Business

Equities market reverses gain, as investors lose N6.09bn

Adeoye Faith
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

Despite the positive market breadth of 20 gainers against 7 losers, the equities market of the Nigerian Stock Exchange (NSE) closed red with a marginal decline of 0.05 per cent on Wednesday.

This is amid the remote trading of brokers on the floor of the local bourse, being the measure taken by the NSE management to contain the spread of COVID-19.

The reversal of previous day gains followed profit-taking on MTN Nigeria, Total and five other stocks as gains in Banking, Consumer and Industrial goods sectors failed to sustain yesterday’s gain.

Consequently, the year to date loss of the NSE All-Share Index (ASI) increased to 19.05 per cent as predicted by analysts that the bullish activity would be short-lived amid increases in COVID-19 cases and sustained low crude oil prices.

ALSO READ: COVID-19: Arik Air suspends commercial flight operations Friday

In summary, the All-Share Index (ASI) decreased by 11.68 absolute points, representing a dip of 0.05 per cent to close at 21,729.48 points. Similarly, the overall Market Capitalisation size shed N6.09 billion, representing a dip of 0.05 per cent to close at N11.32 trillion.

The downturn was impacted by loses recorded in large and medium capitalized stocks, amongst which are; Total (-10.00%), Africam Prudential (-9.87%), FCMB (-3.85%) and MTN Nigeria (-2.91%).

Market activity was weak as volume and value of stocks traded tanked by 29.27 per cent and 37.25 per cent to 0.23 billion units and N2.24 billion respectively.

NIGERIAN TRIBUNE

 

 

 

YOU SHOULD NOT MISS THESE HEADLINES

VIDEO: Bauchi Governor, Bala Mohammed, Tests Positive For Coronavirus

Bauchi governor, Bala Mohammed, has tested positive for coronavirus. This is according to a release by the Bauchi State government, signed by Senior Special Assistant (Media), Mukhtar Gididado. The statement made public on Tuesday contained that, “this is to inform the general public that the result of the six… See the video

 

Lagos Markets To Shut Down On Friday

Lagos markets, offices, showrooms, and warehouses operating under the umbrella of Market Leaders and Traders Association of Nigeria, Lagos Chapter, will shut down, on Friday, over the raging coronavirus epidemic. In a statement issued this morning and signed by Comrade Christopher Okpala and Comrade… Read full story

 

FG Alerts Nigerians On Existence Of Coronavirus Ransomware

The Federal Government has alerted Nigerians to the existence of an Android-based malicious and fraudulent Coronavirus Ransomware Application, which claims to provide updates on the virus and infections near the user. In a statement issued in Abuja on Tuesday, the Minister of Information and Culture, Alhaji… Read full story

Get real-time news updates from Tribune Online! Follow us on WhatsApp for breaking news, exclusive stories and interviews, and much more.
 Join our WhatsApp Channel now

Share This Article
Previous Article Primate Ndukuba launches digital economy skills programme for Buhari congratulates Ndukuba, Anglican Communion’s new Primate
Next Article Jos killing: Bauchi gov, National Social Investment Programmes, Bauchi, COVID-19 COVID-19: Bauchi govt orders closure of markets

Frontpage Today

Subscribe to e-Paper

E-Vending, e paper, pdf, e-paper, Tribune

Welcome

Install
×