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Vanguard News NSE’s key indicators up by 0.02% On Kindly Share This Story: Activities on the Nigerian stock market on Wednesday closed on a positive note to halt the four consecutive days of bearish run, growing by 0.02 per cent. The performance was driven by investors’ renewed posItive sentiments in blue-chip stocks like Nestle Nigeria, MTN Nigeria Communications (MTNN) and nine others. Specifically, the All-Share Index grew by 7.42 points or 0.02 per cent to close at 38,774.03 from 38,766.51 achieved on Tuesday. Also, the market capitalisation rose by N4 billion to close at N20.286 tri...

Top consumer goods, telco shares help Nigerian stocks manage fragile recovery The market recorded a negative breadth, after 27 losers emerged against 12 gainers. ADVERTISEMENT Nigerian stocks saw a comeback from a four-day bear run on Wednesday after a spike of interest in the telco, MTN, and food companies, Nestle and Flour Mills, lifted the benchmark index by 0.02 per cent. But there are concerns as to how far the feeble growth could carry a market that has shed N769.976 billion already this year. Meanwhile, the day belonged to the consumer goods index, the only one of the five major sector...

The performance was driven by investors’ renewed positive sentiments in blue-chip stocks like Nestle Nigeria, MTN Nigeria Communications (MTNN) and nine others. Specifically, the All-Share Index grew by 7.42 points or 0.02 per cent to close at 38,774.03 from 38,766.51 achieved on Tuesday. Also, the market capitalisation rose by N4 billion to close at N20.286 trillion in contrast with N20.282 trillion posted on Wednesday. The gain was driven by price appreciation in large and medium capitalised stocks amongst which are: Nestle Nigeria, Flour Mills of Nigeria, MTNN, Stanbic IBTC Holdings and ...