NSE: Nigerian stocks fall on rate adjustment fears
The fear is heightened by the latest FGN Bonds that opened on juicier rates for long-tenored bonds.
The fear is heightened by the latest FGN Bonds that opened on juicier rates for long-tenored bonds.
The market capitalisation which opened at N11.945 trillion lost N152 billion or 1.27 per cent to close at N11.794 trillion.
The All-Share Index, which opened at 25,816.57, inched 438.54 points or 1.70 per cent to close at 26,255.11.
Ambrose Omordion, the Chief Operating Officer, InvestData Ltd, attributed the growth to activities of investors who anticipate higher dividend yields.
The market capitalisation which opened at N12.940 trillion shed N24 billion to close at N12.916 trillion.
The market capitalisation which opened at N13.109 trillion rose by N96 billion or 0.73 per cent to close at N13.205 ...
The company, which opened for the month at N6 appreciated by 81.66 per cent to close at N10.90.
Forte Oil recorded the highest loss to lead the laggards’ table, dropping by N2.10 to close at N23.10 per share.
Total topped the losers’ chart, dropping by N8.70 to close at N193.30 per share
Forte oil was the worst performing stock for two consecutive years.
Dangote Sugar was the second best performing stock in July.
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