Tech stocks, bellwethers lead N297bn gain as NSE sustains uptrend

Tech stocks, bellwethers lead N297bn gain as NSE sustains uptrend

Index surpasses 27,000 points Better performance last seen May 5 Zenith emerges investors’ favourite 36 bulls crush 10 bears ______________________________________ Building on its bullish performance from previous sessions, the Nigerian Stock Exchange (NSE) remained positive as the market opened on Monday for another weekly investment adventure. Trading in the domestic equities attained a new height at the end of the session, riding on massive interest in the shares of MTN Nigeria which grew +3.9 per cent, Airtel Africa  with +5.3 per cent appreciation and some other bellwethers that inspired the…

Read more

NCC counts listing gains as MTN shareholders make N1trn in 6 months

NCC Counts Gains of MTN Listing in Capital Market.

The regulatory action taken by the Nigerian Communications Commission (NCC) to facilitate the listing of MTN Nigeria on the country’s stock exchange market is yielding impressive results for the investing community. According to Umar Danbatta, the executive vice chairman of the commission, the listing of the telco has continued to bring economic gains to Nigeria and Nigerians in terms of boosting market capitalisation and yielding dividends to shareholders. This was in response to a report by market analysts that MTN investors have recouped approximately N1 trillion in price appreciation and…

Read more