NewsNigeria stock dropped under Tinubu

Nigeria stock dropped under Tinubu

-

Nigeria stock dropped under Tinubu

According to an article published by People
Gazette The market capitalisation dropped by N162 billion or 0.53 per cent to close at N30.238 trillion as against the N30.4 trillion recorded on Tuesday.
The equity market on the Nigerian Exchange Ltd. (NGX) ended its five-day gaining streak as performance indices shed 0.53 per cent due to sell-offs in medium and large-capitalised stocks.

The market capitalisation dropped by N162 billion or 0.53 per cent, to close at N30.238 trillion as against the N30.4 trillion recorded on Tuesday.
Also, the All-Share Index (ASI) declined by 297.65 points to close at 55,508.61 compared with 55,806.26 posted in the previous session.
The downturn was due to selloffs in, mainly in telco heavyweight, Airtel Africa and others. As a result, the year-to-date return fell to 8.31 per cent.
“Positive sentiments remain in the market, as seen in the number of gainers versus losers. We expect to see profit taking in some selected stocks that have rallied in recent sessions, while market breadth remain in the green; said analysts at Vetiva Securities Ltd.

Also, market breadth closed positive with 24 stocks on the gainer’s table, while 10 on the losers! Veritas Kapital Assurance led the gainers’ chart in percentage terms by 10 per cent to close at 22k, per share. Ardova followed with 9.76 per cent to close at N18.55, while Wema Bank grew by 8.75 per cent to close at N4.35, per share.

The Iniative rose 8.33 per cent to close at 52k, while Geregu Powers appreciated by 8.20 per cent to close at N298.10, per share. On the other hand, John Holt led the losers’ chart in percentage terms by 6.66 per cent to close at N1.59, per share.
Ecobank Transnational Incorporated (ETI) followed with 7.69 per cent to close at N12, while Airtel Africa dropped by 5.25 to close at N1,535, per share.

Source: People Gazette

Miss

Adaku Quingisthttp://www.quingist.com.ng
My name is Duru Eunice Adaku CEO Quingist Empire I am the most real chick on social media... I'm here to promote artists from Imo State. I am a Blogger, a Content Creator, a Music & Brand Promoter, and a core businesswoman. I post to inform, update, educate and entertain you. Don't forget #Quingist is a Brand, let's grow it together... The future is bright...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest news

US Vice President Kamala Harris’ address as she touches down in #Accra, #Ghana

US Vice President Kamala Harris’ address as she touches down in #Accra, #Ghana US Vice President Kamala Harris’ address as...

ChineduAmadi: The Man Who Wants To Make Imo Best State With 4-Point Agenda

ChineduAmadi: The Man Who Wants To Make Imo Best State With 4-Point Agenda Chinedu Amadi has said that his major...

#Imo2023: Hon. Chinaedu Amadi joins Imo guber race

#Imo2023: Hon. Chinaedu Amadi joins Imo guber race An Mbaitoli born businessman, entrepreneur and philanthropist, Hon. Chinedu Amadi has thrown...

#Imo2023: Samuel aka Charming Prince joins Imo Gubernatorial race

#Imo2023: Samuel aka Charming Prince joins Imo Gubernatorial race A businessman and philanthropist, Samuel Anyakamnele otherwise known as Charming Prince...

#Crime: Nigerian Sentenced To Life Imprisonment For Murder Of Shaun-Douglas Chabalala

#Crime: Nigerian Sentenced To Life Imprisonment For Murder Of Shaun-Douglas Chabalala The Pretoria Magistrate's Court on Monday, March 13, 2023,...

#IsialaMbanoDecide: Chikwem Onuoha Vs Prof Sylvia Agu

#IsialaMbanoDecide: Chikwem Onuoha Vs Prof Sylvia Agu A cursory look at the just concluded Presidential and National Assembly Election has...

Must read

You might also likeRELATED
Recommended to you

%d bloggers like this: