• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Sunday, June 29, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Equites Opens Week With N750bn Dip

by Olushola Bello
10 months ago
in Business
Equites
Share on WhatsAppShare on FacebookShare on XTelegram

To open the week, the Nigerian equities market yesterday lost N750 billion following sell pressures on Dangote Cement Plc and 16 others.

Advertisement

The All-Share Index (ASI) shed 1,320.52 points, representing a decline of 1.36 per cent to close at 95,779.79 points, the lowest point since January 22, 2024. Also, market capitalisation dipped by N750 billion to close at N54.382 trillion.

The downturn was driven by price depreciation in large and medium capitalised stocks amongst which are; Dangote Cement, Beta Glass, Dangote Sugar Refinery, Nigerian Breweries and Africa Prudential.

Looking forward, United Capital Plc said “the equities market is expected to show mixed performance as investors adopt opportunistic investment strategies. We foresee selective buying of fundamentally strong stocks continuing into the week.

“Market activity is anticipated to rise due to ongoing banks’ recapitalization efforts and anticipated corporate actions in the near term.

RELATED

Federal Gov’t, IFAD Train 600 Farmers In Budgeting, Farming Techniques In Benue

We’re Making Abia Farmers Globally Visible – Agric Firm

7 hours ago
Marginal Field Awardees: NUPRC Restates Commitment To Transparency Culture

Oil Prices Plunge 6% As Middle East Ceasefire Eases Supply Fears

11 hours ago

Conversely, elevated interest rates in the fixed income market are likely to exert a negative pressure on the equities market as investors capitalise on higher fixed income yields. Overall, fund managers and investors are advised to maintain an opportunistic approach to capitalise on prevailing market opportunities.”

 

However, market breadth closed positive, as 31 stocks gained relative to 17 losers. Skyway Aviation Handling Company, Cutix and R. T. Briscoe Nigeria emerged the highest price gainer of 10 per cent each to close at N26.40, N2.64 and N1.87 respectively, per share. Oando followed with a gain of 9.90 per cent to close at N39.40, while FTN Cocoa Processors appreciated by 9.57 per cent to close at N2.06, per share.

 

On the other side, Dangote Cement led others on the losers’ chart with 10 per cent to close at N532.00, per share. Secure Electronic Technology followed with a decline of 9.76 per cent to close at 37 kobo, while Africa Prudential declined by 9.68 per cent to close at N8.40, per share.

 

Beta Glass lost 9.43 per cent to close at N48.00, while Caverton Offshore Support Group depreciated by 6.38 per cent to close at N1.32, per share.

 

The total volume traded increased by 916.19 per cent to 3.546 billion units, valued at N7.649 billion, and exchanged in 9,291deals. Transactions in the shares of Standard Alliance Insurance led the activity with 3.141 billion shares worth N31.408 million. Guaranty Trust Holding Company (GTCO) followed  with 59.255 million shares valued at N2.728 billion, while Wema Bank traded 25.351 million shares valued at N155.065 million.

 

Access Holdings traded 24.697 million shares worth N471.224 million, while United Bank for Africa (UBA) traded 23.360 million shares worth N529.571 million.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


Tags: Equites
SendShareTweetShare
Previous Post

Jigawa, Benue Residents Paid Above N800/Litre For Petrol

Next Post

Tariff Hike: NCC Mum As Telecom Operators Threaten Load Shedding

Olushola Bello

Olushola Bello

You May Like

Federal Gov’t, IFAD Train 600 Farmers In Budgeting, Farming Techniques In Benue
Agriculture

We’re Making Abia Farmers Globally Visible – Agric Firm

2025/06/29
Marginal Field Awardees: NUPRC Restates Commitment To Transparency Culture
Business

Oil Prices Plunge 6% As Middle East Ceasefire Eases Supply Fears

2025/06/29
New Afreximbank President To Restructure African Trade
Business

New Afreximbank President To Restructure African Trade

2025/06/29
Oyetola
Business

Federal Gov’t Launches Life-jacket Safety Initiative

2025/06/29
Tech Scholar To Drive Academic Vision As OAU’s New DVC
Business

Tech Scholar To Drive Academic Vision As OAU’s New DVC

2025/06/29
MONEY MARKET: Assessing Customers’ Losses To Fraudsters Through Digital Banking
Business

Cybercrime: Half Of Victims Paid Ransom In 2025

2025/06/29
Leadership Conference advertisement

LATEST

Delta South APC Leaders, Stakeholders Endorse Tinubu, Oborevwori For Second Term

Ex-Footballer, Businessman, Others Arrested Over Illict Drugs

Saudi Arabia Okays Burial Of Late Dantata In Madina On Monday 

Sultan Tasks Political Leaders On Motto Of National Institute

Kanu, Ikpeba To Attend NNL Super 8 Opener

WAFCON 2024: CAF Celebrates Former Super Falcons Captain, Ebi

70% Nigerians Without Insurance Cover — NCRIB 

Ojude Oba: Brands, Celebs Find New Spotlight

Mádé Kuti Drops New Single ‘Wait And See’

I Haven’t Seen My Daughter In A While – Skales

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.