News Formal

Nigerian shares shed N69 billion amid selling pressure on heavyweight stocks

  • 📰 PremiumTimesng
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 78%

Business News News

Business Business Latest News,Business Business Headlines

Market breadth was negative, making 26 losers to emerge relative to 19 gainers.

Nigerian stocks were on a further retreat on Tuesday, depreciating 1.66 per cent as profit-taking actions in a raft of blue-chip equities weighed on market performance

Airtel Africa alongside UACN, Presco, Okomu Oil steered the loss, extending a slide that started at the previous trading session on Friday. Also stoking loss, the consumer goods index fell 0.18 to 565.94 basis points on account of losses by PZ, International Breweries, Flour Mills and Nascon.The all-share index went down by 648.99 basis points to 38,507.29 points, while market capitalisation dropped by N69 billion to N20.340 trillion.CWG led gainers, appreciating by 9.73 per cent to close at N1.24. Berger added 6.72 per cent to end trade at N7.15. Red Star Express advanced by 4.19 per cent to N3.23. NEM rose to N1.87, notching up 3.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSİNESS

Business Business Latest News, Business Business Headlines

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

Inflation, devaluation push millennials away from N20 trillion stock marketDespite years of stability of the Nigerian Stock Exchange, many Nigerian youths are diversifying and hedging their investment portfolios
Source: GuardianNigeria - 🏆 1. / 94 Read more »