Thursday, February 2, 2023
No Result
View All Result
SUBSCRIBE
eNaira Online News
  • Home
  • eNaira
  • Capital Market
  • Business
  • Finance
  • Banking
  • PF
  • Companies
  • Crypto
  • Real Estates
  • Opinion
  • Home
  • eNaira
  • Capital Market
  • Business
  • Finance
  • Banking
  • PF
  • Companies
  • Crypto
  • Real Estates
  • Opinion
eNaira Online News
No Result
View All Result

Nigeria stocks defy rate hike, gain N302bn

by e-Naira Online News
May 26, 2022
in Capital Market
Reading Time: 2 mins read
A A
0
Home Capital Market
Share on FacebookShare on Twitter


Nigeria’s equities market furthered its gain on Thursday by 1.06 percent or about N302billion, thereby defying analysts expectations that it will begin to record sell-off following recent monetary policy rate (MPR) hike to 13percent which makes fixed income attractive.

Lafarge Africa and others led the market to positive close after its share price moved up from N26.50 to N28.15, adding N1.65 or 6.23percent.

It was followed by Industrial and Medical Gases which also rose, from N10 to N11, adding N1 or 10.percent.

Other top advancers include Champion Breweries which moved from N3.42 to N3.76, up by 34 kobo or 9.94 percent; Linkage Assurance which increased from 55kobo to 60kobo, up by 5kobo or 9.09 percent and Livestock Feeds which rallied from N1.36 to N1.46, adding 10kobo or 7.35percent.

Read also: Nigeria stocks shed N60bn in sell-pressured week

The market’s benchmark performance indicators – the Nigerian Exchange Limited (NGX) All-Share Index (ASI) and Market Capitalisation increased further on Thursday from 52,591.41 points and N28.352trillion respectively to 53,151.32 points and N28.654trillion.

Also, the stock market’s positive return year-to-date (YtD) increased to 24.43percent.
In 5,501 deals, investors on Thursday exchanged 266,184,507 shares valued at N5.115billion.

Transcorp, Access Holdings, GTCO and Jaiz Bank were actively traded stocks on the Bourse.

Unrep desktop



Source link

Tags: defyGainhikeN302bnNigeriaRatestocks
Previous Post

How real estate investment can help diversify asset portfolio, mitigate risk – Arc Homes CEO

Next Post

NGX gains N302 billion as IMG, Champion lead gainers to sustain bullish rally

Related Posts

Capital Market

Seplat, Nahco, others cause market’s positive start to February

by e-Naira Online News
February 1, 2023
Capital Market

NGX closes positive as investors gain N142 billion

by e-Naira Online News
February 1, 2023
Capital Market

NGX closes January positive with N44 billion gains — Business — The Guardian Nigeria News – Nigeria and World News

by e-Naira Online News
February 1, 2023
Capital Market

Bourse closes bullish with market cap up N44m – Businessamlive

by e-Naira Online News
January 31, 2023
Capital Market

International Organization of Securities Commissions revises its 2011 principles 

by e-Naira Online News
January 31, 2023
Next Post

NGX gains N302 billion as IMG, Champion lead gainers to sustain bullish rally

Trust experts, CMOs chart ways to robust trust structure in Nigeria – Businessamlive

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest

British American Tobacco earns alliance for Water Stew — Opinion — The Guardian Nigeria News – Nigeria and World News

January 29, 2023

Crypto Bank Custodia Denied Membership in US Federal Reserve System – Finance Bitcoin News

January 29, 2023

Vitafoam Plc advocates special FX window for manufacturing sector

January 28, 2023

NIMASA plots CVFF disbursement strategy with banks — Business — The Guardian Nigeria News – Nigeria and World News

January 29, 2023

NGX CEO says to strengthen partnerships, digital transformation, sustainability

January 26, 2023

CAP full year PBT rises by 79% to N3.1bn

January 27, 2023

UNCTAD, Islamic Development Bank unite over sustainable investment — Business — The Guardian Nigeria News – Nigeria and World News

January 29, 2023

Guinness grows half year gross profit by 16%

January 27, 2023

Two Stocks Trigger 0.05% Loss At Unlisted Stock Exchange

February 2, 2023

Tinubu distancing self from APC’s failure —Atiku’s aide

February 2, 2023

Why rail sector remains moribund, has no profit in 59 years | The Guardian Nigeria News

February 2, 2023

Nigerian universities and the noise of advancing ideas

February 2, 2023

Moody’s downgrades Nigerian banks’ rating

February 1, 2023

8 Black Financial Influencers You Ought to Follow

February 1, 2023

Despite deadline extension, crowds besiege banks amid scarcity of new notes

February 1, 2023

Federal Reserve Raises Benchmark Interest Rate by 0.25%, Disinflationary Process ‘Early,’ Says Powell  – Economics Bitcoin News

February 1, 2023

Get the free newsletter

eNaira Online News

Get the latest news and follow the coverage of eNaira, Business & Financial, Stock Market, Analysis, and more from the trusted sources.

CATEGORIES

  • Banking
  • Business
  • Capital Market
  • Companies
  • Crypto
  • eNaira
  • Finance
  • Opinion
  • Personal Finance
  • Real estate
  • Uncategorized
No Result
View All Result

GET THE FREE NEWSLETTER

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 e-Naira Online News.
e-Naira Online News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • eNaira
  • Capital Market
  • Business
  • Finance
  • Banking
  • PF
  • Companies
  • Crypto
  • Real Estates
  • Opinion

Copyright © 2022 e-Naira Online News.
e-Naira Online News is not responsible for the content of external sites.