News Formal

Nigerian Stocks retreat on profit-taking in Nestle, Zenith, WAPCO

  • 📰 PremiumTimesng
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 78%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Food giant Nestle’s drop followed its underwhelming 2020 financial performance.

Nigerian stocks fell 0.59 per cent on Tuesday, easily obliterating Monday gains as selling pressure on equities, especially blue chip stocks likeunderwhelming 2020 financial performance

, which has prompted the board to draw from the company’s retained earnings for 2018 and 2019 to shore up the dividend payout proposed for the last financial year. The consumer goods was the runt of the litter of the five sectorial indices, sliding by 3.86 per cent Index to 539.47 points.The benchmark index slid to 39,697.62 index points, while market capitalisation tapered to N20.770 trillion.Academy led gainers on the NSE, appreciating by 9.76% to close at N0.45. PZ climbed up by 9.38% to N5.25. Royal Exchange added up 8% to end today’s trade at N0.27. Beta Glass advanced by 8% to N54. Regal Insurance rose to N0.28, notching up 7.69% in the process.

 

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 CA

Canada Canada Latest News, Canada Canada Headlines

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

Nigerian stocks deepen loss on profit-taking in WAPCO, MTN, ZenithThe ASI tapered by 0.44 per cent to 39,522.06 basis points. Market capitalisation declined to N20.678 trillion at the end of trade.
Source: PremiumTimesng - 🏆 3. / 78 Read more »

GTB, Dangote Sugar, Zenith lead N45 billion rout as Nigerian stocks slide furtherThe all-share index closed at 38,561.84 points.
Source: PremiumTimesng - 🏆 3. / 78 Read more »

Nigerian stocks slide after sell-offs in WAPCO, Zenith, MTN sharesFirst Bank Holdings was the most active stock with 79.603 million units of its stocks worth N574.498 million traded in 484 deals.
Source: PremiumTimesng - 🏆 3. / 78 Read more »

Nigerian stocks deepen loss by N193 billion amid sell pressure on bank stocksProfit-taking in the shares of Zenith, GTB and Stanbic accounted most for the decline.
Source: PremiumTimesng - 🏆 3. / 78 Read more »

NSE: Nigerian stocks down by 0.05% amid bank stocks sell-offThe all-share shrank by 17.90 points to close at 38,704.97.
Source: PremiumTimesng - 🏆 3. / 78 Read more »