Stock Track | Jumia Technologies AG Soars 8.93% on Strong Black Friday Performance

Stock Track12-10 22:35

Jumia Technologies AG (JMIA) saw its stock soar by 8.93% during the intraday session on Wednesday, driven by the company's impressive performance during the Black Friday period.

The e-commerce giant reported a 30% year-over-year increase in physical goods orders and a 35% rise in gross merchandise value (GMV), with particularly strong growth in markets like Nigeria, Ghana, and Ivory Coast. Additionally, Jumia Logistics handled 7.2 million packages, up 28% from the previous year, and 61% of orders were placed outside capital cities, showcasing the company's expanding reach.

These robust metrics have fueled investor optimism, leading to the significant intraday surge in Jumia's stock price.

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