Equities market posts 3rd consecutive gains as investors further earn N61.6bn, stock market dips further , Bears persist at NGX, Equities investors lose N12.6%, Local stock market closes flat despite robust activities, Equities investors lose N38bn, Local stock market halts negative trend as investors earn N43bn, Local stock market dips further, as investors lose N516bn, bearish despite robust activities, Local stock market halts bears, gains 3bps, Local market opens week, Bullish sentiments persist, Equites investors earn N96bn , Negative sentiments persistent , Equities market sustains previous day loss, sheds 0.3%, Local stock market reverse losses, as ASI gains 1.24%, Equities investors lose N64bn, Local stock market maintains, NGX: Local stock market halts bullish run as ASI dips by 0.2%, Positive sentiments persist , bulls persist at NGX, Stock market closes week , Local stock market , Banking stocks loss dips, Local stock market sustains negative sentiments into new week, Local stock market, investors book profits off investment, Local stock market appreciates by 0.4% (WoW) amidst profit-booking, Equities investors earn N42bn , Local stock market opens, Local stock market gained N101bn in 5 days, Local stock market moderates by 0.03%, Local stock halt, Local stock market halts , Equities investors lose, Local stock market, Local stock market bows, Local stock market rebounds, High cap stocks' loss , Local stock market rebounds as market capitalisation crosses N24trn, Equities investors gain N23bn , NGX lists BUA Foods, equities market goes bullish, Local stock market extends, Equities investors earn N22bn , Local stock market opens , NGX: Stock market maintains positive sentiment as benchmark index adds 1%, Equities investors gains N629bn, Local stock market dips, Local stock market opens week bullish as investors earn N31.8bn, Investors sheds previous gains , Telcos stNegative sentiments persist, ocks push market, Investors lose N13bn in five days, Profit-taking dips market, Local stock market opens, Equities investors lose N12bn, Investors gain N169.7bn , Investors earn N54bn, Equities market rebounds, sentiments persist as investors earn, equities market halts bearish strides, Equities investors earn N10bn in five days, Local stock, dips market further by 0.1%, market reverses previous day's gain, Equities investors lose N24.4bn, Local stock market goes flat despite robust activities, Profit-taking pushed market bearish, Market opens September on bearish trend, Dangote Cement, Access stocks halt bearish trend, bears persists at NGX, Equities investors trade N8.2bn , FBN Holdings shares moves Investors lose N20bn, Equities investors earn N371bn, Bullish trend persists, Local stock market, Equities market post fourth day, Investors gain N30.1bn, Equities investors lose N159.54bn , Equities investors lose N159.54bn, Sell pressure dips market, investors gain N376bn, NGX posts second weekly loss, Bearish trend persists, Market opens week weaker, market bows to profit taking, Equities investors earn , Local bourse opens week , Local stock market closes, Sell-off in Airtel Africa's stocks pushes local stock market lower by 0.2 per cent, Bears persists , equities investors lose N23bn, Equities market bows equities investors lose , Investors gain N151bn , Investors earn N245bn , Local stock market opens, Local stock market , Equities investors lose , Local stock market, Equities market lost N604bn, Equities market sustains, Buying interest in banking stocks Stock investors earn N59.42bn, Local stock market extends , Equities investors earn , Local stock market reverses , stock pushes equities market , Equities investors begins week with N20.9bn gain,Profit-taking on banking stocks dips market by 0.2%, Local equities market rebounds, market dips, Local bourse lifts bears , Equities market, Local stock market dips, Investors lose N118bn, Equities market, Equities investors earn N108bn, Local stock market sheds, Equities market ,equities market rebounds, Local stock market opens, equities investors lose N245bn, Equities investors lose N17bn, Investors lose N15bn, Local equities market rebounds, Local stock market reverses, Bearish sentiments hit eight sessions, market begins month weaker, Equities market, Seplat stocks push market , Equities market opens week, Equities market sustains previous day, Stock market, Equities marNigerian Exchange Group, Equities market, Stock market sustains gains, Equities investors gain N42.3bn, NSE market equities, equities market, Stock market, Banking stocks losses, Equities market profit-taking, Equities investor, equities market, 0.07 market, Market capitalisation, Equities market reverses seventh day, injvestors gain, equities investors, market capitalisation, NSE, market, Local stock market, Investors gain N73.07bn, Equities market, Equities market opens, Equities market, Dangote Cement, Stock, Equities market, equities, market, Investors loseEquities market, equities investors earn
Business

Equities investors lose N12.6% as bears persist at NGX

Kehinde Akinseinde-Jayeoba

Equities trading at the Nigerian Exchange Limited (NGX), on Wednesday, was unimpressive as the session closed weaker to leave the All-Share Index (ASI) 0.05 per cent lower.

The ASI settle at 49,421.91 basis points, as profit-taking resumed at the local bourse, leaving the year-to-date (YTD) return decreased to 15.70 per cent.

Equities investors, therefore, lost N12.62 billion as the market capitalization settled at N26.66 trillion.

On Wednesday, losses in FBN Holdings, Access Corporation and Wapco, offset buying interest in Tier-1 banking names, Zenith Bank, Stanbic IBTC and United Bank for Africa.

Market breadth closed negative at a 1.2-to-1 ratio with declining issues outnumbering advancing ones.

On the chart, Academy Press, NEM Insurance, Cadbury, Jaiz Bank and NGX Group were among the worst performing stocks as their shares dipped by 9.78 per cent, 6.08 per cent, 5.45 per cent, 4.76 per cent and 4.38 per cent, respectively.

Conversely, Fidelity Bank, Stanbic IBTC, United Bank for Africa and Zenith Bank share prices increased by 5.46 per cent, 1.69 per cent, 1.38 per cent and 0.76 per cent, respectively, lifting the NGX Banking index by 0.49 per cent.

Given the bearish sentiment, the NGX Insurance index, NGX Consumer Goods index, NGX Oil/Gas index, and NGX Industrial index all fell by 1.21 per cent, 0.02 per cent, 0.10 per cent, and 0.03 per cent, respectively.

Analysis of market activities on Wednesday showed trade turnover settled lower relative to the previous session, with the value of transactions decreasing by 75.35 per cent.

A total of 51.88 million shares valued at N590.00 million were exchanged in 2,981 deals.
Zenith Bank was the most active stock in terms of volume and turnover, with 6.30 million shares worth N125.54 million changing hands in 296 transactions.

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Equities investors lose N12.6% as bears persist at NGX

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