Jumia Technologies AGNYSE: JMIA

Jumia Technologies (JMIA) reachead $4.57 at the closing of the latest trading day, reflecting a -0.65% change compared to its last close.

Jumia Technologies (JMIA) closed at $5.03 in the latest trading session, marking a -0.59% move from the prior day.

Ceasing Operations in South Africa and Tunisia to Optimize Resources and Focus on Markets with Stronger Growth Potential LAGOS, NIGERIA / ACCESSWIRE / October 16, 2024 / Jumia Technologies AG (NYSE:JMIA) ("Jumia" or "the Company"), a leading e-commerce platform in Africa, today announced the planned closure of its operations in South Africa, operated under the brand name Zando, and Tunisia. The closure of these markets will allow Jumia to focus resources on its most promising markets that have a stronger growth potential.

In the most recent trading session, Jumia Technologies (JMIA) closed at $5.14, indicating a +0.19% shift from the previous trading day.

Strategy to Centralize and Integrate Warehouses Improves Jumia's Storage Capacity and Efficiency While Driving E-commerce Growth CAIRO, EGYPT and ABIDJAN, IVORY COAST / ACCESSWIRE / October 10, 2024 / Jumia Technologies AG, (NYSE:JMIA) ("Jumia" or "the Company") a leading e-commerce platform in Africa today announced the planned opening of new warehouses in Cairo, Egypt, and Abidjan, Ivory Coast. The new warehouses are strategically positioned to enable upcountry expansion and in turn drive e-commerce growth while increasing cost efficiencies, improving employee experience, and providing the increased capacity Jumia will need as the Company continues to grow.

The latest trading day saw Jumia Technologies (JMIA) settling at $5.56, representing a -0.89% change from its previous close.

Jumia Technologies AG (JMIA, Financial) witnessed a notable stock price increase of 5.03%. The stock is currently trading at $5.43 per share with a trading volume of 2.20168 million shares, a turnover rate of 1.80%, and a volatility of 8.51%.

Jumia Technologies (JMIA) reachead $5.30 at the closing of the latest trading day, reflecting a +1.73% change compared to its last close.

I maintain a bullish stance on Jumia stock despite recent volatility, driven by strong micro-strategic initiatives and macroeconomic reforms in Nigeria and Egypt. Jumia's robust market share, increased supply efficiency, and successful marketing strategies are driving its growth, even amidst challenging economic conditions. The company is expanding beyond major cities, leveraging better infrastructure and marketing investments to tap into the untapped African e-commerce market.