• 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 Cryptos

Jumia shares up 23% on back of possible Zinox acquisition

Ajibola Akamo by Ajibola Akamo
May 16, 2022
in Cryptos
Jumia & Konga: Who is best placed to win e-Commerce race?
Share on FacebookShare on TwitterShare on Linkedin

The share price of online e-commerce giant Jumia is up 14% in pre-market days after Nairametrics reported a possible acquisition bid by rival Zinox Technologies, owners of Konga.

Shares of Jumia fell 11.32% on Wednesday to $4.78 as investors flee tech stocks amidst a market sell-off that has engulfed US Stocks. The share price is currently trading at $5.89 ahead of the market opening up from $4.78 when Nairametrics first reported a possible acquisition.

The share price is now up 23% since the reported possible acquisition plans.

RelatedStories

NUPENG threatens nationwide strike over violent attack on workers in Kaduna

E-call-up dispute: IPMAN transporters to boycott Lekki-Epe corridor over N12,500 levy 

June 15, 2025
Billionaire and Oracle co-founder, Larry Ellison

Oracle co-founder Ellison becomes second richest man, adding $40 billion in 2 Days to reach $258 billion 

June 15, 2025

Nairametrics had earlier reported that Chairman of the Zinox Group, and billionaire, Leo Stan Ekeh, has been scooping Jumia shares indirectly suggesting a possible acquisition could be in play if the opportunity arises.

Tech Stocks recorded a broad spectrum of losses last week as investors reacted to rising inflation and US FED action to hike interest rates. However, tech stocks seem to have rebounded on Thursday according to prices tracked via Seeking Alpha, a US-based Stock Market Website.

“According to Seeking Alpha, tech stocks like “Fiverr (FVRR +8.7%), Etsy (NASDAQ:ETSY +9.8%), Carvana (CVNA +22.1%), Shopify (NYSE:SHOP +6.4%), Coupang (CPNG +17.7%), Chewy (NYSE:CHWY +6.4%), and Wayfair (NYSE:W +5.0%), Jumia Technologies (JMIA +5.8%), and Blue Apron (APRN +5.9%), and more were some of the biggest gainers on the day” The move upward certainly breaks with the year-to-date trend for each, as each name save for Blue Apron (APRN) has been more than halved so far this year.”

Jumia is expected to declare its result on May 17th, 2022, and will host an investor presentation at 8:30 a.m. US Eastern Time on the same day.


Follow us for Breaking News and Market Intelligence.
Ajibola Akamo

Ajibola Akamo

Ajibola Akamo is an Investment Analyst, Financial Analyst, Economist and Accountant. You may contact him via his email ajibolaakamo@yahoo.com

Related Posts

NUPENG threatens nationwide strike over violent attack on workers in Kaduna
Sectors

E-call-up dispute: IPMAN transporters to boycott Lekki-Epe corridor over N12,500 levy 

June 15, 2025
Billionaire and Oracle co-founder, Larry Ellison
Billionaire Watch

Oracle co-founder Ellison becomes second richest man, adding $40 billion in 2 Days to reach $258 billion 

June 15, 2025
Transmission lines in Cross River, Rivers have been vandalized severally in over 2 months – TCN
Energy

Dangote Refinery to begin distribution of petrol, diesel with free logistics nationwide

June 15, 2025
Jumia cuts operating loss by 64% amid revenue decline 
Business News

Jumia ramps up strategy to counter Chinese rivals Temu, Shein amid investor pressure 

June 15, 2025
Ghana Drunkards Association warns of protest in 3 weeks if Govt fails to cut alcohol prices despite Cedi gains 
Business News

Ghana Drunkards Association warns of protest in 3 weeks if Govt fails to cut alcohol prices despite Cedi gains 

June 15, 2025
NGX Group, SEC pursue capital market diplomacy to deepen Nigeria-China financial ties 
Corporate Updates

NGX Group, SEC pursue capital market diplomacy to deepen Nigeria-China financial ties 

June 15, 2025
Next Post
Food inflation, World Bank

Nigeria's inflation rate jumps to 16.82% in April 2022, highest in 8 months

Leave a Reply Cancel reply

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

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • E-call-up dispute: IPMAN transporters to boycott Lekki-Epe corridor over N12,500 levy 
  • Oracle co-founder Ellison becomes second richest man, adding $40 billion in 2 Days to reach $258 billion 
  • Dangote Refinery to begin distribution of petrol, diesel with free logistics nationwide

Follow us on social media:

Recent News

NUPENG threatens nationwide strike over violent attack on workers in Kaduna

E-call-up dispute: IPMAN transporters to boycott Lekki-Epe corridor over N12,500 levy 

June 15, 2025
Billionaire and Oracle co-founder, Larry Ellison

Oracle co-founder Ellison becomes second richest man, adding $40 billion in 2 Days to reach $258 billion 

June 15, 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