The Nigerian stock market soared by N719bn in two days on Wednesday after 33 firms recorded gains in their share prices, with 17 plummeting.

The market has recorded three straight gains this week, with the market capitalisation on Monday, Tuesday and Wednesday closing at N11.943tn, N12.246tn and N12.662tn, respectively.

A total of 335.339 million shares valued at N4.643bn exchanged hands in 5,385 deals on Wednesday, as the Nigerian Stock Exchange All-Share Index closed at 36,740.77 basis points from 35,533 basis points recorded on Tuesday.

Stocks surged 3.4 per cent on Wednesday to a 32-month high on improving sentiment after most listed firms announced increases in half-year earnings, traders said.

The main share index neared the 37,000 point index level last reached in November 2014. The bourse settled the year-to-date return at 36.71 per cent.

Conoil Plc was the best performing stock, advancing by 10.21 per cent to close at N33.04.

Fidson Healthcare Plc, Oando Plc, Presco Plc and Zenith Bank Plc followed on the gainers’ table, appreciating by 10.06 per cent, 7.01 per cent, 6.95 per cent and 6.67 per cent.

On the other hand, Aiico Insurance Plc recorded the highest decline, dipping by 5.26 per cent to close at N0.54.

SCOA Plc, Union Bank of Nigeria Plc, Neimeth International Pharmaceutical Plc and Custodian and Allied Plc followed on the losers’ chart, sliding by 4.77 per cent, 4.57 per cent, 4.55 per cent and 4.49 per cent, respectively.

http://investorsking.com/stocks-gain-n719bn-two-days/

Recession bye bye

good

nobody is talking about recession now

The economy will not feel the effect...only a few will benefit...Nigeria

God Bless Nigeria

spongeisback:
The economy will not feel the effect...only a few will benefit...Nigeria

At least, let's be positive for once. Everything starts from something!

How can one key into this stock market business ati financial trade?

Trendirabingi:
How can one key into this stock market business ati financial trade?

By having a Public Company. then the securities (shares) of your company would be traded by SEC (Securities and Exchange Commission) for the public to invest in.
There is more to it, but that's just for a layman's understanding.

good one ,we'll soon get there

interesting God bless PMB/PYO

You mean they made that like gain in 2 days But this is Nigeria...They will still go an borrow...

The more reason PMB should stay back in London.

Viergeachar:
The more reason PMB should stay back in London.

News of the stocks doing good may not be unconnected to news of PMB's bettering health.

realone2012:
By having a Public Company. then the securities (shares) of your company would be traded by SEC (Securities and Exchange Commission) for the public to invest in.
There is more to it, but that's just for a layman's understanding.

Gud.. Kind of discussions one loves to have

Where are the recessionist crooners

Matican:


News of the stocks doing good may not be unconnected to news of PMB's bettering health.

Very likely

Ok Na

Economy oya gbera!

Matican:


News of the stocks doing good may not be unconnected to news of PMB's bettering health.

Hahaha

Smart one.

But you know it's a lie.

NSE hhhhmmmm, such a volatile market. Gains almost a Trillion naira in a 2days and can also lose the same amount in 2 hours. I see it as a dump and pick market. Investors dump their money and in 2 day they can ask for it money back.
.....Get enlightened

Nice one

This is good news for the country.

Meanwhile check this artilcle out, 15 things people living in rented apartment can relate to: http://m.af1234.com/Af1234/details?id=8