News Formal

Stocks Market Halts 3-Day Positive Trend, Sheds N42bn

  • 📰 LeadershipNGA
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 77%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

Trading activities in the domestic equities market yesterday returned back to decline by N42 billion, as investors booked profits in FBN Holdings (FBNH) and

In summary, the All-Share Index declined by 76.90 absolute points, representing a decrease of 0.14 per cent to close at 53,193.98 points. Similarly, the overall market capitalization value lost N42 billion to close at N28.677 trillion.The market loss was driven by price depreciation in large and medium capitalised stocks amongst which are; FBN Holdings , Stanbic IBTC Holdings, Champion Breweries, NEM Insurance and eTranzact International.

On market outlook, analysts at GTI Securities Limited said: “the stock market closed positively, as bargain hunting was seen in all the major sectors. We expect cautious trading to continue.” Market breadth closed negative as 18 stocks lost relative to 16 gainers. Caverton Offshore Support Group recorded the highest price gain of 7.34 per cent to close at N1.17, per share. FTN Cocoa processors followed with a gain 5.88 per cent to close at 36 kobo, while Transnational Corporation of Nigeria gained 5.69 per cent to close at N1.30, per share.

Cutix appreciated by 4.98 per cent to close at N2.74, while Linkage Assurance gained 3.70 per cent to close at 56 kobo, per share. On the other hand, Champion Breweries led the losers’ chart by 9.79 per cent to close at N3.50, per share. Cornerstone Insurance followed with a decline of 9.68 per cent to close at 56 kobo, while eTranzact International shed 9.67 per cent to close at N2.71, per share.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 4. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

One person dies as uncompleted storey building collapses in Kano marketResidents have accused officials of granting permits for the construction of dodgy buildings in already congested markets in the state.
Источник: PremiumTimesng - 🏆 3. / 78 Прочитайте больше »

Stock Market Rises By N100bnThe domestic stock market yesterday sustained the bullish momentum with N100 billion gain, following bargain hunting in MTN Nigeria Communications (MTNN) and
Источник: LeadershipNGA - 🏆 4. / 77 Прочитайте больше »

Stock Market Down 0.14% on Sell-off in FBN Holdings, 17 OthersKayode Tokede Trading activities in the stock market of the Nigerian Exchange Limited (NGX) yesterday depreciated by 0.14 per cent, following investors sell-off in FBN Holdings (FBNH) and 17 others…
Источник: THISDAY LIVE - 🏆 14. / 51 Прочитайте больше »

Stocks retreat, as yen hits 20-year dollar low | The Guardian Nigeria News - Nigeria and World NewsMajor stock markets mostly retreated Tuesday, while the yen struck a fresh 20-year low against the dollar.
Источник: GuardianNigeria - 🏆 1. / 94 Прочитайте больше »

Stock Market Down 0.14% on Sell-off in FBN Holdings, 17 OthersKayode Tokede Trading activities in the stock market of the Nigerian Exchange Limited (NGX) yesterday depreciated by 0.14 per cent, following investors sell-off in FBN Holdings (FBNH) and 17 others…
Источник: THISDAY LIVE - 🏆 14. / 51 Прочитайте больше »