Nigerian Stock Market Ends Losing Streak, Investors Gain N500bn
The Nigerian Stock Market broke a 5-day losing streak, with investors gaining over N500 billion on Thursday, September 4. The market saw a positive turnaround as the benchmark Index ASI rose, and market capitalization increased to N13 trillion.
Market breadth was positive, with 41 stocks advancing, 12 declining, and 84 remaining unchanged. Notably, Unity Bank Plc and Providus Bank Limited received approval for a deal where shareholders were offered a ratio of shares.
This positive momentum signals renewed investor confidence in the market.
Plus234Feed summary based on reporting from Legit NG. Read the original report below.
Read full article
Continue on Legit NG
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Nigeria Stock Market Rebounds, Closes Week Positive, Investors Gain N425bn
Equities Market Opens Trading Week By N79bn Gain
Stock Market Sustains Profit-taking Momentum, Drops by N781bn
Nigerian Equities Market Rises 0.33% on Renewed Buying Interest
Nigeria Stock Market Rises Again as 4 Stocks Deliver Over 300% Returns
Nigerian Equities Market Gains N822 Billion as Investors Sustain Bullish Run
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
