Nigeria Stock Market opens Week With N83bn Loss

Cat:

Related stories

U.S. Remittance Tax Casts Shadow Over African Economies

By Sonny Iroche A new bill passed by the U.S....

Akwa-Ibom Commissioner Defies Gov Umo Eno, Resigns, Says I Can’t Join Gov In APC

By Kolawole Ojebisi The commissioner for special duties and Ibom...

Trump Vs Musk: JD Vance Declares Support For US President Amid Online Row

By Kolawole Ojebisi US Vice President J.D. Vance has weighed...

Exclusive: Inside Details Of Sanwo-Olu’s Alleged Strained Ties With Tinubu

How Lagos Gov's Attendance of Achimugu’s 50th Birthday...

Revealed! The most beautiful city in Africa

Europe is home to several famous mega-cities, from London...

Tranding on the nation’s bourse resumed for the week on a negative mood with a loss of N83 billion following sell pressure on bellwether stocks.

Specifically, the market capitalisation which opened for the week at N20.572 trillion dipped N83 billion or 0.40 per cent to close at N20.489 trillion.

Also, the All-Share Index lost 158.98 points or 0.40 per cent to close at 39,326.67 from 39,485.65 recorded on Friday.

Accordingly, month-to-date gain moderated to 2.0 per cent, while year-to-date loss increased to 2.3 per cent.

The market lose was driven by price depreciation in large and medium capitalised stocks amongst which are; Dangote Cement, Eterna, Oando, Ecobank Transnational Incorporated, Champion Breweries and Zenith Bank.

This week, analysts at United Capital Plc expected the pendulum of sentiments to be swayed by the outcome of audited numbers of the big banks.

Market sentiment closed positive with 21 gainers in relative to 18 losers.

Champion Breweries led the losers’ chart in percentage terms by 7.73 per cent to close at N2.03 per share.

Eterna followed with 7.20 per cent to close at N6.96 while Linkage Assurance shed 6.45 per cent to close at 58k per share.

Oando lost five per cent to close at N4.56 while Caverton Offshore shed 4.86 per cent to close at N1.76 per share.

Conversely, Honeywell Flour Mills dominated the gainers’ chart in percentage terms with 9.86 per cent to close at N3.90 per share.

UACN Property followed with 9.84 per cent to close at N2.01 while Associated Bus Company rose by 9.09 per cent to close at 36k per share.

Presco garnered 8.90 per cent to close at N79.50 while FTN Cocoa processors appreciated by 8.33 per cent to close at 52k per share.

However, the total volume of trades increased by 29.27 per cent to 301.01 million units valued at N1.54 billion exchanged in 4,715 deals.

This was in contrast with a total of 232.85 million shares worth N1.85 billion traded in 3,351 deals on Friday.

Transactions in the shares of Transcorp topped the activity chart with 51.691 million shares valued at N46.84 million.

Honeywell Flour Mills followed with 43.73 million shares worth N167.91 million, while Consolidated Hallmark Insurance traded 17.61 million shares valued at N10.63 million.

Oando traded 16.12 million shares valued at N71.45 million, while UPDC transacted 15.11 million shares worth N29.91 million. (NAN)

Hamilton Nwosa
Hamilton Nwosa
Hamilton Nwosa is an experienced, and committed communication, business, administrative, data and research specialist . His deep knowledge of the intersection between communication, business, data, and journalism are quite profound. His passion for professional excellence remains the guiding principle of his work, and in the course of his career spanning sectors such as administration, tourism, business management, communication and journalism, Hamilton has won key awards. He is a delightful writer, researcher and data analyst. He loves team-work, problem-solving, organizational management, communication strategy, and enjoys travelling. He can be reached at: hamilton_68@yahoo.com

