Trading in the local bourse opened the week weaker on sell down of BUA Cement and some banking stocks.
Consequently, equities investors lost N7.45 billion as the market capitalisation of the Nigerian Stock Exchange (NSE) closed at N13.057 trillion on Monday as against N13.063 trillion it closed the previous week.
The benchmark index declined by 0.1 per cent to 25,027.61 basis points on Monday, to mark the first decline in seven consecutive trading sessions. Consequently, the Month-to-Date gain moderated to +1.4 per cent while the Year-to-Date loss increased to -6.8 per cent.
Sector analyses indicated that the Insurance, Consumer Goods and Oil & Gas indices recorded gains, while the Industrial Goods and Banking indices declined.
Market sentiment, as measured by the market breadth, was however positive as 17 stocks gained relative to 11 losers. Cornerstone Insurance and Unilever recorded the largest gains of the day having appreciated by 9.1 per cent and 7.1 per cent respectively, while Champion Breweries and Honeywell Flour were the top losers having depreciated by 9.5 per cent and 8.6 per cent respectively.
The total trade volume increased by 4.9 per cent to 175.33 million units, valued at N1.43 billion and exchanged in 4,294 deals. FBN Holdings was the most traded stock by volume at 22.94 million units while Guaranty Trust Bank was the most traded stock by value at N344.28 million.
YOU SHOULD NOT MISS THESE HEADLINES FROM NIGERIAN TRIBUNE
N2.5trn Voted For Federal Roads In 20 Years
THE Federal Government has in the last 20 years allocated the sum of N2.542 trillion to construction and rehabilitation of federal roads, Tribune Online findings at the Federal Ministry of Finance, Budget and National Planning, as well as the Federal Ministry of Works and Housing, have revealed. The allocation was made during the administrations of four former leaders of the country; General Abdulsalami Abubakar (1999), Chief Olusegun Obasanjo (1999-2007), Alhaji Umaru Yar’ Adua (2007-2010) and Dr Goodluck Jonathan (2010-2015) and the current…
Equities market reverses seventh day
School Reopening: JAMB Meets Heads Of Tertiary Institutions On New Admission Date
THE Joint Admissions and Matriculation Board(JAMB) is considering a new date for the commencement of the 2020 admissions processes from the earlier announced date of 22nd August 2020. The Board would accordingly meet all the tertiary institutions on Monday, 10th August 2020, to brainstorm on the possibility of shifting…
Equities market reverses seventh day
A very grim but accurate picture of Nigeria’s food security crisis was presented last week…
The event offers a rare intersection of government policy, industry strategy, and technical expertise focused…
I assure you that whatever we can do to help your dream come true for…
…saying foreign aid reliance entangles nations A Professor of Economics from the College of Management…
He noted that Anambra, once a leading light in education for over a decade, has…
Prince Adewole Adebayo, the candidate of the Social Democratic Party (SDP) in the 2023 presidential…
This website uses cookies.