E-commerce firm Jumia leaps after posting Black Friday campaign numbers

Jumia Technologies AG

07/12/2021 12:55

** Shares of New York-listed African e-commerce platform
Jumia Technologies  4JMAy.F   JMIA.K  jump 12% premarket to a
one-week high of $12.42    
    ** Stock among the top five pct. gainers on the NYSE
premarket
    ** Co says gross merchandise value hit $150 mln, up 30%, and
orders reached 4.3 mln, up 39%, year-over-year, in its biggest
Black Friday festival between Nov. 5 and Nov. 30  urn:newsml:reuters.com:*:nACSCwclBa   
    ** "Having introduced the Black Friday shopping festival
concept in Africa in 2012, it has now become a much-awaited
campaign" - co 
    ** Bloomberg News reported earlier this month that JMIA will
start offering payment services to Egyptian firms as it looks to
expand  urn:newsml:reuters.com:*:nL4N2SO2UC
    ** Shares down 73% YTD

 (Reporting by Anisha Sircar in Bengaluru)
 ((Anisha.Sircar@thomsonreuters.com;))