Stock investors consolidated the bullish sentiments recorded in the first half of the year as they raked in N533bn on the first trading day of the second half of the year.
Value-wise, ACCESS HOLDINGS led the chart, followed by UBA and FCMB .
In the first six months of this year, investors have gained N5.3tn, propelled by macroeconomic reforms of the new administration. This came despite the rising inflation, global uncertainty and other economic challenges, which negatively impacted the market during the early part of the year.The NGX All Share Index, an indicator which is used to measure the performance of listed firms on NGX, hit a 15-year high for the first time since 2008 and crossed 60,000 index points, to close at 60,968.27 points as against an opening value of 51,251.06 , implying an increase of 8,717.21 or 18.96 per cent.
Prior to this time, the cash crunch; soaring inflation and the uncertainties in the build-up to the 2023 elections dampened the mood of investors as they activated the “cautious mood” to stock trading. But sentiments started improving as the cash crunch eased and impressive corporate results came in.All rights reserved.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gender Equality: IFC, Stock Exchange Laud Red Star ExpressThe International Finance Corporation (IFC), in collaboration with the Nigeria Exchange Group (NGX), has recognised Red Star Express Plc, for its remarkable
Read more »
Nigerian Online Mall, Konga Doesn’t Effectively Deliver Our Goods, Yet Overcharges Us To Meet Its N7Billion Budget, Vendors Allege | Sahara ReportersVendors of a popular Nigerian e-commerce company have accused the company of outrageously extorting them through excessive commission charges for available and out-of-stock items. The online mall was founded in July 2012 with headquarters in Gbagada, Lagos State. Some of the vendors who spoke with SaharaReporters alleged that Konga budgeted N7 billion for its 2023 fiscal year and out of desperation to meet the budget, the company became “ruthless and brutal” with its commission.
Read more »
Police begin investigation into abduction of supermarket owner in Imo | TheCableGunmen have reportedly kidnapped one John Ugorji, the owner of Johnny supermarket and pharmacy, at Ikenegbu layout in Owerri, the capital of Imo.
Read more »
Flynas Begins Airlift Of Pilgrims To Nigeria TuesdayA Saudi-designated hajj air carrier, Flynas, will begin the airlift of Nigerian pilgrims back home on Tuesday.
Read more »
Osun’s Sallah scuffles and Abuja’s dog meat, By Festus AdedayoTwo issues engage this piece today. Each of them is reflected in animal imageries. The first has dog as totem of its analysis. The second too is better explained by the bestial engagement of rams. Let us begin with the latter. Last Wednesday, Osun State witnessed a bestial ram fight. Children in, especially Northern and […]
Read more »
Family, friends were my first customers— Bisola Ayanbunmi - Punch NewspapersA fashion designer and entrepreneur, Bisola Ayanbunmi, tells TOFARATI IGE about her businessWhat is your educational background?
Read more »