Nigerian Stocks: No recovery as investors lose N426bn

  • 📰 PremiumTimesng
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 78%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

The All Share Index slipped 1.96 per cent.

were down by 1.96 per cent or N425.919 billion on Wednesday, bringing the month to date loss close to N1 trillion as selling pressure weighed on a market beset by loss-making since February began.

Investors put up large volumes of shares in Fidson, CAP, Regal Insurance, Sovereign Trust Insurance and Sunu Assurance for sale, making them contribute the most to the downtrend.Market breadth was negative with 37 losers emerging against 13 gainers. The All Share Index slipped to 40,696.01 index points while market capitalisation tapered to N21.290 trillion at the end of trade.Niger Insurance led the flock of gainers, appreciating by 10% to close at N0.22. Champion Breweries added 9.82% to end today’s trade at N3.02. Wapic went up by 7.41% to N0.58. Academy rose to N0.35, notching up 6.06% in the process. Guinness completed the top 5, climbing by 4.83% to N20.60.Etranzact was the worst performing stock, declining by 10% to close at N2.25.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

OBASANJO IS OUR PROBLEM IN NIGERIA AND THERE IS ONLY A SOLUTION TO IT, WATCH AS HIS OLD TIME FRIEND REVEAL THIS

*sigh*

MBuhari na bad head. Na so we go take dey go till 2023. BashirAhmaad

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 İE

Ireland Ireland Latest News, Ireland Ireland Headlines