Equities rebound as Dangcem, MTN, 9 others net N83bn gain

Local bourse reclaims N20trn stand after N330bn gain

Equities rebound as Dangcem, MTN, 9 others net N83bn gain   The domestic equities rebounded on Tuesday from the bearish close the previous session, following investors’ buying interest in bellwethers – DANGCEM (+3.6%) and MTNN (+1.2%). Accordingly, the benchmark index advanced by 0.41% or 158.97 points to 38,720.81 points. Similarly, market cap of stocks appreciated by N83 billion to close at N20.259 trillion from N20.176 trillion it opened the session. Consequently, the Month-to-Date (MtD) and Year-to-Date (YtD) losses moderated to -2.7% and -3.9%, respectively. The total volume traded increased by…

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Stock market index sustains uptrend by 1.20%

Nigerian equities extends gain on Tuesday to cross N20trn market value

Stock market index sustains uptrend by 1.20%   Bulls extended their dominance in the Nigerian equity market to seventh successive sessions on Tuesday, as the All-Share Index (ASI) appreciated by 1.20 per cent. At the close of transactions, the ASI gained 450.21 absolute points, representing a gain of 1.20 per cent to close at 37,893.61 points. Similarly, the overall market capitalisation appreciated by N235 billion to close at N19.805 trillion. The uptrend was driven by price appreciation in medium and large capitalised stocks, including Dangote Cement, Eterna, Cadbury Nigeria, Zenith…

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NSE opens week with N82bn gain

Stock bull

The Nigerian Stock Exchange (NSE) opened the week with positive trading on Monday resulting in N82 billion gain for investors in the domestic equities market. Specifically, the All Share Index (NS) which is the tracker of share prices in the market notched a 0.45 per cent increase to close 35,042.14 basis points while the aggregate value of equity investment in the market hit N18.31 trillion. The performance was supported by significant interest in AIRTELAFRI (+10.0 per cent) from foreign investors, as they exploited the fungible stock as a means of…

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