Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result

Nigerian election sends MTN shares & South African Index up

Nairametrics by Nairametrics
April 1, 2015
in Uncategorized
MTN Post N2tr Revenue For 2013 With Nigeria Contributing The Most At 35%
Share on FacebookShare on TwitterShare on Linkedin

South African stocks ticked up slightly on Wednesday buoyed by telecoms operator MTN Group, spurred on by peaceful presidential elections in Nigeria where it is a market leader.

Financial markets in Africa’s most populous country, which is also MTN’s most important market in terms of revenue and subscribers, rallied after an unprecedented win by opposition politician Muhammadu Buhari.

MTN shares ended nearly 6 percent higher, pushing Johannesburg’s Top-40 index up 0.2 percent to 46,128. The All-share index added 0.2 percent to 52,281.

RelatedPosts

Higher crude oil prices boost Nigeria’s Oil and Gas stocks

The Nigerian stock market loses over N20 billion amidst sell-pressures

“MTN was on the back of the Nigerian election. A lot of people thought the elections wouldn’t go through smoothly,” said Chad Bushnell, a trader at Anglorand Asset Managers.

Capitec Bank Holdings hit a life high of 537.65 rand per share as investors lapped up the stock anticipating it would be included in the blue chip Top-40 index, on the back of its rising market capitalisation, which has gained 57 percent so far this year.

News continues after this ad


Gold producers listed in Johannesburg fell as job figures from U.S. private employers showed the smallest growth in more than a year, supporting views that the Federal Reserve will hold off any rate hike until next year.

Gold is particularly sensitive to shifts in U.S. interest rates, which also move the dollar, in which the metal is price.

News continues after this ad


The gold index was down 2.3 percent as AngloGold Ashanti shed 2.7 percent and Gold Fields lost 3 percent.

Reuters

 

Related

Tags: All Share IndexNews ReviewNigerian stock marketNigerian Stocks

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

inq
avatrade
Stanbic bank
Mega Millions
UBN
Hot forex
Access Bank
Bankers Committee
First bank






    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • ASUU challenges FG to mention any action taken to end the strike, says no kobo has been released
    • Improving the chances of Nigeria in growing Africa’s digital economy
    • SERAP sues Buhari over N5 million fine on Multichoice, Trust TV, others

    Follow us on social media:

    Recent News

    ASUU President accuses Ngige of insulting lecturers and spreading fake news over strike

    ASUU challenges FG to mention any action taken to end the strike, says no kobo has been released

    August 7, 2022
    Top Ten fund raising by Nigerian tech startups in Q1 2022

    Improving the chances of Nigeria in growing Africa’s digital economy

    August 7, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com