NSE halts bearish trend, amid MTN Nigeria listing - Premium Times Nigeria

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NSE halts bearish trend, amid MTN Nigeria listing

The News Agency of Nigeria reports that the market capitalisation rose by N1.89 trillion or 17.87 per cent to close at N12.526 trillion against N10.627 trillion recorded on Wednesday.

Analysts at Afrinvest Limited, said that “Following the significant buying interest on the newly listed MTNN on the exchange, we expect the local bourse to maintain its bullish performance as investors look to extend trade in MTN’s fundamentally sound stock.” Union Diagnostic & Clinical Services went up by 4.35 per cent to close at 24k, while Courteville Business Solutions appreciated by 4.17 per cent to close at 25k per share.Cutix followed with a decline of 8.33 per cent to close at N1.65, while Sovereign Trust Insurance rose by eight per cent to close at 23k, per share.

 

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