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Nairaland Forum / Nairaland / General / Investment / Election Outcome: NSE Capitalisation Depletes Further By N196bn - The Cable (7532 Views)
Nigeria: Investors lose N17b in 4 days,as NSE set to accelerate Islamic finance / MTN Nigeria Gains N184b On First Day Of Trading On The NSE / How Can The NSE Help In Hegding The Effect Of Election On The Capital Market. (2) (3) (4)
Election Outcome: NSE Capitalisation Depletes Further By N196bn - The Cable by fergie001: 11:28pm On Feb 28, 2019 |
Trading on the Nigerian Stock Exchange (NSE) continued to react negatively to the outcome of the presidential election with the market capitalisation losing N196 billion to close below N12 trillion mark. NAN reports that the market capitalisation for last trading day in February shed N196 billion despite the N16 dividend declared by Dangote Cement. Specifically, the market capitalisation shed N196 billion or 1.63 per cent to close at N11.828 trillion compared with N12.024 trillion achieved on Wednesday. In the same vein, the All Share Index lost 525.54 points to close at 31,728.70 when compared with 32,244.24 recorded on Wednesday. Ambrose Omordion, a market analyst, attributed the development to investors disappointment over the outcome of the elections. Omordion told NAN that smart investors that took a position earlier in the market ahead of the presidential election and earnings seasons were disappointed. He said that apart from the outcome of the elections, everything was against the stock market ranging from delayed budget, expiration of the tenure of Central Bank of Nigeria (CBN) governor by June. “The only factor for the stock market now is this earnings season, because nothing will happen between now and May 29,” Omordion said. Omordion said that the trend might likely continue unless there was a change in economic policies and reforms by the president. He, however, called on investors to target pension funds stocks that were consistent in dividend payment in the last four years. NAN reports that some blue chips dominated the losers’ table and this was led by Nestle having lost N30 to close at N1,470 per share. Nigerian Breweries trailed with a loss of N3.70 to close at N79.50, while Guaranty Trust Bank declined by N2.60 to close at N35.35 per share. Stanbic IBTC depreciated by N2.05 to close at N46.25, while Dangote Flour Nigeria was down by N1.05 to close at N10.90 per share. On the other hand, Dangote Cement having declared N16 dividend for 2018 financial year led the gainers’ table with N3.80 to close at N195.30 per share. GlaxoSmithKline followed with a gain of 35k to close at N12, while UAC Property gained 9k to close at N1.91 per share. Union Bank of Nigeria added 5k to close at N7, while Live Stock also increased by 5k to close at 60k per share. https://www.thecable.ng/election-outcome-nse-market-capitalisation-decreases-further-by-n196bn/amp 2 Likes |
Re: Election Outcome: NSE Capitalisation Depletes Further By N196bn - The Cable by fergie001: 12:39am On Mar 01, 2019 |
I am begging this people to bring back their money to prevent things from getting more nastier? Lalasticlala, what do you think? 3 Likes |
Re: Election Outcome: NSE Capitalisation Depletes Further By N196bn - The Cable by henritinecy(m): 10:20am On Mar 01, 2019 |
Happy New Month My People. May God’s grace continually lead us to achieve all we desire. Amen �� 6 Likes |
Re: Election Outcome: NSE Capitalisation Depletes Further By N196bn - The Cable by justmenoni: 10:20am On Mar 01, 2019 |
Re: Election Outcome: NSE Capitalisation Depletes Further By N196bn - The Cable by Pulsenaija: 10:20am On Mar 01, 2019 |
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Re: Election Outcome: NSE Capitalisation Depletes Further By N196bn - The Cable by seyigiggle: 10:20am On Mar 01, 2019 |
ok oo. hope investor;s confidence would be restored soon? who wants to invest in uncertainty and unfavorable condition? According to Zomb.ies, the investors are PDP corrupt agent 34 Likes |
Re: Election Outcome: NSE Capitalisation Depletes Further By N196bn - The Cable by Nobody: 10:22am On Mar 01, 2019 |
Next level to abyss and next level of blame game . Atiku is the cause for using all the dollars in the market for campaign and now no dollars again. 21 Likes 1 Share |
Re: Election Outcome: NSE Capitalisation Depletes Further By N196bn - The Cable by dhardline(m): 10:22am On Mar 01, 2019 |
Next level noni 6 Likes |
Re: Election Outcome: NSE Capitalisation Depletes Further By N196bn - The Cable by baliyubla: 10:23am On Mar 01, 2019 |
And the Chimpanzeeee Oshio-ole was shouting “they should go” yesterday. well, them don the go one by one. No be next level? We die here. 200 freaking billion naira in one week. 27 Likes |
