floor of the Nigerian Stock Exchange (NSE) during the session, as investors continued to seek real returns, amidst abysmal fixed income yields. Thus, investors’ interest in DANGCEM…

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Resilience: Nigerian equities post 0.67% uptick

equities, capital market, NSE NSE, equities, Index, ASI, Investors

Amidst profit-taking, the Nigerian equities market survived pressure to close in the green territory last week with 0.67 per cent rise in the All-Share Index (ASI). Although, it was a holiday-shortened week with just four trading sessions, activities favoured the bulls and investor recouped N87 billion profit, jacking up the equities market capitalization to N13.137 trillion to close the week. Similarly, the NSE ASI added 166.37 points to close at 25,182.67 basis points, and accordingly, Month-to-Date (MtD) and Year-to-Date (YtD) losses moderated to -0.3 per cent and -6.2 per cent…

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