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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
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jegz25(m): 7:42am On Jul 27, 2017 |
nobody is talking about recession now
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spongeisback: 7:42am On Jul 27, 2017 |
The economy will not feel the effect...only a few will benefit...Nigeria ![]() ![]() ![]() 3 Likes |
Atiku2019: 7:44am On Jul 27, 2017 |
God Bless Nigeria
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realone2012: 7:45am On Jul 27, 2017 |
spongeisback: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?
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realone2012: 7:47am On Jul 27, 2017 |
Trendirabingi: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
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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 ![]() |
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: 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:Gud.. Kind of discussions one loves to have |
martineverest(m): 8:08am On Jul 27, 2017 |
Where are the recessionist crooners
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theSpark(m): 8:30am On Jul 27, 2017 |
Matican: Very likely |
burkingx(f): 9:39am On Jul 27, 2017 |
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joenor(m): 9:40am On Jul 27, 2017 |
Ok Na
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folahann(m): 9:42am On Jul 27, 2017 |
Economy oya gbera!
1 Like |
Viergeachar: 10:20am On Jul 27, 2017 |
Matican: 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
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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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Cost Of Clearing Container Of 20ft And 40ft At Lagos Sea Ports Apapa And Tincan
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