Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,182,931 members, 7,919,021 topics. Date: Monday, 12 August 2024 at 07:47 PM |
Nairaland Forum / Nairaland / General / Business / Nigerian Stocks Dip By 0.90% (2685 Views)
Nigerian Stocks Hit Highest Level Ever / Oil Prices Dip By 2.5% Amid U.S. Inventory Data Concerns / Profit Taking Takes Toll On Exchange As Indices Dip By N49 Billion (2) (3) (4)
Nigerian Stocks Dip By 0.90% by alphonsojaybaz: 6:07am On Aug 29, 2017 |
NIGERIAN STOCKS DIP BY 0.90% source : http://www.eyesoflagos.com/2017/08/nigerian-stocks-dip-by-090.html The Nigerian stock market closed yesterday to open for the new week on a negative note with a decline of 0.90 per cent. According to Eyes Of Lagos reports, In summary, the All Share Index (ASI) shed 329.15 absolute points, representing a loss of 0.90 per cent to close at 36,317.31 points. Similarly, the market capitalisation dropped by N113 billion, to close at N12.518 trillion. The downturn was impacted by losses recorded in medium and large capitalised stocks, amongst which are; Mobil, Guiness, Guaranty Trust Bank, Flourmills, Nigerian Breweries, Access Bank, Zenith Bank, UBA, Dangote Cement and FBN Holdings. Analysts at Afrinvest noted that, “Given the extended sell pressure on the Bourse over the past two weeks, we expect to see some bargain hunting by investors in early trades of this week. “We maintain our positive medium term view for equities, on the back of positive forward earnings and increase in valuation multiples.” Market breadth was negative, with nine gainers versus 30 losers. Total recorded the highest price gain of 9.09 per cent, to close at N236.50. Airline Services followed with a gain of 4.99 per cent, to close at N5.68, while Cutix appreciated by 4.98 per cent to close at N2.11 per share. Vitafoam appreciated by 4.49 per cent to close at N2.79, while Continental Reinsurance went up by 3.88 per cent to close at N1.34 per share. On the other hand, Mobil and Transnational Express led the losers’ chart by five per cent, each to close at N182.93 and seven six kobo, respectively, while Conoil followed with a decline of 4.71 per cent, to close at N27.70 per share. Champion Breweries depreciated by 4.49 per cent to close at N2.34 and Livestock declined by 4.26 per cent to close at 90 kobo per share. Also, the total volume traded decreased by 17.6 per cent to 348.11 million shares, worth N2.98 billion, and traded in 3,276 deals. Transactions in the shares of Costodian and Allied Insurance topped the activity chart with 190.56 million shares valued at N647.9 million. Oando followed with 27.37 million shares worth N185.37 million, while Access Bank traded 14.95 million shares valued at N151.53 million. Fidelity Bank traded 14.44 million shares valued at N19.51 million, while Sterling Bank sold 11.41 million shares worth N11.63 million.
|
Re: Nigerian Stocks Dip By 0.90% by kings09(m): 7:28am On Aug 29, 2017 |
And so |
Re: Nigerian Stocks Dip By 0.90% by dotunbekro06(m): 7:28am On Aug 29, 2017 |
Wait, lemme bring my calculator |
Re: Nigerian Stocks Dip By 0.90% by dreamangel: 7:29am On Aug 29, 2017 |
What are we expecting? |
Re: Nigerian Stocks Dip By 0.90% by braxjay(m): 7:29am On Aug 29, 2017 |
not too bad |
Re: Nigerian Stocks Dip By 0.90% by Franco93: 7:29am On Aug 29, 2017 |
Where are all those shouting Buhari to resume, you have seen what you have caused. Buhari has negetive frequencies, failure follows him anywhere he goes. https://www.youtube.com/watch?v=PXAIj6FViFg 4 Likes |
Re: Nigerian Stocks Dip By 0.90% by onyeawka80(m): 7:29am On Aug 29, 2017 |
Na wa o! |
Re: Nigerian Stocks Dip By 0.90% by iluvpomo(m): 7:29am On Aug 29, 2017 |
Don't worry Mr. Buhari will come soon raise it up by 5%. Right now his is busy chasing one big stubborn rat. CC @GenBuhari |
Re: Nigerian Stocks Dip By 0.90% by fait10(m): 7:29am On Aug 29, 2017 |
See billions everywhere |
Re: Nigerian Stocks Dip By 0.90% by uekejiuba(m): 7:30am On Aug 29, 2017 |
We are coming up gradually |
Re: Nigerian Stocks Dip By 0.90% by enimooko: 7:30am On Aug 29, 2017 |
Why two on the front page |
Re: Nigerian Stocks Dip By 0.90% by vcente(m): 7:30am On Aug 29, 2017 |
buhari is back, so investors have started playing the waiting game. Everyone is now waiting for the stocks to lose value. 2 Likes |
Re: Nigerian Stocks Dip By 0.90% by Integrityfarms(m): 7:30am On Aug 29, 2017 |
Buhari is back.... Body Language in its peak, hallmarked with falling economic indices. |
Re: Nigerian Stocks Dip By 0.90% by Generalyemi(m): 7:31am On Aug 29, 2017 |
the nigger is back |
Re: Nigerian Stocks Dip By 0.90% by SWORD419(m): 7:31am On Aug 29, 2017 |
me no dey understand ooo |
Re: Nigerian Stocks Dip By 0.90% by Nobody: 7:31am On Aug 29, 2017 |
when the stock market lacks depth and breath, inactivity in the bond markets, low confidence in the market, few market makers, and the essence of trading is characterised by buy-hold syndrome,the stock prices will never do well 1 Like |
Re: Nigerian Stocks Dip By 0.90% by Naziridamos: 7:31am On Aug 29, 2017 |
Buhari is cursed |
Re: Nigerian Stocks Dip By 0.90% by fran6co(m): 7:32am On Aug 29, 2017 |
were ar our ECONOMIC team |
Re: Nigerian Stocks Dip By 0.90% by mostyg(m): 7:33am On Aug 29, 2017 |
Double Posts |
Re: Nigerian Stocks Dip By 0.90% by Ekwekwe1(m): 7:34am On Aug 29, 2017 |
welcome home Buhari. on my way from the market last week tuesday when i met with two women discussing. they were like : first woman: i heard Buhari is back. second woman: yes o my sister, that's what i heard; infact am going to the market to know how much garri will sell this week. |
Re: Nigerian Stocks Dip By 0.90% by Franco93: 7:35am On Aug 29, 2017 |
j |
Re: Nigerian Stocks Dip By 0.90% by lathrowinger: 7:35am On Aug 29, 2017 |
Either stock or stuck. My own is that when are going to be collecting our salaries wey presido promise us. Buhari always keep his words and he happen to be the best president so far. If u don't agree with me, then come and beat me. I dey my house 1 Like 1 Share |
Re: Nigerian Stocks Dip By 0.90% by UncleSnr(m): 7:43am On Aug 29, 2017 |
Re: Nigerian Stocks Dip By 0.90% by ANBAKO: 7:45am On Aug 29, 2017 |
What thrives in Nigerian stock exchange is inside trading. |
Re: Nigerian Stocks Dip By 0.90% by kellyjoesteve: 9:10am On Aug 29, 2017 |
Franco93:Am sorry to say this but i totally agree with you on this one. For your Businesss idea, and management, job-tips, available loans and important of insurance check my signature. |
(1) (Reply)
What 2m Can Do To Fetch Good Returns On Weekly Basis / 1 Million Naira To Invest / How To Make Money From Farming?
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 21 |