• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Saturday, August 2, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Equities Sustain Uptrend As Investors Gain N532bn

by Olushola Bello
3 years ago
in Business
Equities
Share on WhatsAppShare on FacebookShare on XTelegram

The Nigerian equities market yesterday sustained uptrend as investors investments rose by N532 billion, following buying interest in 18 stocks.

Advertisement

The All Share Index (ASI) rose by 986.63 points, representing a growth of 2.03 per cent to close at 49,661.87 points. Accordingly, investors gained N532 billion in value as market capitalisation went up to N26.786 trillion.

The upturn was impacted by gains recorded in medium and large capitalised stocks, amongst which are; Airtel Africa, Nestle Nigeria, BUA Foods, Nigerian Exchange Group (NGXGroup) and Learn Africa.

On market outlook, analysts at GTI Securities Limited said: “the bullish outcome of the stock market was driven by investors’ bargain hunting in some bell-whether stocks. There are mixed expectations as investors continue to make investment decisions, as more companies release their Q2 results.”

Market breadth closed positive as 18 stocks recorded gains relative to 11 losers. Computer Warehouse Group (CWG) recorded the highest price gain of 10 per cent, to close at 99 kobo, while Learn Africa followed with a gain 9.78 per cent to close at N2.47, per share.

RELATED

NSC Holds Maritime Seminar For Judges

Shippers’ Council Blocks Questionable N52bn Forex Repatriation, Resolves N2bn Trade Disputes

17 hours ago
Mixed Performance On Equities Expected This Week

Stock Market Investors Gain N12.47trn In July

17 hours ago

Multiverse Mining and Exploration and Caverton Offshore Support Group  went up by 9.52 per cent each to close at N2.30 and N1.15 respectively, while Chams appreciated by 8.00 per cent  to close at 27 kobo,  per share.

On the other hand, Mutual Benefits Assurance led the losers’ chart by 9.68 per cent to close at 28 kobo, per share. Honeywell Flour Mills  followed with a decline of 8.42 per cent to close at N2.72,  while Flour Mills of Nigeria shed 7.06 per cent to close at N27.00, per share.

Unity Bank shed 4.76 per cent to close at 40 kobo, while FCMB Group went down by 3.51 per cent to close at N3.02, per share.

Total volume traded increased by 32.15 per cent to 226.473 million shares, worth N2.764 billion, and traded in 3,515 deals. Transactions in the shares of Mutual Benefits Assurance topped the activity chart with 74.544 million shares valued at N22.838 million.

FBN Holdings followed with 23.429 million shares worth N251.880 million, while Access Holdings  traded 15.845 million shares valued at N130.192 million.

United Bank for Africa (UBA) traded 15.253 million shares valued at N107.071 million, while NEM Insurance transacted 13.485 million shares worth N62.124 million.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel




Tags: equities
SendShareTweetShare
Previous Post

GTCO Holds Autism Conference In Lagos Next Week

Next Post

ALAT Introduces NQR To Simplify Payments, Collections

Olushola Bello

Olushola Bello

You May Like

NSC Holds Maritime Seminar For Judges
Business

Shippers’ Council Blocks Questionable N52bn Forex Repatriation, Resolves N2bn Trade Disputes

2025/08/01
Mixed Performance On Equities Expected This Week
Business

Stock Market Investors Gain N12.47trn In July

2025/08/01
Disruptions Loom In Oil, Gas Sector Over Helicopter Landing Fee
Business

NAMA Conducts Simulation Exercise For Air Emergency Response At Abuja Airport

2025/08/01
Nigerians Groan As SIM Registration, Swap Halted Over NIMC System Migration
Business

SIM Registration: Telcos Resume NIN Verification Services For Subscribers

2025/08/01
NASD Elects Olayimikah Bolo As Chairman
Business

NASD Elects Olayimikah Bolo As Chairman

2025/08/01
MTN Allots Incentive Shares, As Trading Opens With N4bn Loss
Business

MTN Nigeria Adopts Customer-Centric Approach For Growth

2025/08/01
Leadership Conference advertisement

LATEST

‘I Don’t Identify With Nigeria Anymore, UK Now Home,’ Says Kemi Badenoch

PICTORIAL: Bianca Meets Ghana’s President Mahama Over Anti-Nigerian Protests

Dunamis Founder Enenche Speaks On ‘Blanket Of Evil’ Over Nigeria

2027: ADC Will Unseat Tinubu, Says Dino Melaye

‘I Follow Christ, Not Any Politician’, Dino Melaye Speaks On Loyalty To Atiku, Political Independence

JUST-IN: Nurses Adamant, Say Negotiators Can’t End Strike

Again, NPF, PSC Clash Over Police Academy Admissions

Bauchi Police Nab Varsity Student Over Alleged Theft Of Father’s Truck

NCSCN Honours Ogbara With Humanitarian Service Award

Tinubu Replaces Ganduje’s Ally Gawuna With Kaita As BUK Governing Council Chairman

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.