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Breaking: Nigeria Stock Market Hits 9year High As Investors Gain N1.7tr In 8days by deji17: 5:43am On Jan 12, 2018 |
Stock market hits 9year high as investors gain N1.7tr in 8days ON JANUARY 12, 2018 By Peter Egwuatu The Nigeria Stock Exchange, NSE yesterday continued its record breaking performance with total market capitalisation rising by N437 billion, thus extending investors gain to N1.7 trillion in the first eight trading days of the year. The floor of Stock exchange Driven by rally from both local and foreign investors, the Nigeria Stock Exchange, yesterday’s performance jerked up the NSE All Share Index, to 43,041.54 points, the highest in nine years. Specifically, the All share Index significantly appreciated by 1,125.43 points or 2.9 percent from 41,816.11 points on Wednesday, the highest since October 2009. In the same vein, market capitalisation (total values of shares), which opened at N14. 8 trillion increased by N437 billion to close at N15.317 billion. The Year to Date, YtD return expanded to 12.5 percent from 38,264.79 points on 2nd January to close at 43.041.54 points. In similar manner, market capitalisation gained N1.7 trillion or 12.5 percent in 8 days trading period of the year. The market had on Tuesday recorded a three year high All Share Index high of 40,362.97 points, the highest since October 2014. According to analysts at Lagos based Afrinvest Plc, the market rally was boost by gains from the blue chips stocks across the subsectors. “Despite the decline in market breadth, sentiment remained positive. Hence, we expect the market to close of the week positive”, they stated. Analysis of yesterday trading shows that the performance across sectors was bullish as all indices closed in the positive. The Banking index was the top performer, rising 4.4 percent on the back of buying interest across board. However, performance was driven largely by tier-1 banks namely Guaranty Trust Bank Plc, which went up 4.9 percent and Zenith Bank 3.1 percent. The Industrial Goods index followed suit, closing 3.3 percent as an upswing in Dangote Cement 2.0 percent buoyed performance while the Consumer Goods index rose 2.3 percent following upticks in Nigerian Breweries Plc which rose 4.6 percent and Guinness Nigeria Plc 9.6 percent. Similarly, price appreciation in SEPLAT by 2.3 percent and Forte Oil by 8.7 percent drove the Oil & Gas index at 2.7 percent northwards while the Insurance index recorded a 1.7 percent increase following a rally in Mansard Insurance by 8.4 percent and AIICO Insurance Plc by 3.5 percent. https://www.vanguardngr.com/2018/01/stock-market-hits-9year-high-investors-gain-n1-7tr-8days/ 2 Likes
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Re: Breaking: Nigeria Stock Market Hits 9year High As Investors Gain N1.7tr In 8days by LionDeLeo: 5:46am On Jan 12, 2018 |
Nice development. 1.7tr in 8 days? But if this is shared among the investors, some no go get pass 10k sef. 7 Likes |
Re: Breaking: Nigeria Stock Market Hits 9year High As Investors Gain N1.7tr In 8days by TheAnimatorsHub: 5:59am On Jan 12, 2018 |
Nice one 2 Likes |
Re: Breaking: Nigeria Stock Market Hits 9year High As Investors Gain N1.7tr In 8days by alexlife(m): 6:10am On Jan 12, 2018 |
hope is not another of that their story? 6 Likes |
Re: Breaking: Nigeria Stock Market Hits 9year High As Investors Gain N1.7tr In 8days by Flexherbal(m): 6:22am On Jan 12, 2018 |
Good news! 1 Like |
Re: Breaking: Nigeria Stock Market Hits 9year High As Investors Gain N1.7tr In 8days by sarrki(m): 6:25am On Jan 12, 2018 |
LionDeLeo: Morning boss It shows to other investors sitting on the fence that we are OK as a nation financially to come in and do business God bless the economic team lead by pmb,Osinbajo, kemi,Emiefele and others 38 Likes 4 Shares |
Re: Breaking: Nigeria Stock Market Hits 9year High As Investors Gain N1.7tr In 8days by Yyeske(m): 6:28am On Jan 12, 2018 |
God bless Buhari, Naija must rise and we shall get to the promise land. 24 Likes 3 Shares |
Re: Breaking: Nigeria Stock Market Hits 9year High As Investors Gain N1.7tr In 8days by usba: 6:35am On Jan 12, 2018 |
ipigs 19 Likes 3 Shares
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Re: Breaking: Nigeria Stock Market Hits 9year High As Investors Gain N1.7tr In 8days by new2012: 6:41am On Jan 12, 2018 |
How much is the share of most of these coys? Compare it to 5 years ago, then you'll understand the lies around 9 years all time high. Liars 3 Likes 1 Share |
Re: Breaking: Nigeria Stock Market Hits 9year High As Investors Gain N1.7tr In 8days by Remii(m): 6:59am On Jan 12, 2018 |
new2012: God bless you, they wont tell us that NSE was N13t when $ was N80 before NdiOkere and co crashed it 8 Likes |
