₦airaland Forum

Nigeria’s stock market is now world’s best after Wednesday’s positive close helped the market to beat Argentina, a country it was trailing last week.

Bulls push NGX-ASI above 90,000 mark

Nigerian Exchange Limited (NGX) All Share Index (ASI) rose by 2.38 percent on Wednesday, surpassing 90,000 mark as bulls dominate trade.

The market has risen this year by 20.45percent, amid week-to-date (WtD) rally of 8.45percent.

Wednesday’s positive close came as more investors bought shares of Guinness Nigeria which reached maximum daily increase of 10percent and others like Wema Bank (+10percent), Honeywell Flourmills (+10percent), AIICO (+10percent), and Sunu Assurances (+10percent).

These stocks and others that recorded remarkable increase helped the benchmark performance indicator to reach a new high.

“The bulls have continued to dominate market activity this year,” said Lagos-based Vetiva Research analysts. They had expected to see some price corrections on Wednesday hoping that investors will take profit after four straight sessions of positive performance.

The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and Market Capitalisation increased further from preceding trading day’s lows of 87,970.37 points and N48.139 trillion respectively to 90,063.27 points and N49.280trillion.

Other stocks that pushed the market higher include BUA Foods (+5.49percent), BUA Cement (+9.99percent), Cadbury (+9.81), Chams (+9.71percent), Consolidated Hallmark (+8.47percent), Dangote Cement (+9.86percent), Eterna (+9.83percent), Geregu (+9.49 percent), Flour Mills (+5.10 percent), International Breweries (+9.95percent), and Japaul Gold (+8.94percent).

Also, May & Baker increased by 9.98percent, NEM Insurance (+8.70percent), Northern Nigeria Flour Mills (+9.94percent), PZ (+9.86percent), Transcorp (+9.97percent), Tripple G (+9.74percent), and UPDC (+8.50percent).

EcoBrick:
https://businessday.ng/markets/article/nigeria-stock-market-becomes-worlds-best-beats-argentina/?amp=1

Feintline:
You boys have not changed with all these useless propagandas that have no resemblance or effect in the country.

Our nation is bleeding profusely. Over 70% of citizens are living like they are IDPs.
Hunger and anger have become a national anthem due to desperate persons who have no clue or direction on what to do.

Instead of these clueless, destructive agents to find ways to let Nigerians breathe, they are spending tax payers monies on propaganda.

Hungry youths are hired to run propagandas.

This is January 2024, how far with student loan?
How far with Saudi $25m deal refinery.

Government of propaganda by propagandists and for propagandists.

Feintline:
You boys have not changed with all these useless propagandas that have no resemblance or effect in the country.

Our nation is bleeding profusely. Over 70% of citizens are living like they are IDPs.
Hunger and anger have become a national anthem due to desperate persons who have no clue or direction on what to do.

Instead of these clueless, destructive agents to find ways to let Nigerians breathe, they are spending tax payers monies on propaganda.

Hungry youths are hired to run propagandas.

This is January 2024, how far with student loan?
How far with Saudi $25m deal refinery.

Government of propaganda by propagandists and for propagandists.

DenreleDave:
Argentina get better eocnomy b4?


Guys pls which app can I download that can make it possible for me to buy shares in Nigerian companies..

Even if na 20k naira shares...

Please suggest the app I can use