Investor interest in MTN, Transcorp Hotel boosts market by N29bn

Opening the week, renewed investor interests in the stocks of MTN Nigeria and Transcorp Hotel, on Monday, drove the Nigerian Exchange Ltd. market capitalisation up by N29 billion gain. Other primary drivers of the overall market’s performance included: Berger Paints, PZ Cussons, Unity Bank, AIICO Insurance, Nigerian Breweries, among other advanced equities.

On the losers’ table, Champion led by 10 per cent to close at N2.97, C&I Leasing Plc followed closely by 9.80 per cent to close at N9.80 per share. Also, the analysis of the market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 28.98 per cent.

They said investors would also react to the inflation figures announced last week by the National Bureau of Statistics. Opening the week, renewed investor interests in the stocks of MTN Nigeria and Transcorp Hotel, on Monday, drove the Nigerian Exchange Ltd. market capitalisation up by N29 billion gain. Other primary drivers of the overall market’s performance included: Berger Paints, PZ Cussons, Unity Bank, AIICO Insurance, Nigerian Breweries, among other advanced equities. Specifically, the…

Source: News Formal (newsformal.com)

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