Re: Breaking: Nigeria Stock Market Hits 9year High As Investors Gain N1.7tr In 8days by dedonfranco(m): 7:00am On Jan 12, 2018 |
Some people will come here to tell us is lies, because anything that's "Positive" about dis government is lies. May God help them. 12 Likes 2 Shares |
Re: Breaking: Nigeria Stock Market Hits 9year High As Investors Gain N1.7tr In 8days by simplemach(m): 7:19am On Jan 12, 2018 |
Did it affect me in my street? 1 Like |
Re: Breaking: Nigeria Stock Market Hits 9year High As Investors Gain N1.7tr In 8days by slawomir: 7:21am On Jan 12, 2018 |
ok |
Re: Breaking: Nigeria Stock Market Hits 9year High As Investors Gain N1.7tr In 8days by jaymejate: 7:22am On Jan 12, 2018 |
Re: Breaking: Nigeria Stock Market Hits 9year High As Investors Gain N1.7tr In 8days by overhypedsteve(m): 7:22am On Jan 12, 2018 |
Let us please not politicize hard working private Nigerians worked to make this possible despite the failure of the government. When you are busy, occupied at work or busy reading for your final exams, stay calm we will handle your undergraduate research project, your Msc project, your PGD project and your PhD thesis. We will work with you through to the end to ensure that you end up with a Plagiarism free, customs written and standard research project paper. This is what we do at https://RunMyResearch.com visit us there or call +2348100661236 To place a direct order for a research visit https://runmyresearch.com/hire-a-researcher/ 4 Likes 2 Shares |
Re: Breaking: Nigeria Stock Market Hits 9year High As Investors Gain N1.7tr In 8days by dhardline(m): 7:23am On Jan 12, 2018 |
Na so una go dey talk now. When Nigerians rush put their money inside everything go just crash 2 Likes |
Re: Breaking: Nigeria Stock Market Hits 9year High As Investors Gain N1.7tr In 8days by Curiouscity(m): 7:23am On Jan 12, 2018 |
I hope it is sustainable, and not some form of bubble or even artificial manipulation. |
Re: Breaking: Nigeria Stock Market Hits 9year High As Investors Gain N1.7tr In 8days by brainpulse: 7:24am On Jan 12, 2018 |
While Ipods and wailers are sitting at home on in the Internet and shouting they are suffering, some are taking advantage of the economy, investing and reaping the dividends 10 Likes 5 Shares |
Re: Breaking: Nigeria Stock Market Hits 9year High As Investors Gain N1.7tr In 8days by Nobody: 7:25am On Jan 12, 2018 |
Yyeske: Sorry....this news does not actually benefit the economy. If we have a growing number of industries making goods for export....so be it. |
Re: Breaking: Nigeria Stock Market Hits 9year High As Investors Gain N1.7tr In 8days by czaratwork: 7:26am On Jan 12, 2018 |
ipods wont like this, i mean the developers 7 Likes |
Re: Breaking: Nigeria Stock Market Hits 9year High As Investors Gain N1.7tr In 8days by cescky(m): 7:26am On Jan 12, 2018 |
Keep deceiving the zombies |
Re: Breaking: Nigeria Stock Market Hits 9year High As Investors Gain N1.7tr In 8days by SalamRushdie: 7:27am On Jan 12, 2018 |
alexlife: Looks like another of their story oo |
Re: Breaking: Nigeria Stock Market Hits 9year High As Investors Gain N1.7tr In 8days by brainpulse: 7:28am On Jan 12, 2018 |
9jakohai:You will say it does not benefit you, but it surely benefits some people. Government can not do everything for you. Some people currently are still making their millions 7 Likes 2 Shares |
Re: Breaking: Nigeria Stock Market Hits 9year High As Investors Gain N1.7tr In 8days by NCP: 7:30am On Jan 12, 2018 |
APC Reaching For Long Term Gain over Short Term PDP Investments. 7 Likes |
Re: Breaking: Nigeria Stock Market Hits 9year High As Investors Gain N1.7tr In 8days by Nobody: 7:33am On Jan 12, 2018 |
brainpulse: Well, I would rather that such billions were invested in this country's industrial development. The stock exchange is growing, yes, but it could have been much better if we had better power generation, deregulation of the downstream sector and increased spending on education, with the aim of getting us off the dependency on raw materials export. |
Re: Breaking: Nigeria Stock Market Hits 9year High As Investors Gain N1.7tr In 8days by Fesomu(m): 7:34am On Jan 12, 2018 |
watch them say na lie... awon omo ale Nigeria 2 Likes |
Re: Breaking: Nigeria Stock Market Hits 9year High As Investors Gain N1.7tr In 8days by valinno(m): 7:36am On Jan 12, 2018 |
ok |
Re: Breaking: Nigeria Stock Market Hits 9year High As Investors Gain N1.7tr In 8days by davodyguy: 7:42am On Jan 12, 2018 |
Remii:she was a crook 3 Likes |
Re: Breaking: Nigeria Stock Market Hits 9year High As Investors Gain N1.7tr In 8days by dheilaw1(m): 7:44am On Jan 12, 2018 |
Igbanbo:and you call those useless pdp thieves Yoruba leaders? the only Yoruba leaders are the afeniferes. ffk and the likes only went there for a show of shame 2 Likes |
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