News Formal

Nigerian stocks end two-day rally with N66bn loss

  • 📰 PremiumTimesng
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 78%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The benchmark index fell to 40,095.49 points while market capitalisation contracted to N20.978 trillion at the end of trade.

Nigerian Breweries joined big lenders Zenith, UBA, Access as well as investment banking company United Capital in the biggest losses.Market breadth was positive with 26 gainers emerging against 14 losers.Chams led the flock of gainers, appreciating by 9.09 per cent to close at N0.24. Royal Exchange added 8 per cent to end today’s trade at N0.27.

Wema went up by 7.69 per cent to N0.70, following a 14.8 per cent revenue drop in its 2020 financials that also saw profit decline, in this case marginally by 2.7 per cent. Red Star Express rose to N3.30, notching up 5.77 per cent in the process. Prestige completed the top five, climbing by 4.55 per cent to N0.46.

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 NG
 

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

Crypto is winning 😂😂

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Selling pressure on MTN, banks reverses Nigerian stocks one-day rallyThe all-share index slipped 709.72 points.
Source: PremiumTimesng - 🏆 3. / 78 Read more »

Banks lead retreat as Nigerian stocks end seven-day gaining streakThe all-share index slid 13.04 points, closing at 39,305.48.
Source: PremiumTimesng - 🏆 3. / 78 Read more »

Nigerian stocks creep back to positive territory as big-cap stocks lead rallyThe benchmark index rose by 0.63 per cent.
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 »