Nigerian stocks close flat, set for second consecutive weekly loss
Oil and Gas giant Seplat Energy set the bourse on a downward trajectory after traders sold their holdings.
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Oil and Gas giant Seplat Energy set the bourse on a downward trajectory after traders sold their holdings.
The all-share index dipped two basis points to 47,064.82
NGX Group, GTCO and Custodian Investment aided the pullback.
The size of trade shrank by as much as 33 per cent.
The index has seen a 10.4 per cent gain January to date.
Sell-offs in the shares of MTN Nigeria, GTCO and Access Bank sparked off the retreat just as trade volume declined ...
The all-share index tapered by 49.88 basis points to 47,279.92, and market capitalisation to N25.5 trillion.
Oil company Oando led the comeback.
The all-share index jumped 486.54 basis points to 47,111.21.
NGX Group led the advance, drawing support from GTCO and oil palm processor Presco.
FBN Holdings and some other bank equities led the recovery.
The index has yielded 7.71 per cent year to date.
Airtel continued to draw interest from investors, garnering 10 per cent gain.
Year to date, the index is up 7.55 per cent.
Nigerian Breweries and FBN Holdings led the retreat, with UBA, UCAP and GTCO strengthening loss.
Oil drilling giant Seplat drove Friday’s climb, with support from Nigerian Breweries, Vitafoam, Transcorp and Courteville.
Year to date, the index has yielded 6.35 per cent.
Investors’ stronger risk appetite means trade volume scaled up by 10 per cent.
The all-share index fell 0.12 per cent.
Caverton Support Group is also on the list.
Nigerian stocks slide after sell pressure on Dangote Cement, GTCO
Since the turn of the year, the index has advanced by 2.7 per cent.
The all-share index rose 0.57 per cent.
The food company marked its arrival with a 10 per cent jump in share price to N44 after listing 18 ...
BUA Cement and lenders Zenith Bank and Stanbic IBTC Bank helped pushed total gains on Tuesday.
