• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
Thursday, June 30, 2022
Leadership News
Read in Hausa
  • Home
  • NewsLatest
    • World News
    • ASUU News
  • Politics
  • Business
  • Sports
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
  • Columns
  • Others
    • How-to
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Podcast
No Result
View All Result
  • Home
  • NewsLatest
    • World News
    • ASUU News
  • Politics
  • Business
  • Sports
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
  • Columns
  • Others
    • How-to
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Podcast
No Result
View All Result
Leadership News
No Result
View All Result
Home News Business

Stock Market Rises By N100bn

by Olushola Bello
3 weeks ago
in Business
0
Stock
Share on WhatsAppShare on FacebookShare on TwitterTelegram

The domestic stock market yesterday sustained the bullish momentum with N100 billion gain, following bargain hunting in MTN Nigeria Communications (MTNN) and 14 others.

The All-Share Index (ASI) grew by 184.42 absolute points, representing a growth of 0.35 per cent to close at 53,270.88 points. Similarly, the overall market capitalisation value gained N100 billion to close at N28.719 trillion.

The market upturn was driven by price appreciation in large and medium capitalised stocks amongst which are; MTNN, UAC of Nigeria (UACN), GlaxoSmithKline Consumer Nigeria (Glaxosmith), Global Spectrum Energy Services and Nigerian Exchange Group (NGXGroup).

Analysts at GTI Securities Limited said: “the stock market closed positively, as bargain hunting was seen in all the major sectors. We expect cautious trading to continue.”

As measured by market breadth, market sentiment was positive, as 16 stocks gained relative to 15 losers. Global Spectrum Energy Services recorded the highest price gain of 10 per cent to close at N2.75, per share. Jaiz Bank followed with a gain 7.95 per cent to close at 95 kobo, while Japaul Gold and Ventures went up by 6.67 per cent to close at 32 kobo, per share.

Glaxosmith rose by 5.11 per cent to close at N7.20, while UACN gained 4.55 per cent to close at N11.50, per share. On the other hand, Cutix led the losers’ chart by 10 per cent to close at N2.61, per share. Cadbury Nigeria followed with a decline of 5.93 per cent to close at N16.65, while FTN Cocoa processors lost 5.56 per cent to close at 34 kobo, per share.

RELATED

FEC Okays NNPC, ECOWAS’ Nigeria-Morocco Gas Pipeline Deal

FEC Okays Reforms To Aid N3.8trn Non-oil Revenue Growth Annually

1 hour ago
OPEC

OPEC Likely To Raise Production In August

1 hour ago

Wapic Insurance lost 4.76 per cent to close at N7.20, while Honeywell Flour Mill shed 4.55 per cent to close at N3.15, per share.

Meanwhile, the total volume of trades dipped by 68.95 per cent to 234.624 million units, valued at N2.745 billion, and exchanged in 4,232 deals.

Transactions in the shares of Transnational Corporation of Nigeria (Transcorp) topped the activity chart with 30.433 million shares valued at N37.213 million. United Bank for Africa (UBA) followed with 25.801 million shares worth N201.338 million, while Chams traded 20.525 million shares valued at N4.929 million.

NGXGroup traded 18.532 million shares valued at N459.962 million, while Fidelity Bank transacted 17.510 million shares worth N59.352 million.

 


HOW MY CHINESE DOCTOR RECOMMEND THIS MAGIC DRUGS THAT HELP WOMEN PREVENT AND TREAT BREAST CANCER AND ALSO HELP MEN PREVENT AND CURE PROSTRATE ISSUE PERMANENTLY WITHOUT SIDE EFFECTS AND REMISSION!!INEVER BELIEVE IT!!
SendShareTweetShare
ADVERTISEMENT
Previous Post

Financial Sector Contributes N696bn To Economy

Next Post

AEDC Vows Legal Actions Against EFCC Over Alleged Staff Assault, Invasion

ANOTHER GOOD READ

FEC Okays NNPC, ECOWAS’ Nigeria-Morocco Gas Pipeline Deal
Business

FEC Okays Reforms To Aid N3.8trn Non-oil Revenue Growth Annually

1 hour ago
OPEC
Business

OPEC Likely To Raise Production In August

1 hour ago
FIRS
Feature

Harmonising Nigeria’s Fragmented Tax System

2 hours ago
electricity
Business

Boosting Industrial Energy Performance Through UNIDO-GEF Partnership

16 hours ago
boris johnson
Business

UK To Invest £235m In Africa’s Hydropower Industry

19 hours ago
High Operational Cost: Companies Sack 40% Staff – MAN
Business

High Operational Cost: Companies Sack 40% Staff – MAN

19 hours ago
Next Post
Silent Corruption Under Democracy

AEDC Vows Legal Actions Against EFCC Over Alleged Staff Assault, Invasion

LATEST UPDATES

Power Shift: Why I Revolted Against Northern APC Govs – Kogi Gov

Revisiting Bello’s Millionaire’s Claim In Kogi

June 30, 2022
FEC Okays NNPC, ECOWAS’ Nigeria-Morocco Gas Pipeline Deal

FEC Okays Reforms To Aid N3.8trn Non-oil Revenue Growth Annually

June 30, 2022
OPEC

OPEC Likely To Raise Production In August

June 30, 2022
Digital Skills: Pantami Commends NITDA, CISCO For Supporting Academic Institutions

Digital Skills: Pantami Commends NITDA, CISCO For Supporting Academic Institutions

June 30, 2022
FIRS

Harmonising Nigeria’s Fragmented Tax System

June 30, 2022
Constitution Amendment: 3 Months After, State Assemblies Foot-drag Over Exercise

Constitution Amendment: 3 Months After, State Assemblies Foot-drag Over Exercise

June 30, 2022
PDP

11 PDP Governors Boycott Osun Campaign Council Inauguration

June 30, 2022
Ekweremadu

Alleged Organ Harvesting: Ekweremadu, Wife May Return To Court Today

June 30, 2022

© 2022 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
    • World News
    • ASUU News
  • Politics
  • Business
  • Sports
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
  • Columns
  • Others
    • How-to
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Podcast

© 2022 Leadership Media Group - All Rights Reserved.