ADVERTISEMENT
  • The Membership Club
  • PT Hausa
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
Saturday, January 16, 2021
Premium Times Nigeria
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
Premium Times Nigeria
BUA Group Ad BUA Group Ad BUA Group Ad
ADVERTISEMENT
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria November 9, 2016. REUTERS/Afolabi Sotunde

The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria November 9, 2016. REUTERS/Afolabi Sotunde

NSE: Market capitalisation loses N265bn as bearish trend persists

byAgency Report
July 11, 2019
1 min read
ADVERTISEMENT

The Nigerian equities market dipped further on Thursday with the market capitalisation losing N265 billion within seven hours of trading due to price loses by blue chips.

Specifically, the market capitalisation closed lower at N13.993 trillion having lost N265 billion or 1.86 per cent from the N14.258 trillion achieved on Wednesday.

The All-Share Index, which opened at 29,256.60, shed 544.30 points or 1.86 per cent to close at 28,712.30.

Some analysts at Afrinvest said: “barring any catalyst to spur investors’ appetite, we expect the bearish performance to persist in the near-term.”

Also, analysts at Cordros Capital said: “our projection for equities in the short to medium-term remains conservative amidst the absence of any catalyst of market returns.”

Most blue chip posted price loses with Nestle leading the pack with a loss of N65 to close at N1,280 per share.

Airtel Africa trailed with N35.90 to close at N323.50, while MTN Nigeria Communications dipped by N3 to close at N130 per share.

Cement company of Northern Nigeria was down by N1.50 to close at N13.85, while Dangote Cement dipped by 50k to close at N173 per share.

Conversely, GTB recorded the highest price gain to lead the price gainers’ table, rising by 95k to close at N30 per share.

RelatedNews

15 die in separate road crashes in Edo

WAFU B Tournament: Golden Eaglets qualify for final, pick AFCON ticket

NSE: Mid-cap stocks spur N19 billion gain

UPDATED: Nigeria’s Inflation hits 32-month peak

Nigerian Breweries followed with a gain of 50k to close at N61, while Wapco Insurance appreciated by 15k to close at N13.70 per share.

Custodian and Allied Insurance added 5k to close at N6.20, while Ecobank Transnational grew by 5k to close at N9.95 per share.

FBN Holdings was the toast of investors, trading 50.12 million shares valued at N302.31 million.

Dangote adbanner 728x90_2 (1)

Zenith Bank followed with 21.13 million shares worth N404.32 million, while Access Bank traded 18.89 million shares valued at N125.52 million.

UBA sold 13.10 million shares worth N77.47 million, while GTB exchanged 12.99 million shares worth N380.713 million.

In all, investors traded 188.43 million shares valued at N3.17 billion in 3,105 deals.

This was against the 188.77 million shares worth N3.72 billion traded in 3,363 deals on Wednesday.

(NAN)

  • WhatsApp
  • Tweet
  • Email
  • Print
  • Telegram
  • More
  • Share on Tumblr
  • Pocket

Support PREMIUM TIMES' journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

Donate


TEXT AD: To advertise here . Call Willie +2347088095401...


JOIN THE CONVERSATION

  • Disqus (0)
premiumtimes



PT Mag Campaign AD

Previous Post

Police, parliament, judiciary, top list of ‘corrupt institutions’ in Nigeria – Survey

Next Post

In-Vitro Fertilisation: U.S. couple sue fertility clinic for using embryo on wrong woman

Agency Report

Agency Report

More News

Atedo Peterside resigns as Stanbic IBTC Bank Chairman

Stanbic IBTC discontinues its BDC operation

January 16, 2021
Chairman of Heirs Holdings, Tony Elumelu

Heirs Holdings acquires 45% of OML 17 from Shell, Total, ENI

January 15, 2021
Nigeria Stock Exchange (NSE)

NSE: Mid-cap stocks spur N19 billion gain

January 15, 2021
National Bureau of Statistics (NBS)

UPDATED: Nigeria’s Inflation hits 32-month peak

January 15, 2021
Shell reports falling profit amid oil price slump

UPDATED: Court moves to seize First Bank’s assets over Shell’s multimillion naira debt

January 15, 2021
Zainab Shamsuna Ahmed, Minister of Finance at #NES26 [PHOTO: @officialNESG]

Nigeria confirms plans to sell govt properties to fund 2021 budget

January 15, 2021
Next Post
Anni and Ashot Manukyan (Photo Credit CBS News)

In-Vitro Fertilisation: U.S. couple sue fertility clinic for using embryo on wrong woman

Lanre Arogundade

Book on 'Media and Elections' by Lanre Arogundade set for launch

Discussion about this post

Search

#EndSARS: Latest Updates




Polaris Bank


NITDA Ad




Advertisement






netherland biz school Advert

Zenith Advert

Heritage Advert
ADVERTISEMENT

Our Digital Network

  • PT Hausa
  • Election Centre
  • Human Trafficking Investigation
  • Centre for Investigative Journalism
  • National Conference
  • Press Attack Tracker
  • PT Academy
  • Dubawa
  • LeaksNG
  • Campus Reporter

Resources

  • Oil & Gas Facts
  • List of Universities in Nigeria
  • LIST: Federal Unity Colleges in Nigeria
  • NYSC Orientation Camps Address Nationwide
  • Nigeria’s Federal/States’ Budgets since 2005
  • Malabu Scandal Thread
  • World Cup 2018
  • Panama Papers Game
  • Our Digital Network
  • About Us
  • Resources
  • Projects
  • Data & Infographics
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

No Result
View All Result
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Panama Papers
    • Paradise Papers
    • Parliament Watch
    • AGAHRIN
  • Opinion
  • PT Hausa
  • The Membership Club
  • Dubawa
    • Dubawa NG
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
  • Digital Store
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

Our website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.