ADVERTISEMENT
  • The Membership Club
  • #EndSARS Dashboard
  • PT Hausa
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
Wednesday, May 18, 2022
Premium Times Nigeria
  • Home
  • Gender
  • 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
    • COVID-19
    • News Reports
    • Special Reports and Investigations
    • Data and Infographics
    • Health Specials
    • Features and Interviews
    • Multimedia
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Special Reports/Investigations
    • Data and Infographics
    • Features and Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • #EndSARS Dashboard
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • #PandoraPapers
  • AUN-PT Data Hub
  • Home
  • Gender
  • 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
    • COVID-19
    • News Reports
    • Special Reports and Investigations
    • Data and Infographics
    • Health Specials
    • Features and Interviews
    • Multimedia
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Special Reports/Investigations
    • Data and Infographics
    • Features and Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • #EndSARS Dashboard
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • #PandoraPapers
  • AUN-PT Data Hub
Premium Times Nigeria
BUA Group Ad BUA Group Ad BUA Group Ad
ADVERTISEMENT
Stocks This Week: Earnings optimism fail to lift shares

Stocks This Week: Earnings optimism fail to lift shares

The benchmark index and market capitalisation climbed by 1.47 and 1.49 per cent in that order.

byRonald Adamolekun
July 10, 2021
2 min read

Nigerian stocks began the week vibrantly, with equities heaping up gains steadily Monday through Wednesday.

The prices were partly helped by investors’ and traders’ strategic positioning ahead of companies quarterly and half-year financial reports, widely seen as a barometer for determining whether share prices will head north or south upon release.

A modest drop of 0.08 per cent at the Thursday session gave the false hope that the week might return a positive yield with just a day to go. But the Friday’s slide was so tempestuous that that single-day gain obliterated all the accumulated gains, solely deciding the week’s fate.

That reversal was led by activities of bargain hunters, a class of traders who often watch stocks to appreciate for a while and then suddenly move in to sell and lock in gains, often disrupting the balance of share movement.

In the week ahead, investors with smart money, particularly asset managers and institutional investors, will be looking to step up the positioning game for half-year dividends and possibly bonus as earnings releases draw near.

All the key market performance indicators fell. Market breadth closed on a positive note as 44 gainers were reported against 22 losers.

The benchmark index and market capitalisation climbed by 1.47 and 1.49 per cent in that order.

Trade volume of 1.348 billion shares estimated at N12.140 billion was recorded in 21,581 deals, relative to the 1.021 billion shares worth N14.145 billion that were traded in 17,565 deals last week.

The financial services industry drove activity the most, with 892.212 million shares valued at N7.065 billion and traded in 11,592 deals. It added 66.20 per cent and 58.20 per cent to the total equity volume and value respectively.

The ICT sector came next, trading 110.067 million shares estimated at N776.402 million in 744 deals. The conglomerates sector was third, trading 100.008 million shares priced at N216.504 million in 788 deals.

All indices improved save for the NGX All-Share, NGX Lotus II, NGX Consumer Goods and NGX Main Board indices which declined 0.57 per cent, 0.23 per cent, 0.32 per cent and 2.22 per cent respectively. The NGX ASeM and NGX Growth Indices saw no movement.

1X Bet AD

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

CITIZEN-FM AD


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 place an advert here . Call Willie - +2348098788999


JOIN THE CONVERSATION

  • Disqus (0)
premiumtimes





PT Mag Campaign AD

Previous Post

Wimbledon 2021: Barty confirms No.1 status with win over Pliskova

Next Post

Souvenirs: TB Joshua’s burial brings business opportunities to Ikotun residents

Ronald Adamolekun

Ronald Adamolekun

More News

Nnamdi Kanu

Court rejects Nnamdi Kanu’s bail application

May 18, 2022
Honorable Minister of Information and Culture , Alh. Lai Mohammed addresses Pressmen [PHOTO: @FMICNigeria]

Nigerian govt accuses Facebook of refusing to act against IPOB

May 18, 2022
Rainfall

Lagos, Abuja, Kano, others to experience heavy rainfall in next three days – NiMet

May 18, 2022
File Photo of Rainfall

Lagos, Abuja, Kano, others to experience heavy rainfall in next three days – NiMet

May 18, 2022
A petrol pump nozzle

Petrol price reduces in April, diesel’s increases – NBS

May 18, 2022
Mr Mustapha said he would bring “new ideas” as governor of Lagos State. (PHOTO CREDIT: Official Facebook Page)

Why I’m running for governor – APC guber aspirant

May 18, 2022
Next Post
Lying-in-state ceremony of T.B Joshua in Lagos

Souvenirs: TB Joshua’s burial brings business opportunities to Ikotun residents

Umar Ado herder from Makoda LGA Kano State lament cattle routes blockage.

Herders lament, farmers excited as Nigerian government completes irrigation project

Leave Comment

Search

AUN-PT Ad





Transport-Technology


Stanbic Ad


Access Bank Ad





Glo Ad


Subscribe to News via Email

Enter your email address and receive notifications of news by email.

Join 1,840,223 other subscribers.

Advertisement






netherland biz school Advert



Zenith 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 in Nigeria
  • 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
  • #PandoraPapers
  • Gender
  • 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
    • COVID-19
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Investigations
    • Investigations
    • Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • #EndSARS Dashboard
  • Projects
    • Panama Papers
    • Paradise Papers
    • Parliament Watch
    • AGAHRIN
  • AUN-PT Data Hub
  • Opinion
  • The Membership Club
  • Dubawa
  • 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.