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Malaysia Market Outlook: FBM KLCI to float above 1,600 psychological level over time
FBM KLCI tumbled 0.7% on Monday as profit-taking activities were in tune with the weakness across regional markets. The market broadly declined, with lower liners ending the day in the red. Most indices ended lower with the top decliner being Technology (-1.8%), while the top gainer was Plantation (+1.7%). Market Outlook Despite the disappointing regional performance, we believe the FBM KLCI…
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Nigerian stocks continue gains, up 1.5 pct on banks
[US Market News] TradingReview360.com: We aim to bring you the breaking news stories from worldwide. The following article is sourced from the latest US Market News.
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LAGOS (Reuters) – Nigerian stocks rose 1.5 percent on Wednesday in thin trade, led by heavy weight banks, adding to optimism that a surge in share prices last year will continue into 2013.
The index of Nigeria’s top-10 banks on Wednesday gained 3.5 percent to help lift the all-share index up 424 points to 28,502 points by 1404 GMT.
Sub-Saharan Africa’s second biggest index crossed a 28,000 point psychological level on Monday, hitting a 32-month high to close as the second best performing African stock market after Uganda, rising 35.5 percent in 2012.
Nigerian stocks recovered last year after falling 16 percent in 2011 but the market is still less than half the value it was prior to the 2008 collapse, which wiped off 60 percent of stock values and coincided with a banking crisis.
The index rose 70 percent in 2007.
Skye Bank rose the maximum 10 percent allowed for stock eligible for market-making on Wednesday, while Diamond Bank and FCMB each rose over 9 percent.
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Keeping up with the Market News from around the world is essential for investors and traders alike. Whether it is political, social or economic changes which could impact your investments in the brief, medium or long term, it’s great to be in the understand.
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New Post has been published on Trading Review 360
New Post has been published on http://tradingreview360.com/nigerian-stocks-continue-gains-up-1-5-pct-on-banks-3/
Nigerian stocks continue gains, up 1.5 pct on banks
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LAGOS (Reuters) – Nigerian stocks rose 1.5 percent on Wednesday in thin trade, led by heavy weight banks, adding to optimism that a surge in share prices last year will continue into 2013.
The index of Nigeria’s top-10 banks on Wednesday gained 3.5 percent to help lift the all-share index up 424 points to 28,502 points by 1404 GMT.
Sub-Saharan Africa’s second biggest index crossed a 28,000 point psychological level on Monday, hitting a 32-month high to close as the second best performing African stock market after Uganda, rising 35.5 percent in 2012.
Nigerian stocks recovered last year after falling 16 percent in 2011 but the market is still less than half the value it was prior to the 2008 collapse, which wiped off 60 percent of stock values and coincided with a banking crisis.
The index rose 70 percent in 2007.
Skye Bank rose the maximum 10 percent allowed for stock eligible for market-making on Wednesday, while Diamond Bank and FCMB each rose over 9 percent.
Check out the original source here.
We trust that you found the above post was of value. Please feel free to share this story.
Staying on par with the Market News from all over the world is crucial for traders and investors alike. Whether it is political, social or economic changes which could affect your investments in the short, moderate or long term, it’s good to be in the know.
We aim to bring you the most recent news as it breaks, so you in front of the majority of traders and investors .
New Post has been published on Trading Review 360
New Post has been published on http://tradingreview360.com/nigerian-stocks-continue-gains-up-1-5-pct-on-banks-2/
Nigerian stocks continue gains, up 1.5 pct on banks
[US Market News] TradingReview360.com: We endeavour to deliver you the very latest news from worldwide. The following article is of interest to those needing the latest US Market News.
Read on to discover more:
LAGOS (Reuters) – Nigerian stocks rose 1.5 percent on Wednesday in thin trade, led by heavy weight banks, adding to optimism that a surge in share prices last year will continue into 2013.
The index of Nigeria’s top-10 banks on Wednesday gained 3.5 percent to help lift the all-share index up 424 points to 28,502 points by 1404 GMT.
Sub-Saharan Africa’s second biggest index crossed a 28,000 point psychological level on Monday, hitting a 32-month high to close as the second best performing African stock market after Uganda, rising 35.5 percent in 2012.
Nigerian stocks recovered last year after falling 16 percent in 2011 but the market is still less than half the value it was prior to the 2008 collapse, which wiped off 60 percent of stock values and coincided with a banking crisis.
The index rose 70 percent in 2007.
Skye Bank rose the maximum 10 percent allowed for stock eligible for market-making on Wednesday, while Diamond Bank and FCMB each rose over 9 percent.
Check out the original source here.
We trust that you thought the above write-up was of value. Please feel free to share this post.
Keeping up with the Market News from around the globe is important for investors and traders alike. Whether it is political, social or economic modifications which could influence your financial investments in the short, average or long term, it’s great to be in the know.
We intend to bring you the current news as it breaks, so you in front of the majority of investors and traders .
New Post has been published on Trading Review 360
New Post has been published on http://tradingreview360.com/nigerian-stocks-continue-gains-up-1-5-pct-on-banks/
Nigerian stocks continue gains, up 1.5 pct on banks
[US Market News] TradingReview360.com: We endeavour to deliver you the very latest news from all over the world. The following article is related to the latest US Market News.
Read on to discover more:
LAGOS (Reuters) – Nigerian stocks rose 1.5 percent on Wednesday in thin trade, led by heavy weight banks, adding to optimism that a surge in share prices last year will continue into 2013.
The index of Nigeria’s top-10 banks on Wednesday gained 3.5 percent to help lift the all-share index up 424 points to 28,502 points by 1404 GMT.
Sub-Saharan Africa’s second biggest index crossed a 28,000 point psychological level on Monday, hitting a 32-month high to close as the second best performing African stock market after Uganda, rising 35.5 percent in 2012.
Nigerian stocks recovered last year after falling 16 percent in 2011 but the market is still less than half the value it was prior to the 2008 collapse, which wiped off 60 percent of stock values and coincided with a banking crisis.
The index rose 70 percent in 2007.
Skye Bank rose the maximum 10 percent allowed for stock eligible for market-making on Wednesday, while Diamond Bank and FCMB each rose over 9 percent.
Check out the original source here.
We trust that you thought the above post was useful. Please feel free to share this article.
Staying on par with the Market News from around the globe is necessary for traders and investors alike. Whether it is political, social or financial modifications which could affect your financial investments in the brief, average or long term, it’s good to be in the know.
We aspire to bring you the most up to date news as it breaks, so you in front of the majority of traders and investors .
