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Stocks Gain N719bn In Two Days - Business - Nairaland 6t1c4

Stocks Gain N719bn In Two Days (3594 Views)

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Truth234(m): 4:44am On Jul 27, 2017
The Nigerian stock market soared by N719bn in two days on Wednesday after 33 firms recorded gains in their share prices, with 17 plummeting.

The market has recorded three straight gains this week, with the market capitalisation on Monday, Tuesday and Wednesday closing at N11.943tn, N12.246tn and N12.662tn, respectively.

A total of 335.339 million shares valued at N4.643bn exchanged hands in 5,385 deals on Wednesday, as the Nigerian Stock Exchange All-Share Index closed at 36,740.77 basis points from 35,533 basis points recorded on Tuesday.

Stocks surged 3.4 per cent on Wednesday to a 32-month high on improving sentiment after most listed firms announced increases in half-year earnings, traders said.

The main share index neared the 37,000 point index level last reached in November 2014. The bourse settled the year-to-date return at 36.71 per cent.

Conoil Plc was the best performing stock, advancing by 10.21 per cent to close at N33.04.

Fidson Healthcare Plc, Oando Plc, Presco Plc and Zenith Bank Plc followed on the gainers’ table, appreciating by 10.06 per cent, 7.01 per cent, 6.95 per cent and 6.67 per cent.

On the other hand, Aiico Insurance Plc recorded the highest decline, dipping by 5.26 per cent to close at N0.54.

SCOA Plc, Union Bank of Nigeria Plc, Neimeth International Pharmaceutical Plc and Custodian and Allied Plc followed on the losers’ chart, sliding by 4.77 per cent, 4.57 per cent, 4.55 per cent and 4.49 per cent, respectively.

http://investorsking.com/stocks-gain-n719bn-two-days/
Freetech: 5:03am On Jul 27, 2017
Recession bye bye

4 Likes

boman2014: 7:41am On Jul 27, 2017
good
jegz25(m): 7:42am On Jul 27, 2017
nobody is talking about recession now
spongeisback: 7:42am On Jul 27, 2017
The economy will not feel the effect...only a few will benefit...Nigeria cry cry cry

3 Likes

Atiku2019: 7:44am On Jul 27, 2017
God Bless Nigeria
realone2012: 7:45am On Jul 27, 2017
spongeisback:
The economy will not feel the effect...only a few will benefit...Nigeria cry cry cry
At least, let's be positive for once. Everything starts from something!

6 Likes

Trendirabingi: 7:46am On Jul 27, 2017
How can one key into this stock market business ati financial trade?
realone2012: 7:47am On Jul 27, 2017
Trendirabingi:
How can one key into this stock market business ati financial trade?
By having a Public Company. then the securities (shares) of your company would be traded by SEC (Securities and Exchange Commission) for the public to invest in.
There is more to it, but that's just for a layman's understanding.

5 Likes

moao(m): 7:48am On Jul 27, 2017
good one ,we'll soon get there
adeblow(m): 7:49am On Jul 27, 2017
interesting God bless PMB/PYO

1 Like

Primusinterpares(m): 7:50am On Jul 27, 2017
You mean they made that like gain in 2 days But this is Nigeria...They will still go an borrow...
Viergeachar: 7:53am On Jul 27, 2017
The more reason PMB should stay back in London.

1 Like

Matican: 8:04am On Jul 27, 2017
Viergeachar:
The more reason PMB should stay back in London.

News of the stocks doing good may not be unconnected to news of PMB's bettering health.

1 Like

Trendirabingi: 8:05am On Jul 27, 2017
realone2012:
By having a Public Company. then the securities (shares) of your company would be traded by SEC (Securities and Exchange Commission) for the public to invest in.
There is more to it, but that's just for a layman's understanding.
Gud.. Kind of discussions one loves to have
martineverest(m): 8:08am On Jul 27, 2017
Where are the recessionist crooners
theSpark(m): 8:30am On Jul 27, 2017
Matican:


News of the stocks doing good may not be unconnected to news of PMB's bettering health.

Very likely
burkingx(f): 9:39am On Jul 27, 2017
cheesy

joenor(m): 9:40am On Jul 27, 2017
Ok Na
folahann(m): 9:42am On Jul 27, 2017
Economy oya gbera!

1 Like

Viergeachar: 10:20am On Jul 27, 2017
Matican:


News of the stocks doing good may not be unconnected to news of PMB's bettering health.

Hahaha

Smart one.

But you know it's a lie.
yhemster(m): 11:48am On Jul 27, 2017
NSE hhhhmmmm, such a volatile market. Gains almost a Trillion naira in a 2days and can also lose the same amount in 2 hours. I see it as a dump and pick market. Investors dump their money and in 2 day they can ask for it money back.
.....Get enlightened
apesinola001: 12:12pm On Jul 27, 2017
Nice one
streets2empire: 3:35pm On Jul 27, 2017
This is good news for the country.

Meanwhile check this artilcle out, 15 things people living in rented apartment can relate to: http://m.af1234.com/Af1234/details?id=8

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