Investors lose N7bn as equities market reverses previous day gain

The Nigerian equities market reverses previous day gain as the market indicators plunged into the red region on Tuesday.

Specifically, All Share Index (ASI) of the Nigerian Stock Exchange (NSE) closed 0.54 per cent downward at 24,650.16 basis points, just as the market capitalisation settled at N12.858 trillion after depreciating by N7 billion.

Similarly, Market breadth closed in favour of bears with 14 stocks in the gainers’ chart against 17 decliners.

ALSO READ: COVID-19: Osun cancels Eid prayers, okays Juma’at in mosque 

Berger Paints led the gainers’ chart, trailed by Mutual Benefits, Unity Bank, Okomu Oilpalm and Oando. At the rear end of the chart, Total, Seplat, NPF Microfinance Bank, UAC Nigeria and Julius Berger led the chart.

Market activity dropped further from the previous level as the volume of trades recorded 150 million units as against 165 million shares traded in the previous trading session, amounting to 8.98 per cent decline. Value of traded shares followed suit to record a total of N1.978 billion, a 15.53 per cent decline from the previous value of N2.341 billion.

In order of appearance, Mutual Benefit, FBN Holdings, Access Bank, WAPCO and Guaranty Trust Bank ended the trading day as top performers in terms of volume while MTN Nigeria, Guaranty Trust Bank, WAPCO, Zenith Bank and FBN Holdings made up the top five performers in terms of the value of units traded on Tuesday.

 

YOU SHOULD NOT MISS THESE HEADLINES FROM NIGERIAN TRIBUNE

No fewer than 30 members of the House of Representatives are expected to appear before the House Committee on Ethics and Privileges over the allegations bordering on the execution of over N100 billion in the controversial 2018 emergency projects awarded by the Niger Delta Development Commission… Read Full Story
The coast appears finally clear for African Development Bank President, Dr. Akinwumi Adesina to be inaugurated for a second term in the office as the independent review panel cleared him of all allegations against him by the United States of America… Read Full Story
NO fewer than 30 members of the House of Representatives are expected to appear before the House of  Representatives Committee on Ethics and Privileges over the allegations bordering on the execution of over N100 billion in the controversial 2018 emergency projects awarded by the Niger Delta… Read Full Story
The Minister of Labour and Employment, Senator Chris Ngige, has maintained that he acted within the presidential directives on the suspension of top management and executive committee members of Nigeria… Read Full Story
In the course of last week, both Chambers of the National Assembly took up the issue of failing security across the land. Whilst the Senate asked that the service chiefs be sacked, the House of Representatives interacted with the security agencies. It is now clear to all and sundry, at least from the comments and contributions… Read Full Story
While flights across Africa have grounded to a halt and many nations have shut their borders to fight the Covid-19 pandemic, one American agency has ignored directives to stop cross-border travel… Read Full Story
The Nigeria Labour Congress (NLC) has voiced its strong opposition to the six per cent stamp duty on tenancy and lease agreement in the country; and rejected the new policy by the Federal Government through the Federal Inland Revenue Service… Read Full Story
Move by the Senate to investigate the allegation that certain lawmakers used their position to influence contract awards to themselves and their cronies might be dead on arrival. The Senate while considering the report of its ad-hoc committee to investigate alleged financial recklessness by the Interim Management… Read Full Story
Alayeluwa Oba Okunade Sijuwade Olubuse II was born on January 1, 1930 to the great Ogboru Ruling House, Ilare, Ile-Ife. Prince Okunade Sijuwade, as he was then called, started his elementary education at Igbein School Abeokuta, an institution owned by the CMS mission authority, there he lived with his brothers… Read Full Story
LAST week, during a virtual meeting of the Federal Executive Council (FEC), the Federal Government approved the establishment of a N75bn Nigerian Youth Investment Fund (NYIF). Speaking on the initiative, the Minister of Youths and Sports, Sunday Dare, disclosed that the “youth bank” was meant to support… Read Full Story
Lucy has emerged the second Head of House (HoH) in BBNaija Lockdown edition. She emerged winner of the weekly Head of House game, on Monday night, and picked fellow housemate, Prince, to be her Deputy Head of House. Her win gives them both an exclusive access to the luxurious Head of House lounge and… Read Full Story
You might also like
Comments

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More