Monday, October 18, 2021

    Stock Recommendations – Monday, 11th October, 2021

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    Naija247news Editorial Team
    Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.

    Last week, investors’ wealth in the Nigeria stock market grew by ₦340 billion in a five-star week of positive sentiment.

    The growth follows the bullish sentiment on FBNH, which largely impacted by the Banking sector and the Airtel Africa Plc share buy-back notice.

    Consequently, the All-Share Index grew by 647.19 basis points, representing an upsurge of 1.61% to close at 40,868.36.

    While the Market Capitalization gained ₦340.29 billion, representing a growth of 1.62%, to close at ₦21.30 trillion following the additional listing of 5.08 billion ordinary shares of 50k each of Jaiz Bank Plc at ₦0.65 per share.

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