Weekly economic index: CBN on big deposits, SA's debt-free plan, and a Jumia exit
Here are three big stories from Africa’s business and policy landscape you (probably) didn’t miss but should keep in mind this week
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Here are three big stories from Africa’s business and policy landscape you (probably) didn’t miss but should keep in mind this week
So far, 2023 has been mostly about growth stocks. Sector performance within the S&P 500 indicates that growth-oriented stocks from the Information Technology and Communication Services sectors have been leading in returns.
The equity market on Nigerian Exchange Ltd. (NGX) on Monday closed on a positive note, due to bargain hunting in Airtel and Ecobank Transnational Incorporated (ETI). Specifically, the market capitalisation increased by N70 billion or 0.18 per cent, closing at N39.219 trillion as against N39.149 trillion which posted on Friday. Consequently, the NGX All-Share Index(ASI)
The Nigerian equity market closed on a positive note on Monday, fueled by bargain hunting in shares of Airtel and Ecobank Transnational Incorporated (ETI).
The banking index dropped on Thursday by 2.1 per cent, a day after recording a 5.01 per cent gain due to sell pressures on stocks of First Bank of Nigeria Holdings, AccessCorp, Zenith Bank, GTCO, United Bank for Africa, and Jaiz Bank.