Negative sentiments persist in stock market as index dips further by 0.1%

Negative sentiments persisted on the Nigerian stock market yesterday as all-share index dipped further by 0.1 per cent. The index lost 99.24 points, representing a loss of 0.1 per cent to close at 97,100.36 points.Negative sentiments persisted on the Nigerian stock market yesterday as all-share index dipped further by 0.1 per cent. The index lost 99.24 points, representing a loss of 0.1 per cent to close at 97,100.36 points. Also, market capitalisation declined by N56 billion to close at N55.

As measured by market breadth, market sentiment was negative, as 14 stocks gained relative to 31 losers. Neimeth International Pharmaceuticals emerged the highest price gainer of 9.55 per cent to close at N2.18 kobo. Guinea Insurance and Livestock Feeds shed 9.09 per cent each to close at 40 kobo and N2.20 kobo respectively, while CWG dropped by 7.69 per cent to close at N5.40 kobo.

A new report by Duplo, a provider of payment, spend and vendor management solutions for African businesses, has predicted that changing global trade patterns and the emergence of new payment solutions would drive significant growth in cross-border business-to-business payments in Africa and unlock the full potential of intra- and extra-continental trade. The report titled,…

Deposit Money Bank, Guaranty Trust Bank has provided clarity as regards alleged breach of its domain. Recall that since yesterday, customers of the bank have had difficulties in carrying out financial transactions via the bank channels. Report has it that hackers hacked into the domain of the bank and that has caused serious breach,…

The Central Bank of Nigeria said the Purchasing Managers’ Index reading stood at 49.7 points in July, indicating a contraction in economic activities for the 13th consecutive month. This position is contained in the July PMI report released by the apex bank yesterday. The CBN, however, said the index shows improvement compared to…

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Investors’ wealth dips further by 0.1% amid losses in 21 stocksNegative sentiments persisted on the equities sector of the Nigerian Exchange Limited (NGX), as the All Share Index (ASI) declined further by 0.1 per cent, amid selloff in 21 stocks.
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Newspaper Headlines: Nigerian bonds drop, stock market records mixed performance amid protestsReports on the EndBadGovernance protest in many parts of the country, especially the threat of the military to intervene, suffuse the frontpages of Nigerian newspapers.
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Foreign participation in stock market dips by 31 per centForeign participation in the Nigerian stock market dropped by 31 per cent in the past 10 years, highlighting the negative impact of the currency crisis on the market.
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