Stock Market Open Trading On N65bn Loss

The All Share Index decreased by 117.89 absolute points, representing a dip of 0.25 per cent to close at 47,436.45 points. Similarly, the market capitalisation lost N65 billion to close at N25.837 trillion.

The downturn was impacted by losses recorded in medium and large capitalised stocks, amongst which are; Beta Glass, BUA Cement, United Capital, SCOA Nigeria and Access Holdings.This week, United Capital Plc expected the impact of the recent 100bps monetary Policy Rate hike to surface in the local bourse, as investors will look to book profits from the recent rally.

“We expect money market yields to continue to respond to the MPC’s persistent policy tightening, driving renewed interest from investors. In addition, technical signals indicate the market is due a breather following the extended rally,” United Capital added. Meanwhile, market breadth closed negative, with 15 gainers versus 17 losers. Prestige Assurance recorded the highest price gain of 9.30 per cent to close at 47 kobo, per share. NEM Insurance followed with a gain 9.22 per cent to close at N4.50, while Courteville Business Solutions rose 8.70 per cent to close at 50 kobo, per share.

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

Fire guts shops in Onitsha Main MarketSources in Onitsha main market, the biggest market in West Africa have said fire is currently raging in a section of the market. A trader in the market, God abeg 👏🤦‍♂️ CCSoludo the confused governor where is your emergency team ? It is not about coming out to lie about things you know better . This z so sad, why z this november filled with too much negativity n death😓😓
แหล่ง: DailyPostNGR - 🏆 11. / 59 อ่านเพิ่มเติม »

Stock market halts gains as investors lose N65 billion | The Guardian Nigeria News - Nigeria and World NewsThe bears resurfaced on the trading floor of the Nigerian Exchange Limited (NGX) yesterday, after six consecutive days of uninterrupted bullish streak as losses in Betaglas and BUA cement dragged capitalisation by N65 billion.
แหล่ง: GuardianNigeria - 🏆 1. / 94 อ่านเพิ่มเติม »

Fire razes shops in Onitsha Main MarketSome shops at the Kano Street, behind Main Market in Onitsha, Anambra State have been razed by fire. The Main Market is about the biggest market in West Africa Onitsha and fire every festive period Na wa oooo The cause will be knwn
แหล่ง: MobilePunch - 🏆 8. / 63 อ่านเพิ่มเติม »

Nestle Losses N469.73bn in Market Value, Share Price Falls to N963.9 – THISDAYLIVE
แหล่ง: THISDAY LIVE - 🏆 14. / 51 อ่านเพิ่มเติม »

Inside NEDC Modern Int'l Cattle Market In BauchiSoro in Ganjuwa Local Government Area of Bauchi State has over decades grown into a cosmopolitan town, attributable to its ever-increasing famous cattle
แหล่ง: LeadershipNGA - 🏆 4. / 77 อ่านเพิ่มเติม »