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Nairaland Forum / Nairaland / General / Business / Market Indices Plunge Further By N155billion (2994 Views)
140-yr-old PZ Cussons Considers Leaving Africa Over Nigeria’s Sales Plunge / Mark Zuckerberg Loses 17. 6bn Plunge To World's Sixth Richest / Oil Prices Plunge On Surprise Rise In US Oil Inventories (2) (3) (4)
Market Indices Plunge Further By N155billion by chidima2019: 6:21am On Sep 11, 2018 |
The reign of the bears persisted yesterday, following sell pressure by investors on the Nigerian Stock Exchange (NSE), as market capitalisation plunged further by N155 billion. Yesterday, the all-share index (ASI) shed 426.22 absolute points, representing a decline of 1.25 per cent to close at 33,611.69 points. Also, market capitalisation lost N155 billion to close at N12.271 trillion.The downturn was impacted by losses recorded in medium and large capitalised stocks, amongst which are; Nestle Nigeria, Forte Oil, Global Spectrum Energy Services, Guaranty Trust Bank, and Nigerian Breweries. Reacting to the market performance, analysts at Afrinvest Limited said: “market performance reflects investors’ bearish outlook on the market, as political risks remain heightened in addition to the continued absence of positive drivers. “We, however, expect some bargain hunting to drive performance in the near term based on the availability of attractive stocks in the market.” Market breadth closed negative, with 11 gainers versus 21 losers. Sunu Assurance recorded the highest price gain of 10 per cent to close at 22 kobo per share. Union Diagnostic & Clinical Services followed with a gain of 7.41 per cent to close at 29 kobo, while Honeywell Flour Mills appreciated 5.56 per cent to close at N1.52 per share. University Press gained 4.17 per cent to close at N2, while Mutual Benefit Insurance gained 3.70 per cent to close at 28 kobo per share.On the other hand, Nestle Nigeria led the losers’ chart with 9.67 per cent to close at N1,355 per share. Global Spectrum Energy Services shed 9.45 per cent to close at N5.75, while Forte Oil fell 9.29 per cent to close at N19.05 per share. Regency Alliance Insurance lost 8.70 per cent to close at 21 kobo, and Japaul Oil also shed 7.69 per cent to close at 24 kobo per share. The total volume traded depreciated by 11.75 per cent to 137.63 million shares worth N1.36 billion, traded in 3,104 deals. Transactions in the shares of Diamond Bank topped the activity chart with 30.07 million shares valued at N40.4 million. United Bank for Africa (UBA) followed with 16.66 million shares worth N130.87 million, while Guaranty Trust Bank traded 11.25 million shares valued at N390.94 million.Fidelity Bank traded 10.11 million shares at N17.19 million, while FBN Holdings transacted 6.64 million shares worth N59.76 million. http://www.akelicious.net/2018/09/market-indices-plunge-further-by.html
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Re: Market Indices Plunge Further By N155billion by CROWNWEALTH019(m): 6:30am On Sep 11, 2018 |
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Re: Market Indices Plunge Further By N155billion by Firefire(m): 7:23am On Sep 11, 2018 |
Market capitalisation plunged further by N155 billion, the foreigh reserves also nosediving in an alarming rate. This is nothing but the effect of cluessness of the economy managers who play myopic politics within everything. Kai Barber! 12 Likes |
Re: Market Indices Plunge Further By N155billion by Sharpshooota: 7:25am On Sep 11, 2018 |
Buhari is a curse to this country He must come out and debate with his fellow presidential hopefuls.... 6 Likes |
Re: Market Indices Plunge Further By N155billion by sanandreas(m): 7:25am On Sep 11, 2018 |
Nothing seems to be working in this administration. 6 Likes |
Re: Market Indices Plunge Further By N155billion by RevenGeMission: 7:26am On Sep 11, 2018 |
This is the type of news some idiots will come and jubilate, insult buhari and cum everywhere on the thread Quite understandable , anyone who knows anything about investments would know investors can not continue pumping money into the economy with an upcoming election, need to cut risks If he spoil finish , na all of us go suffer am 5 Likes |
Re: Market Indices Plunge Further By N155billion by Sharpshooota: 7:26am On Sep 11, 2018 |
Firefire: Buhari must debate We won't allow his vice to stand for him... Osibanjo is not the president.... 4 Likes |
Re: Market Indices Plunge Further By N155billion by mikaj(m): 7:27am On Sep 11, 2018 |
Could someone kindly volunteer to explain how this stock market thing works. The bearers ![]() 1 Like |
Re: Market Indices Plunge Further By N155billion by Firefire(m): 7:27am On Sep 11, 2018 |
[s] RevenGeMission:[/s] Bros try and make sense, at least once in a while. 13 Likes 1 Share |
Re: Market Indices Plunge Further By N155billion by Firefire(m): 7:28am On Sep 11, 2018 |
Sharpshooota: The economic terrorist has nothing to offer except to demarket Nigeria and demonised her good people by labelling everyone kworupt. 7 Likes
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Re: Market Indices Plunge Further By N155billion by Sharpshooota: 7:28am On Sep 11, 2018 |
RevenGeMission: As a Yoruba Muslim .. You must be happy with the news... That's why you support the dullard.. To continue running down the country 3 Likes |
