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NIGERIA STOCK MARKET REPORT JUNE 7, 2022

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The ngx continued in the positive territory started on Friday today as the bull celebrated its re-entry into the 53,000 level with today’s gain at 0.34 percent. Specifically, the All-Share Index closed at 53,270 basis points and this added 99-billion-nairaappreciation to the market capitalization. Transport service GLOBALSPECTRUM ENERGY SERVICES PLC and financial service giant, JAIZBANK led the gainers counter today as they recorded a combined 35 kobo gains. On the flip side, CUTIX and CADBURY led the losers counter as they recorded a combined 1naira, 34 koboloss. Positive sentiments was spread all over the activity chart, from the deals, to the value and even the volume, all positive today. which  is why234 million units of shares, valued at 2billion naira exchanged hands in 4,232deals.Well, the positive sentiments started on Friday and we do hope that the bull stays on, on the floor of the ngx On the foreign scene, The FTSE ended modestly lower on Tuesday as Wall Street eased off opening lows although investors retained their caution over inflation and global growth ahead of US CPI numbers due at the end of this week. U.S. stocks also dipped on Tuesday after Target issued a warning about its current quarter’s profits, which caused an early sell-off for retailers. Japan’s Nikkei touched amore than two-month high on Tuesday, as automakers led gains after the US dollar hit fresh 20-year highs.

 




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