Equities sustain third bullish session with N42bn

Local bourse reclaims N20trn stand after N330bn gain

The Bullish outlook of the Nigerian Stock market sustained it’s third day in a row as the market again commenced week on Monday with another wave of profit to a tune of N42 billion. The appreciation in stock value came on the back of bargain buying in Dangcem and some banking stocks, thus raisin the benchmark index of the market by 28 percentage points. Consequently, the All-Share Index (ASI) added 80.9 points to close at 28,777.96 basis points while market capitalisation rose in the same proportion to close at N15.042…

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Bulls succumb to pressure as profit-taking shaves N50bn off equities assets

Nigerian equities open new year

The Nigerian equities market succumbed to pressure to record first negative daily result in June following overwhelming desires by investors to take profits earlier made on their investments. This was notably recorded in the stocks of MTN Nigeria which slid by -1.7 per cent to dampen market performance on Thursday. Precisely, the All-Share Index (ASI) declined by 0.38 per cent to 25,312.05 basis points  which is the biggest southward move since falling 1.1 per cent on May 12, 2020; and accordingly, Month-to-Date (MtD) return decreased to 0.2 per cent, as…

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