Stock Market Down N164bn on Profit-taking in Guinness, Others – THISDAYLIVE

Trading activities in the stock market of the Nigerian Exchange Limited took a negative turn last week as the loss recorded on the second trading day proved sufficient in wiping off the cumulative gain when the market closed on Friday.

Elsewhere, the performances across sectors were broadly negative. The NGX Insurance index recorded a weekly loss of 2.2 per cent. NGX Consumer Goods index declined by 1.9 per cent, while NGX Oil and Gas , and NGX Industrial Goods indices depreciated by 0.7 per cent and 0.3 per cent respectively W-o-W. on the other hand, NGX Banking index gained 0.2 per cent.

On the other side, Prestige Assurance led the decliners table by 15.22 per cent to close at 39 kobo, per share. Learn Africa followed with a loss of 10.71 per cent to close at N1.50, while Guinness Nigeria declined by 9.95 per cent to close at N74.65, per share. The Financial Services Industry led the activity chart with 859.019 million shares valued at N6.691 billion traded in 8,157 deals; contributing 78 per cent and 57.12 per cent to the total equity turnover volume and value respectively. The Conglomerates Industry followed with 96.989 million shares worth N109.622 million in 425 deals, while the Oil & Gas Industry traded a turnover of 40.897 million shares worth N367.117 million in 1,065 deals.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Two dead, 100 shops destroyed as fire razes down Kano marketTwo people were confirmed dead and over 100 shops razed down in a fire incident in Kano State. Public Relations Officer, Kano State Fire Service, Saminu Na all the market just dey burn 😶😶😶😞oga!
Source: DailyPostNGR - 🏆 11. / 59 Read more »

Adamawa BDC operators reject dollars as naira rebounds at parallel marketBureau de change operators in Adamawa State are rejecting foreign currencies from customers due to growing uncertainty in the parallel market. They should stop collecting dollars because dollar is going down and if they collect via dollar then they are the one gonna lose ooh 👨‍💻 That's how naira will significantly appreciate I pray that commodity prices also start crashing
Source: Daily Trust - 🏆 13. / 51 Read more »

7 Years After, Zulum Reopens Gamboru Cattle MarketBorno State governor, Babagana Zulum, yesterday reopened Gamboru International Cattle Market which was closed for about 7 years as a result of Boko Haram
Source: LeadershipNGA - 🏆 4. / 77 Read more »

Kano market fire kills three, guts 100 shops - Punch NewspapersThe most widely read newspaper in Nigeria Dry season is here again.... Everybody should be careful, season of fire fire fire everywhere This is sad and terrible 😢 Don’t worry Tinubu is coming to donate another one
Source: MobilePunch - 🏆 8. / 63 Read more »

Borno re-opens cattle market -- 6 years after closure over 'activities of insurgents' | TheCableBabagana Zulum, governor of Borno, has reopened the Gamboru international cattle market on Saturday.
Source: thecableng - 🏆 2. / 80 Read more »