Afrinvest Archives - Inside Business Africa

Following price gains recorded by most blue-chip stocks, especially Associated Bus Company (ABC), and Wapic Insurance, reopened transactions on the equities sector of the Nigerian Stock Exchange (NSE), in an upward trend, yesterday, causing the All Share Index (ASI) to increase by 0.01 per cent. At the close of trading yesterday, market capitalisation increased by N1 billion or 0.007 per cent from N13.364 trillion recorded on Friday to N13.365 trillion, Monday yesterday. The All Share Index (ASI) appreciated by 1.78 absolute points, representing a growth of 0.01 per cent to close at 25,574.35 points. The uptrend was impacted by gains recorded in large and medium capitalised stocks, including Presco, UAC of Nigeria (UACN), International Breweries, MTN Nigeria Communications (MTNN...

Transactions on the equity sector of the Nigerian Stock Exchange (NSE), sustained a rising profile yesterday, as more blue-chip stocks appreciated in price, resulting in a further increase in market capitalisation by N40 billion. Specifically, at the close of transactions Tuesday, the All -Share Index (ASI), added 75.82 absolute points, a 0.31 per cent rise to close at 24,841.94 points. Similarly, investors gained N40 billion as market capitalisation increased to N13.959 trillion. The upturn was impacted by gains recorded in medium and large value stocks, including Seplat, Nigerian Breweries, Flour Mills of Nigeria, Zenith Bank, and UAC of Nigeria (UACN). Capital market analysts noted that the current undervalued state of the market offers opportunities to position for the sho...

Tag: Afrinvest

ABC transport, Wapic Insurance others lift NSE index by 0.01%

Bulls increase traction as market index rise further by N40 billion