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

[tds_leads input_placeholder="Your email address" btn_horiz_align="content-horiz-center" pp_msg="SSd2ZSUyMHJlYWQlMjBhbmQlMjBhY2NlcHQlMjB0aGUlMjAlM0NhJTIwaHJlZiUzRCUyMiUyMyUyMiUzRVByaXZhY3klMjBQb2xpY3klM0MlMkZhJTNFLg==" pp_checkbox="yes" tdc_css="eyJhbGwiOnsibWFyZ2luLXRvcCI6IjMwIiwibWFyZ2luLWJvdHRvbSI6IjQwIiwiZGlzcGxheSI6IiJ9LCJwb3J0cmFpdCI6eyJtYXJnaW4tdG9wIjoiMTUiLCJtYXJnaW4tYm90dG9tIjoiMjUiLCJkaXNwbGF5IjoiIn0sInBvcnRyYWl0X21heF93aWR0aCI6MTAxOCwicG9ydHJhaXRfbWluX3dpZHRoIjo3NjgsImxhbmRzY2FwZSI6eyJtYXJnaW4tdG9wIjoiMjAiLCJtYXJnaW4tYm90dG9tIjoiMzAiLCJkaXNwbGF5IjoiIn0sImxhbmRzY2FwZV9tYXhfd2lkdGgiOjExNDAsImxhbmRzY2FwZV9taW5fd2lkdGgiOjEwMTksInBob25lIjp7Im1hcmdpbi10b3AiOiIyMCIsImRpc3BsYXkiOiIifSwicGhvbmVfbWF4X3dpZHRoIjo3Njd9" display="column" gap="eyJhbGwiOiIyMCIsInBvcnRyYWl0IjoiMTAiLCJsYW5kc2NhcGUiOiIxNSJ9" f_msg_font_family="downtown-sans-serif-font_global" f_input_font_family="downtown-sans-serif-font_global" f_btn_font_family="downtown-sans-serif-font_global" f_pp_font_family="downtown-serif-font_global" f_pp_font_size="eyJhbGwiOiIxNSIsInBvcnRyYWl0IjoiMTEifQ==" f_btn_font_weight="700" f_btn_font_size="eyJhbGwiOiIxMyIsInBvcnRyYWl0IjoiMTEifQ==" f_btn_font_transform="uppercase" btn_text="Unlock All" btn_bg="#000000" btn_padd="eyJhbGwiOiIxOCIsImxhbmRzY2FwZSI6IjE0IiwicG9ydHJhaXQiOiIxNCJ9" input_padd="eyJhbGwiOiIxNSIsImxhbmRzY2FwZSI6IjEyIiwicG9ydHJhaXQiOiIxMCJ9" pp_check_color_a="#000000" f_pp_font_weight="600" pp_check_square="#000000" msg_composer="" pp_check_color="rgba(0,0,0,0.56)" msg_succ_radius="0" msg_err_radius="0" input_border="1" f_unsub_font_family="downtown-sans-serif-font_global" f_msg_font_size="eyJhbGwiOiIxMyIsInBvcnRyYWl0IjoiMTIifQ==" f_input_font_size="eyJhbGwiOiIxNCIsInBvcnRyYWl0IjoiMTIifQ==" f_input_font_weight="500" f_msg_font_weight="500" f_unsub_font_weight="500"]

Latest stories

NDN
Latest News
U.S. Remittance Tax Casts Shadow Over African EconomiesAkwa-Ibom Commissioner Defies Gov Umo Eno, Resigns, Says I Can't Join Gov In APCTrump Vs Musk: JD Vance Declares Support For US President Amid Online RowExclusive: Inside Details Of Sanwo-Olu’s Alleged Strained Ties With TinubuRevealed! The most beautiful city in AfricaElon Musk’s Fortune Plummets By $34 Billion As Feud with Trump EscalatesGov. Umo Eno: Why I Dumped PDP For APC[Video] Akwa Ibom: Gov Umo Eno Officially Defects to APC in Major Political ShiftOtedola Hails Dangote's Refinery As "Eighth Wonder Of The Modern Era"Tears as Mohammed Uwais, ex- Chief Justice of Nigeria, Dies at 89Trump Slams Musk in Explosive Fallout Over Policy ClashNo Untouchables, I'll 'Touch' Abuja Wealthy And Heavens Won't Fall -- Wike BoastsTears As Nigeria's Ex-Ambassador To US, Jubril Aminu, Dies At 85"Why Wike's Politics Should Be Studied At Universities," Says Ooni of IfeUsing FOI Act As Blackmail tool Not Activism But Sabotage -- NEITI Warns
X whatsapp