Nigerian Stock Market Gains 0.23% in Q3, Market Cap Hits N90.58trn
The Nigerian stock market, represented by the NGX All-Share Index (ASI), rose by 0.23% to close at N90.58 trillion at the end of Q3. The market witnessed selective buying interest in energy and industrial stocks, leading to positive market breadth despite more losers than gainers.
Notable stocks like DANGSUGAR, FCMB, and MCINHOLS experienced price movements. The market's performance was influenced by speculative momentum and bargain hunting activities.
Analysts anticipate continued volatility with a slightly bullish bias, driven by the strength of energy stocks. Traders are closely monitoring corporate earnings reports and liquidity conditions for market direction.
Plus234Feed summary based on reporting from The Will. Read the original report below.
Read full article
Continue on The Will
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Nigerian Stock Exchange ASI Rises 1.35% as Market Ends Week Higher
Nigerian Stock Market Sees 1% Decline in September Opening
Nigerian Stock Market Gains on Improved Investor Sentiment and MPC Decision
Nigerian Stock Market Rebounds with N521bn Gain
Nigerian Stock Market Surges N822bn Amid Positive H1 Results
Nigerian Equities Market Ends Week Positively Amid Cautious Trading
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
