Lafarge and MTNN increase in value by N78.78 billion in single day
Analysts recommend that investors seek out dividend-issuing stocks with robust fundamentals.
Lafarge Africa Plc and MTN Nigeria Plc experienced a rise of N78.783 billion or 1.81% during the trading session today, as optimistic sentiment lingered in the equity market for a second consecutive day, despite economic instability.
This development occurred even though the CBN’s Monetary Committee raised the borrowing rate by 100 basis points to 16.5% on Tuesday.
A swift investigation showed that the shares of Lafarge Africa Plc advanced from N20.00 per share the prior day to N22.00 per share at the trading's conclusion, indicating a growth of 5.26% or N17.719 billion in market capitalization.
The market valuation of MTN Nigeria shares surged by N61.063 billion, or 1.52%, following the day's ...