News Formal

Unimpressive macro environment depresses stock market

  • 📰 vanguardngrnews
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 75%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

Sell pressure on Dangote Cement forced down the share price by 8.5%, offsetting the gains in BUA Foods and Airtel Africa to trigger a 0.1% WoW decline in the NGX All-Share Index to 67,324.59 points.

The Nigerian Exchange Limited, NGX, has recorded a second consecutive sluggish week, as sell pressures from highly capitalized stocks persists Week-on-Week, WoW at the backdrop of the unimpressive macro environment which remains a significant headwind for corporate earnings, according to analysts.

As a result, the Month-to-Date, MtD, and Year-to-Date, YtD, gains moderated to +1.2% and +31.4%, respectively.Further analysis showed that the decline was mainly driven by increased selling activity in Oando, which had been on a nine-session winning streak, as well as banking giants like Guaranty Trust , GTCO and Sterling Holding along with the industrial goods company Dangote Cement .

The total trading volume saw an impressive 151.53% expansion to 1.03 billion units while the total value traded down 16.79% to N4.35 billion.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 5. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Stock market sheds N39bn amid increased trade volumeThe local bourse closed negative on Friday by 0.11 per cent week-on-week due to weak market momentum which saw investors losing N39bn.
출처: MobilePunch - 🏆 8. / 63 더 많은 것을 읽으십시오 »