The All Share Index depreciated by 48.40 basis points, representing a loss of 0.07 per cent to close at 68,286.28 points. Similarly, market capitalisation depreciated by N27 billion to close N37.373 trillion.
The downturn was impacted by price depreciation in large and medium capitalised stocks amongst which are; Dangote Sugar Refinery, Vita Foam Nigeria, Guaranty Trust Holding Company , Nigerian Breweries and NASCON Allied Industries . Vetive Dealings and Brokerage said: “we expect similar mixed session tomorrow, as investors continue to cherry pick attractive names across board, while taking profit on recent gainers.”
Market breadth closed positive as 32 stocks gained relative to 20 decliners. An analysis of the investment showed that Guinea Insurance led the gainers table with 10 per cent to close at 23 kobo while Betaglass followed with a gain of 9.91 per cent to close at N47.15 kobo. Caverton gained 9.84 per cent to close at N1.34 kobo.
Oando Plc added 9.70 per cent to close at N7.35 kobo. CWG added 9.11 per cent to close at N4.79 kobo.
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:
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.
Age restriction widens unemployment queues as labour market shrinksAfter applying for different jobs for two years after her National Youth Service Corps, Adaeze Festus was excited when she got an employment
Source: MobilePunch - 🏆 8. / 63 Read more »
Niger Awards N30.5bn Contracts, Targets N500bn from Capital MarketNiger State government has signed contracts for the conversion of Shiroro Hotel to Ibrahim Badamasi Babangida University Teaching Hospital (IBBUTH) and the
Source: LeadershipNGA - 🏆 4. / 77 Read more »
Tinubu, stockbrokers’ pain points and market reformThe appointment of Mr Olawale Edun, a seasoned stockbroker and consummate banker with strong background in economics, as the Minister of Finance and Coordinating Minister of Economy can be described as a metaphor for turning around the Nigerian dwindling economy under the Administration of President Bola Tinubu.
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Pandemonium In Abuja Market As DSS Operatives Shoot 2There was a pandemonium in Garki Modern Market in Abuja city on Thursday when some operatives of the Department of State Service (DSS) stormed the market to
Source: LeadershipNGA - 🏆 4. / 77 Read more »
Nigeria's energy market huge, attractive - Onuigbo urges investorsSam Onuigbo, the Southeast representative on the governing board of the North East Development Commission (NEDC), has called on foreign and local
Source: DailyPostNGR - 🏆 11. / 59 Read more »
DSS officials triggers pandemonium in Garki market as FCT police intervenes | The Guardian Nigeria NewsUnnamed operatives of the Department of State Services (DSS) have triggered pandemonium and anger in Garki Modern Market, Abuja, today by shooting in the air while attempting to effect a tailor’s arrest.
Source: GuardianNigeria - 🏆 1. / 94 Read more »