Nigerian equity market sustains positive momentum, gains 0.37%

Must Read

- Advertisement -

Transactions on the Nigerian equity market on Friday ended the trading week on a positive note as the All-Share-Index appreciated by 0.37% to sustain previous positive sentiment to six consecutive trading day.

The uptrend was supported by value appreciation on some bellwether stocks like ACCESS, ZENITH BANK, GUARANTY and 16  others. Consequently, the market breadth closed on a positive note, recording 23 gainers as against 12 losers.

Nigerian equity market sustains positive momentum, gains 0.37% - Brand Spur
NSE Trading Floor

In summary, the All-Share Index (ASI) increased by 94.62 absolute points, representing a growth of 0.37% to close at 25,605.64 points. Similarly, the overall Market Capitalization size gained N49.36 billion, representing an increase of 0.37% to close at N13.36 trillion.

LAWUNION emerged as the top gainer while INITSPLC emerged as the top loser.

- Advertisement -

The upturn was impacted by gains recorded in large and medium capitalized stocks, amongst which are; SEPLAT (+3.90%), GUARANTY (+3.21%), GUINNESS (+3.21%), ZENITH BANK (+1.16%), ACCESS (+0.78%) and UCAP (+0.32%).

HEADLINES YOU MIGHT HAVE MISSED FROM BRAND SPUR

CredoLab raises USD 7m to expand its market reach in Africa and other new markets

CredoLab, a leading developer of bank-grade digital credit scorecards based on smartphone metadata which launched in Nigeria, Kenya, and South Africa, last year, has secured USD 7 million in its Series-A round funding led by GBG, the global specialist in identity data intelligence.

Cars with embedded connectivity to reach 200m by 2025, with 5G adoption set to soar

- Advertisement -

A new study from Juniper Research has found that the number of cars with embedded connectivity will reach 200 million globally by 2025; rising from 110 million in 2020. One of the main beneficiaries of this growth will be mobile

Nitro121 promises bespoke offerings to clients, celebrates 15th anniversary

The leading brand-building and marketing communication company, Nitro 121 (formerly known as 141 Worldwide), turns fifteen on the 1st of September 2020 and promises to continue to deliver bespoke marketing communications services to clients and other partners.

Top 25 most valuable aerospace and defence brands could lose over $22bn of brand value from COVID-19

- Advertisement -

Aerospace and defence sector heavily impacted by COVID-19 pandemic, brands could lose up to 20% of brand value, equating to a US$22.8 billion loss cumulatively

Read Also:  Nigeria Consumer Goods Sector - FY'18 Earnings Preview: Mixed bag of performances for FMCGs

Ikeja Electric’s bilateral power attains first-year milestone as customers score service high

Ikeja Electric Plc (IE), Nigeria’s largest Electricity Distribution Company, is celebrating the first year anniversary of its Willing Buyer, Willing Seller initiative dubbed Bilateral Power by customers. The company’s Bilateral Power service promises customers a minimum of 20 hours of power supply and improved service in exchange for cost-reflective tariffs.

Nigeria Rugby Union signs kit sponsorship deal with BLK Sports

British Apparel Company BLK Sport and The Nigeria Rugby Football Federation (NRFF) have signed an exclusive long-term kit sponsorship/partnership deal aligning with the Company’s global strategy.

Read Also:  Nestoil Receives Latest Certification in Quality Management Systems

Apple buys another company

Apple reportedly bought VR startup Spaces, the tech giant’s eighth disclosed acquisition of the year. We discuss Apple’s moves in the VR space — including a patent for reducing motion sickness while working virtually in a vehicle.

IITA invests in development and implementation of seed yam certification system in Nigeria

IITA renovated and equipped the diagnostic laboratory of the National Agricultural Seed Council (NASC) at their headquarter in Sheda, Abuja, with equipment worth $100,000 for seed quality control and Seed Tracker e-certification system. A PCR for DNA amplification and other laboratory equipment will allow technicians of the seed regulatory agency to conduct diagnostics and seed quality testing in line with the amended existing standards for seed yam.

Efe Omoregbe, Bada Akintunde-Johnson, Ayeni Adekunle, others confirmed to speak at MTN’s business of the art series

In line with its continuous commitment to youth development in Nigeria, MTN Foundation, the CSR arm of Nigeria’s leading ICT company, MTN Nigeria, has engaged leading minds in the Nigerian entertainment and media industry for this year’s edition of MTN’s Business of the Art Series.

LASCODA trains youths on commercial coconut oil processing

The Lagos State Government has embarked on the training of youths and women on commercial Coconut Oil processing at the Farm Service Centre, Oko-Oba, Agege as part of efforts towards Making Lagos State a 21st Century Economy.

 

- Advertisement -
spot_imgspot_img

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest News

- Advertisement -
spot_imgspot_img

Latest News

UNILAG in Collaboration with LASG Commences Campus Bus Services

As part of the University’s drive to cater for the welfare of its staff and students, the University of...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -spot_imgspot_img