Stock Market Sheds N24bn As MPR Raises By 100bps

  • 📰 LeadershipNGA
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 77%

México Noticias Noticias

México Últimas Noticias,México Titulares

Stock Market Sheds N24bn As MPR Raises By 100bps Business

Also, the Monetary Policy Committee of the Central Bank of Nigeria unanimously voted to increase the Monetary Policy Rate further by 100bps to 17.5 per cent at its first meeting of 2023, representing the fifth consecutive rate hike since the CBN commenced its monetary policy tightening cycle in May 2022.

The All-Share Index decreased by 45.14 absolute points, representing a decline of 0.09 per cent to close at 52,612.55 points. Similarly, the overall market capitalisation size lost N24 billion to close at N28.657 trillion.The downtrend was impacted by losses recorded in large and medium capitalised stocks, amongst which are; Geregu Power, Nigerian Breweries, Nigerian Exchange Group , Champion Breweries and Industrial and Medical Gas Nigeria .

As measured by market breadth, market sentiment was positive, as 20 stocks gained relative to 14 losers. Mutual Benefits Assurance recorded the highest price gain of 10 per cent, to close at 33 kobo, per share.with a gain 9.91 per cent to close at N12.20, while C&I Leasing rose by 9.84 per cent to close at N3.46, per share.

 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 4. in MX

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

PFAs Exposure to Stock Market Hits N856.16bn on Scramble for Fundamental Stocks – THISDAYLIVE
Fuente: THISDAY LIVE - 🏆 14. / 51 Leer más »

Equities Market To Continue Positive Momentum In 2023 – AnalystsParthian Securities Limited and i-Invest, have predicted a positive outlook for the Nigerian equities market in 2023.
Fuente: LeadershipNGA - 🏆 4. / 77 Leer más »

ASHON Boss Highlights Key Drivers of Nigerian Capital Market in 2023 – THISDAYLIVE
Fuente: THISDAY LIVE - 🏆 14. / 51 Leer más »

US sues Google over dominance of online ad marketThe United States Justice Department sued Google on Tuesday for its dominance of the online advertising market, launching a fresh legal battle against the California-based tech giant over its world leading search engine. Suing your own citizen 😲 😅 America fears who they cannot control What is this?😂
Fuente: MobilePunch - 🏆 8. / 63 Leer más »

Naira extends losses on official marketIn Uyo, currency dealers said the rate stood at N744.00 per dollar against the greenback
Fuente: PremiumTimesng - 🏆 3. / 78 Leer más »