Connect with us

Business

Nigeria stock market loses billions of naira within 7 days


Nigeria stock market loses billions of naira within 7 days

Market sentiment closed positive with 21 gainers in relative to 18 losers.

 

Advertisement

Also, the All-Share Index lost 158.98 points or 0.40 per cent to close at 39,326.67 from 39,485.65 recorded on Friday.

Accordingly, month-to-date gain moderated to 2.0 per cent, while year-to-date loss increased to 2.3 per cent.

Advertisement

The market loss was driven by price depreciation in large and medium capitalised stocks amongst which are Dangote Cement, Eterna, Oando, Ecobank Transnational Incorporated, Champion Breweries and Zenith Bank.

This week, analysts at United Capital Plc expected the pendulum of sentiments to be swayed by the outcome of audited numbers of the big banks.

Advertisement

Market sentiment closed positive with 21 gainers in relative to 18 losers.

Champion Breweries led the losers’ chart in percentage terms by 7.73 per cent to close at N2.03 per share.

Advertisement

Eterna followed with 7.20 per cent to close at N6.96 while Linkage Assurance shed 6.45 per cent to close at 58k per share.

Oando lost five per cent to close at N4.56 while Caverton Offshore shed 4.86 per cent to close at N1.76 per share.

Advertisement

Conversely, Honeywell Flour Mills dominated the gainers’ chart in percentage terms with 9.86 per cent to close at N3.90 per share.

UACN Property followed with 9.84 per cent to close at N2.01 while Associated Bus Company rose by 9.09 per cent to close at 36k per share.

Advertisement

Presco garnered 8.90 per cent to close at N79.50 while FTN Cocoa processors appreciated by 8.33 per cent to close at 52k per share.

However, the total volume of trades increased by 29.27 per cent to 301.01 million units valued at N1.54 billion exchanged in 4,715 deals.

Advertisement

This was in contrast with a total of 232.85 million shares worth N1.85 billion traded in 3,351 deals on Friday.

Transactions in the shares of Transcorp topped the activity chart with 51.691 million shares valued at N46.84 million.

Advertisement

Honeywell Flour Mills followed with 43.73 million shares worth N167.91 million, while Consolidated Hallmark Insurance traded 17.61 million shares valued at N10.63 million.

Oando traded 16.12 million shares valued at N71.45 million, while UPDC transacted 15.11 million shares worth N29.91 million.

Advertisement

 

Advertisement

Follow Fashion Style TV on Youtube


Click here for Latest Ankara Styles >> Read More

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Fashion3 hours ago

Classy Tailor Made Styles for Smart Looks.

News3 hours ago

Sergi Barjuan declared new interim coach of FC Barcelona

Ankara Styles3 hours ago

Ankara Asoebi Styles 2022 Letest African Dresses Styles Amazing Stylish, Elegant Ankara And Asoebi

News3 hours ago

Bobrisky’s ex-PA, Oye, is reportedly dead – Pearlsnews – Top Entertainment News and Gossip in Nigeria

Fashion4 hours ago

Aimua Idehen Shares Insight on His Style & Fashion Tips For Men

News5 hours ago

Senate rejects Buhari’s $700 loan request, summons water minister

Ankara Styles5 hours ago

2020 Latest Fashion Styles You Should Try Out

News6 hours ago

Man arrested for sending “Good morning babe” to a married woman

Ankara Styles6 hours ago

70 Ankara Skirt And Blouse Dresses 2020 Latest African Print Dresses Magnificent And Gorgeous

News7 hours ago

How my ex-wife denied our kids breast milk to preserve her shape, employed 12 nannies — FFK reveals

Fashion7 hours ago

African long dresses designs pictures 2021: Beautiful Designs for ladies

Ankara Styles9 hours ago

Ankara Maxi Gowns Styles 2019/2020 latest Stunning And Elegant Ankara print Dress

Ankara Styles10 hours ago

Latest Designs African Dresses For Gorgeous & Classy Ladies 2021 Most Stylish Ankara & Asoebi Styles

Ankara Styles10 hours ago

2021 Magnificent Flawless African Fashion Styles Stunning And Stylish Ankara And Asoebi Styles

Fashion11 hours ago

How to Clean Your Makeup Brushes to Avoid Stuffing Bacteria on Your Face – FashionStyle.ng

X