Re: Election Outcome: NSE Capitalisation Depletes Further By N196bn - The Cable by pharoah7(m): 10:23am On Mar 01, 2019 |
We don't need this right now.. Can't we all be reasonable and make Nigeria a better place 1 Like |
Re: Election Outcome: NSE Capitalisation Depletes Further By N196bn - The Cable by Inception(m): 10:24am On Mar 01, 2019 |
the Naira is going down. PWC was right 14 Likes |
Re: Election Outcome: NSE Capitalisation Depletes Further By N196bn - The Cable by emsheddy(m): 10:24am On Mar 01, 2019 |
So e wan start so early. Anyway, we are Nigerians. We survive anything 5 Likes |
Re: Election Outcome: NSE Capitalisation Depletes Further By N196bn - The Cable by Inception(m): 10:25am On Mar 01, 2019 |
Giovanni2332: I get the Joke 10 Likes |
Re: Election Outcome: NSE Capitalisation Depletes Further By N196bn - The Cable by Frankyboy1(m): 10:25am On Mar 01, 2019 |
We all die here or live here together 1 Like |
Re: Election Outcome: NSE Capitalisation Depletes Further By N196bn - The Cable by lightuplightup: 10:26am On Mar 01, 2019 |
1 Like 1 Share |
Re: Election Outcome: NSE Capitalisation Depletes Further By N196bn - The Cable by natureboy2(m): 10:26am On Mar 01, 2019 |
Re: Election Outcome: NSE Capitalisation Depletes Further By N196bn - The Cable by Inception(m): 10:26am On Mar 01, 2019 |
pharoah7: Unfortunately, this means nothing to the aboki's in Kano. 15 Likes |
Re: Election Outcome: NSE Capitalisation Depletes Further By N196bn - The Cable by Nobody: 10:27am On Mar 01, 2019 |
Body odour of old sheriff in town. 14 Likes 1 Share |
Re: Election Outcome: NSE Capitalisation Depletes Further By N196bn - The Cable by Nobody: 10:29am On Mar 01, 2019 |
fergie001: The illiterates that voted Buhary don't buy shares. God will make his children immune to nonsense. 20 Likes |
Re: Election Outcome: NSE Capitalisation Depletes Further By N196bn - The Cable by vick4eva: 10:30am On Mar 01, 2019 |
Next Level don start already 7 Likes |
Re: Election Outcome: NSE Capitalisation Depletes Further By N196bn - The Cable by TheEminentLaity: 10:32am On Mar 01, 2019 |
Yes, Yes! The thieves are running away with their loot. Soon there would be no more thieves in Nigeria, only honest nigerians. Sai Baba! Next Level 4 Likes 2 Shares |
Re: Election Outcome: NSE Capitalisation Depletes Further By N196bn - The Cable by Kundagarten: 10:34am On Mar 01, 2019 |
Great Sai Baba to next level hunger. We die here. 3 Likes |
Re: Election Outcome: NSE Capitalisation Depletes Further By N196bn - The Cable by royallord1(m): 10:34am On Mar 01, 2019 |
Sadly.... This is a clear indication that the pmb led government is rejected by true players and stakeholders in the economic-sphere of our nation... 16 Likes |
Re: Election Outcome: NSE Capitalisation Depletes Further By N196bn - The Cable by emonkey(m): 10:35am On Mar 01, 2019 |
TheEminentLaity: For say you near me I for sound you ehn! I know na play sha. 7 Likes |
Re: Election Outcome: NSE Capitalisation Depletes Further By N196bn - The Cable by Okwyjesus(m): 10:35am On Mar 01, 2019 |
pharoah7:Forget Nigeria. The way things go l don't dream of a better Nigeria. Am working hard to train my kid and send them out of these country. Am not a prophet of doom but l see reality on ground. 12 Likes |
Re: Election Outcome: NSE Capitalisation Depletes Further By N196bn - The Cable by fergie001: 10:36am On Mar 01, 2019 |
Naughtysite:I pray God to help us otherwise na "market" we buy soooo.. 1 Like |
Re: Election Outcome: NSE Capitalisation Depletes Further By N196bn - The Cable by nwanyionitsha: 10:37am On Mar 01, 2019 |
Naughtysite:That is the prayer. 1 Like |
Re: Election Outcome: NSE Capitalisation Depletes Further By N196bn - The Cable by steemlord: 10:52am On Mar 01, 2019 |
the face of high net-worth/foreign investors when buhari/APC was announced as winner of the presidential polls..... i will invest my 10kobo when the market CAP DROPS BELOW N5 trillion mark. by that time the top bank stocks would be selling at 2-5naira range. Next level pls 5 Likes
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Re: Election Outcome: NSE Capitalisation Depletes Further By N196bn - The Cable by Nobody: 10:52am On Mar 01, 2019 |
Next level. |
Re: Election Outcome: NSE Capitalisation Depletes Further By N196bn - The Cable by Nobody: 10:53am On Mar 01, 2019 |
3 |
Re: Election Outcome: NSE Capitalisation Depletes Further By N196bn - The Cable by Nobody: 10:54am On Mar 01, 2019 |
You are more valuable than many sparrows -JESUS. TheEminentLaity: 10 Likes 1 Share |
Re: Election Outcome: NSE Capitalisation Depletes Further By N196bn - The Cable by Jaqenhghar: 11:00am On Mar 01, 2019 |
TheEminentLaity:Is there anything like an honest Nigerian ? 6 Likes |
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