Re: Market Indices Plunge Further By N155billion by chris20000: 7:29am On Sep 11, 2018 |
Na today?I think we are use to bad news. |
Re: Market Indices Plunge Further By N155billion by chronique(m): 7:29am On Sep 11, 2018 |
Hmmm. Ladies and gentlemen, it's time to blame Jonathan again. On your marks, get set, go! 2 Likes |
Re: Market Indices Plunge Further By N155billion by petbam: 7:29am On Sep 11, 2018 |
And zombies Will continue to say sai baba. Nigeria economy is manage by incompetent hands. 1 Like |
Re: Market Indices Plunge Further By N155billion by frankwyte: 7:29am On Sep 11, 2018 |
A whole lot is happening and will be worst if PMB win this election. It will signal the end of living in this country. The few businesses that around is hinging on the hope that he loses and the uncertainty is very profound around. Confidence can only be restored once he losses 4 Likes |
Re: Market Indices Plunge Further By N155billion by Firefire(m): 7:30am On Sep 11, 2018 |
sanandreas: Absolutely nothing, except PROPAGANDA & BOGUS claims. 3 Likes |
Re: Market Indices Plunge Further By N155billion by feldido(m): 7:31am On Sep 11, 2018 |
This is just the beginning, as soon as Buhari becomes APC sole candidate, expect more dumping. No positive Vibes to stair the market. The market is Bearish till after election 3 Likes |
Re: Market Indices Plunge Further By N155billion by thunderrider: 7:33am On Sep 11, 2018 |
One chance government |
Re: Market Indices Plunge Further By N155billion by Firefire(m): 7:33am On Sep 11, 2018 |
frankwyte: 1 Like |
Re: Market Indices Plunge Further By N155billion by israelmao(m): 7:33am On Sep 11, 2018 |
Political uncertainty is one of the contributory factors. 1 Like |
Re: Market Indices Plunge Further By N155billion by Firefire(m): 7:34am On Sep 11, 2018 |
frankwyte: The table below as sample that Nigeria is in crisis and will experience more if these sets of thieves are allowed to continue. 4 Likes
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Re: Market Indices Plunge Further By N155billion by RevenGeMission: 7:34am On Sep 11, 2018 |
Have you forgotten you are the one that said you don't need sense before you post ?? i still have your screenshot ![]() ![]() ![]() ![]() Firefire: 1 Like |
Re: Market Indices Plunge Further By N155billion by maxiuc(m): 7:37am On Sep 11, 2018 |
When 95% of buhari handlers and supporters are clueless Stark illiterates 3 Likes |
Re: Market Indices Plunge Further By N155billion by AlphaStyles(m): 7:40am On Sep 11, 2018 |
chai this is bad oo i wonder if even the bulls will happen even for a day |
Re: Market Indices Plunge Further By N155billion by Bullhari007(m): 7:47am On Sep 11, 2018 |
and the lifeless one kai Barbar still forming the Redeemer, as it was in 1985 it will be in 2018... my people don't allow them to scam you 3 Likes
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Re: Market Indices Plunge Further By N155billion by Nobody: 7:54am On Sep 11, 2018 |
FiDIFi is responsible- BMCs 1 Like |
Re: Market Indices Plunge Further By N155billion by ifechukwu605: 8:00am On Sep 11, 2018 |
Nothing seems to be working in this administration.v 98 Likes |
Re: Market Indices Plunge Further By N155billion by rman: 8:26am On Sep 11, 2018 |
FG imposed billion dollar fines on one of the biggest investors in Nigeria without fair hearing on an issue FG could be wrong and we all wonder why investors lost confidence a week later in businesses here. When was the last time GTB stock fell? If MTN were to be quoted on our stock exchange, it will worse than 155 billion. FGs action in recent times to succesful businesses is responsible for this. If I am an investor, I will also take my money out. Our policies does not encourage investors. We only say it, our actions says otherwise. 1 Like |
Re: Market Indices Plunge Further By N155billion by klax(m): 8:26am On Sep 11, 2018 |
When I read things like this I just laugh because you can't employ primary six graduate to be a teacher in secondary school it wont work so plunging down is even better I'm waiting for it to crash to pieces. I think Buhari is working he is the only man to do it isn't ![]() This thing called Buhari took 6 good months to choose ministers and at the end he appointed imbecilles to runs his govt now see plunging, falling and failure everywhere Nigerians ain't seen anything yet. 4 Likes |
Re: Market Indices Plunge Further By N155billion by Nobody: 8:29am On Sep 11, 2018 |
the redundant ancestor is really working! by the time he's done, the only survivors will be emaciated cows and goats! 2 Likes |
Re: Market Indices Plunge Further By N155billion by slivertongue: 9:14am On Sep 11, 2018 |
d economy will die under GMB. d more dey borrow d more d economy stagnates 1 Like |
Re: Market Indices Plunge Further By N155billion by vedaxcool(m): 10:05am On Sep 11, 2018 |
RevenGeMission: ![]() You have said all, when the stock market ended up last year as one of the best performing, the same people when down playing the significance now it is bearish due to upcoming elections they are celebrating its declline. Funny firedtheif supported is a talking about Foreign reserves that his master Jogogoro left depleted. There is no reasoning with a pigheaded fool! |
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