Equities Capitalisation Hits N14trn as Market Sustains Bullish Trading - THISDAYLIVE

The stock market sustained its bullish trend yesterday as buying interest in bellwethers such as Dangote Cement Plc, MTN Nigeria Communications Plc and Guaranty Trust Bank Plc drove indicators to new highs.

In all, 20 stocks appreciated in price compared with eight stocks that depreciated. The market has remained bullish since last week as investors shifted attention to equities market following a cut in the Monetary Policy Rate by the Monetary Policy Committee of the Central Bank of Nigeria . “We expect the market might continue to benefit as domestic investors seek alpha-yielding opportunities in the face of increasingly negative real returns in the fixed income market. However, we advise investors to trade in only fundamentally justified stocks as the weak macro environment remains a significant headwind for listed companies,” analysts at Cordros Research said.

Source: News Formal (newsformal.com)

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

THISDAY LIVE @THISDAYLIVETHISDAYLIVE is LIVE
Source: THISDAY LIVE - 🏆 14. / 51 Read more »

THISDAY LIVE @THISDAYLIVETHISDAYLIVE is LIVE _khasper_ active all night....follow fr a quick follow back burnaboy Happy Independence Nigeria 🇳🇬 Sir Abubakar Tafawa Independence speech 1960. 🌄🇳🇬 Queen Elizebath visit to Nigeria in 1956 and 1960 NigeriaAt60 👇🏻 🔥🥶 ODOGWUUUUUUUU
Source: THISDAY LIVE - 🏆 14. / 51 Read more »

Stocks gain N54bn, Sterling to restructureThe equities market maintained a positive trend as buying interest in Zenith (+1.2 per cent), Dangote Sugar (+1.6%), and ETI (+2.4%) lifted the benchmark index
Source: Daily Trust - 🏆 13. / 51 Read more »

Nigeria@60: Equity, Justice Key To National Unity – NnamaniBy Ernest Nzor, Abuja Former Governor of Enugu State and senator representing Enugu East Senatorial District in the Senate, Senator Chimaroke Nnamani has
Source: LeadershipNGA - 🏆 4. / 77 Read more »

Access Bank to become holding company; moves into South African marketAccess Bank also announced definitive agreements to bolster its market position in Mozambique and enter the South African market. Nice. Access Bank Mozambique
Source: PremiumTimesng - 🏆 3. / 78 Read more »

Independence Day: Synergy between FG, state can defeat terrorism - Ortom - Daily Post NigeriaGovernor of Benue State, Samuel Ortom says only a sustained synergy between the Federal Government and states, as well as other stakeholders can lead to
Source: DailyPostNGR - 🏆 11. / 59 Read more »