Sunday, May 28, 2023
  • HOME
  • MARKETS & COMPANIES
  • BUSINESS & ECONOMY
    • AGRO-ECONOMY
    • AVIATION
    • BRANDS
    • CONSUMER GOODS
    • ECONOMY
    • ENERGY
    • ENVIRONMENT
    • FINANCIAL INCLUSION
    • INSURANCE & PENSIONS
    • INVESTMENT
    • MANUFACTURING
    • MARITIME
    • MONEY
    • MSMEs
    • PRODUCT REVIEW
    • ROAD TRANSPORT
    • SMEs
    • STARTUPS
    • TECH
  • INNOVATION
  • EMPIRE
  • OPINION
  • CULTURAL CURRENTS
  • FEATURES
  • AE MAGAZINE
  • CORPORATE RENDEZVOUS
Financial Street
No Result
View All Result
  • Setup menu at Appearance » Menus and assign menu to Main Navigation
Financial Street
No Result
View All Result

Investors gain N109.2bn as Nigerian stock market rebounds

Ehime Alex by Ehime Alex
March 18, 2021
in Stock Market
0
Investors gain N109.2bn as Nigerian stock market rebounds
2
SHARES
116
VIEWS
Share on FacebookShare on TwitterShare on LinkedInShare on WhatsApp

Trading activity on the floor of the Nigerian Stock Exchange on Thursday returned bullish, as investors bought more of banking stocks, given the recent decline in share prices of most tier-1 banks.

As a result, the All-Share Index rose by 0.54 per cent to close at 38,914.84 basis points.

READ ALSO

NGX ASI closes in green with 1.22% increase

NGX ASI dips by 0.68%, closes at N23.949tn

Also, the market capitalisation appreciated by 0.54 per cent to close at N20.36tn.

Read Also:

  • May 25: Why Politics Matters for Africa’s Development
    May 25: Why Politics Matters for Africa’s Development

At the close of Thursday’s trading session, investors gained N109.2bn. While 22 stocks gained, 12 declined.

Hence, the Year-to-Date loss of the ASI moderated to -3.36 per cent.

Notably, share prices of Guaranty Trust Bank, Zenith Bank, United Bank for Africa and Lafarge Africa rose by 6.43 per cent, 7.32 per cent, 1.43 per cent and 2.73 per cent.

The performance of these stocks lifted the banking and industrial indices by 4.40 per cent and 0.16 per cent.

However, the insurance, consumer goods and oil and gas indices moderated by 0.78 per cent, 0.24 per cent and 0.13 per cent to close in red.

Trading activity was upbeat, as total volume of stocks traded surged by 727.76 per cent to 1.47 billion, as one billion worth of Unity Bank’s stock exchanged hands on Thursday.

Tags: InvestorsNigerianStock market

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
Ehime Alex

Ehime Alex

Ehime Alex reports the Capital Market, Energy, and ICT. He is a skilled webmaster and digital media enthusiast.

Related Posts

NGX ASI closes in green
Front Page

NGX ASI closes in green with 1.22% increase

November 21, 2022
NGX ASI closes in green
Front Page

NGX ASI dips by 0.68%, closes at N23.949tn

November 14, 2022
NGX ASI closes in green
Front Page

Bullish move heralds NGX Nov trade

November 7, 2022
NGX ASI closes in green
Front Page

NGX ASI closes in red

October 31, 2022
NGX ASI closes in green
Stock Market

Bulls return on NGX floor as ASI appreciates by 0.46%

October 17, 2022
NGX ASI closes in green
Front Page

Bearish trend heralds October trading at NGX

October 10, 2022
Next Post
Airtel Africa seals $200m deal with Rise Fund

Airtel Africa seals $200m deal with Rise Fund


Naira4Dollar Rates
ADVERTISEMENT

RECENT STORIES

May 25: Why Politics Matters for Africa’s Development

May 25: Why Politics Matters for Africa’s Development

May 26, 2023
economy

Technocracy: Roadmap to successful Nigerian economy

May 19, 2023
failure

Governance failure kills basic services, says Ezekwesili

April 28, 2023
foreign

Eminent Nigerians, foreigners to honour Ezekwesili at birthday symposium

April 26, 2023
Ezekwesili

Oby Ezekwesili: The joys of sacrifice

April 25, 2023
Muslim

Obiano felicitates with Muslims, urges unity among Nigerians

April 21, 2023
Journey

Journey so far

April 12, 2023

TRENDING

  • naira devaluation

    What naira devaluation means for Nigeria’s economy

    0 shares
    Share 0 Tweet 0
  • The world of POS fraudsters

    0 shares
    Share 0 Tweet 0
  • Why big and small businesses are turning to digital marketing

    5 shares
    Share 5 Tweet 0
  • Issues with PoS business

    0 shares
    Share 0 Tweet 0
  • FairMoney Launches ‘No Excuses’ Campaign

    0 shares
    Share 0 Tweet 0
Financial Street

© Financial Street 2021. All Rights Reserved.

More Links

  • Privacy Policy
  • Terms of Use
  • Contact Us

Follow Us

No Result
View All Result
  • HOME
  • MARKETS & COMPANIES
  • BUSINESS & ECONOMY
    • AGRO-ECONOMY
    • AVIATION
    • BRANDS
    • CONSUMER GOODS
    • ECONOMY
    • ENERGY
    • ENVIRONMENT
    • FINANCIAL INCLUSION
    • INSURANCE & PENSIONS
    • INVESTMENT
    • MANUFACTURING
    • MARITIME
    • MONEY
    • MSMEs
    • PRODUCT REVIEW
    • ROAD TRANSPORT
    • SMEs
    • STARTUPS
    • TECH
  • INNOVATION
  • EMPIRE
  • OPINION
  • CULTURAL CURRENTS
  • FEATURES
  • AE MAGAZINE
  • CORPORATE RENDEZVOUS