- Airtel Africa Gains 21%, Market Value Surges Near N20trn
- Seplat Ends Routine Gas Flaring, Expands LPG Investment – Official
- MTN Nigeria Loses N1.7trn as Investors Exit Positions
- XRP Rises as Citigroup Revises Forecast for US Fed Rate Policy
- Naira Swings Narrow Exchange Rate Gap Across FX Markets
- Recent Nigerian Market Losses Expose Hard Lessons Every Investor Must Learn
- Nigerian Bonds Sell Off as Markets Await Q3 Borrowing Plan
- Ripple Dips Amidst Surge in XRPUSD Long Position on Bitfinex
News
Telecommunication company Airtel Africa Plc spiked by about 21% in the equities market, hitting a 52-week high of N5274 per share as investors ramped up volume.
The equities market opened the week on a negative note as investors continued to dump stocks amidst the 2024 earnings festival in the local bourse. However, key performance indicators showed mixed outcomes. The Nigerian Exchange (NGX) All Share index fell 0.34% to settle at 107,455.13 points on the back of sell pressures in INTBREW (-5.66%), UCAP (-9.91%), ACCESSCORP (-2.54%), and FBNH (-3.24%).
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