• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Markets

Daily Market Summary: Why stocks are gaining again

Morgan Capital Research by Morgan Capital Research
June 7, 2018
in Markets, Stock Market
Bellwether, bearish, stocks, Daily Stock market report, Nigerian Stock market, bank lending, banking stocks

Stock exchange

Share on FacebookShare on TwitterShare on Linkedin

Market breadth closes at 1.5x

  • The NSEASI went up 158bps to close at 39,042 points despite the decline in positive momentum witnessed in the early hours of trade.
  • A total of 492.05 million (+25.16%) shares worth NGN7.62 billion (+14.19%), were exchanged in 4,726 (-10.58%) deals.
  • Total market capitalisation crossed the imaginary 14 trillion point to close at NGN14.14 trillion.
  • NASCON+10.07% was the top advancer while ETERNA-4.96% closed as the top laggard.
  • Other laggards featured were RTBRISCOE-4.17% and CONTINSURE-4.67%.
  • Selling pressures returned to both the oil and gas and insurance sectors.
  • However, the industrial goods sector remained strong, supported by WAPCO+4.74% and DANGCEM+4.00 which both featured on the top 10 gainers’ list.

Why stocks are up

  • Investors remained bullish on a number of medium and heavyweight counters.
  • However, profit taking activities were observed on some stocks, particularly in the financial services and oil and gas space.
  • We expect to witness more sell-offs on stocks that have gained significantly.

NSE announces FY2017 results

RelatedStories

NGX

Nigerian Stocks post solid gains as January ends in green 

February 2, 2025
NGX

Eight Nigerian stocks soar to triple-digit YtD gains as of August 2024 

September 3, 2024

The Nigerian Stock Exchange (NSE) announced its FY2017 results today.

Gross earnings and profit-before-tax advanced by 86% and 5.629% respectively.


Contact Morgan Capital for more information.

Email: info@morgancapitalgroup.com

www.morgancapitalgroup.com


Follow us for Breaking News and Market Intelligence.
Tags: Morgan CapitalNigerian StocksOn the Money
Morgan Capital Research

Morgan Capital Research

Related Posts

NGX
Equities

Nigerian Stocks post solid gains as January ends in green 

February 2, 2025
NGX
Equities

Eight Nigerian stocks soar to triple-digit YtD gains as of August 2024 

September 3, 2024
Nigerian Stock Exchange
Markets

Nigerian Stocks lose N334 billion in market cap as bears takeover July 

July 15, 2024
NGX
Equities

Nigerian stocks you can invest in H2’2024 – Investment analysts  

July 3, 2024
NGX
Dividends

Nigerian Stocks with the best dividend yield 2024

July 1, 2024
Nigerian Stock Exchange
Equities

Nigerian stocks soar by 3.08% in November as investors continue bet on hope

December 1, 2023
Next Post
Innocent Chukwuma, Innoson, JAMB

Innoson claims "Supreme Court order" for GT Bank to pay it ₦14 billion

Leave a Reply Cancel reply

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

Emple
nlng
first bank








DUNS

Recent News

  • BREAKING: GTCO becomes first banking stock to cross N100 on NGX 
  • Analysts predict naira won’t drop beyond N1,600 in H2 2025, cite reasons 
  • Beyond Hype: Building an AI-Ready business in Africa 

Follow us on social media:

Recent News

Breaking news

BREAKING: GTCO becomes first banking stock to cross N100 on NGX 

July 16, 2025

Analysts predict naira won’t drop beyond N1,600 in H2 2025, cite reasons 

July 16, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics