Similarly, the overall market capitalisation value lost N418 billion to close at N27.850 trillion from N28.267 trillion.
The market’s negative performance was driven by price depreciation in large and medium capitalised stocks which are; MTN Nigeria Communications , Transcorp Hotels, Africa Prudential, FBN Holdings and Wema Bank.
“We anticipate the broad-based return of investors’ risk-on sentiments, which is to be catalysed by declining yields in the fixed-income market. Nigerian Exchange Group rose by 8.16 per cent to close at N26.50, while Jaiz Bank gained 5.68 per cent to close at 98k, per share. The total volume traded fell by 58.19 per cent to 226.59 million units, valued at N1.57 billion, and exchanged in 4,37 deals.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nigerian Newspapers: 10 things you need to know this Monday morningGood morning! Here is today’s summary from Nigerian Newspapers: 1. The Independent National Electoral Commissioner (INEC) has tasked security agencies to
Read more »
Stock Market Sheds N418bn Amid Sustained Sell PressureThe domestic equities market yesterday, started the week in negative territory with N418 billion loss, spearheaded by losses in heavyweight stocks.
Read more »
Bearish Performance To Linger On Stock Market This WeekCapital market analysts have stated that bearish performance is expected to linger on the equities market on account of sustained weak investor sentiment.
Read more »
Ecobank, Dangote Sugar, Flour Mills top stocks to watch this weekThis is not a buy, sell or hold recommendation but a stock investment guide.
Read more »
INEC bars Adamawa REC from officeThis was disclosed in a statement by the Secretary to INEC, Rose Oriaran-Anthony on Monday.
Read more »
I won’t ever forget Ganduje’s wrongdoings — Ex-commissionerAs his two-term tenure in office winds down, Kano State Governor, Dr Abdullahi Ganduje, says he has forgiven those who wronged him and calls on those he has also wronged to similarly forgive him.
Read more »