• About Us
  • Advertise With Us
  • Contact
Tuesday, April 20, 2021
  • Login
Leadership Newspaper
No Result
View All Result
  • HOME
  • NEWS
    • COVER STORIES
    • WORLD
    • METRO
    • BREAKING NEWS
    • CRIME
    • LAW
    • EDUCATION
    • LABOUR MATTERS
  • POLITICS
  • BUSINESS
  • SPORTS
    • FOOTBALL
    • BASKETBALL
    • GOLF
    • ATHLETICS
  • ENTERTAINMENT
  • INTERVIEWS
  • COLUMNS
    • MONDAY COLUMN
    • TUESDAY COLUMN
    • WEDNESDAY COLUMN
    • THURSDAY COLUMN
    • FRIDAY COLUMN
    • SATURDAY COLUMN
    • SUNDAY COLUMN
  • OPINION
  • HEALTH
HAUSA
  • HOME
  • NEWS
    • COVER STORIES
    • WORLD
    • METRO
    • BREAKING NEWS
    • CRIME
    • LAW
    • EDUCATION
    • LABOUR MATTERS
  • POLITICS
  • BUSINESS
  • SPORTS
    • FOOTBALL
    • BASKETBALL
    • GOLF
    • ATHLETICS
  • ENTERTAINMENT
  • INTERVIEWS
  • COLUMNS
    • MONDAY COLUMN
    • TUESDAY COLUMN
    • WEDNESDAY COLUMN
    • THURSDAY COLUMN
    • FRIDAY COLUMN
    • SATURDAY COLUMN
    • SUNDAY COLUMN
  • OPINION
  • HEALTH
No Result
View All Result
Leadership Newspaper
No Result
View All Result
ADVERTISEMENT
Home BUSINESS

Equities Investors Lose N78bn As Sell-off Persist

2 weeks ago
in BUSINESS, CAPITAL MARKET, NEWS
2 min read
Equities Market Sheds 0.45% On Sustained Profit Taking
0
SHARES
0
VIEWS
SendShareShare on FacebookTweet this
Zenith Account Opening

By OLUSHOLA BELLO, Lagos

The Nigerian stock market yesterday started the new week on a bearish note as the index fell by N78 billion or 0.39 per cent.

Investors came back from a short Easter break to extend the persistent bearish run the market has been experiencing into the fourth trading session.

The All-Share Index (ASI) declined by 150.13 absolute points, representing a decrease of 0.39 per cent to close at 38,766.61 points. While the overall market capitalisation value lost N78 billion to close at N20.283 trillion.

The market loss was driven by price depreciation in large and medium capitalised stocks amongst which are; Guinness Nigeria, MRS Oil Nigeria, Guaranty Trust Bank, BUA Cement and Aluminium Extrusion Industries.

samndaads
samndaads

For the week, United Capital Plc said “We retain a mid-term bearish outlook on the market particularly as the ASI struggled to hold above the 39,000 points support in the prior week. We expect sustained reversal in yields to remain a threat to any form of a sustained rebound in the equities market.”

As measured by market breadth, market sentiment turned negative, as 21 stocks lost relative to 14 gainers. Eterna Plc recorded the highest price gain of 9.91 per cent to close at N5.99, per share. Linkage Assurance followed with a gain 9.72 per cent to close at 79 kobo and Royal Exchange rose by 9.09 per cent to close at 36 kobo, per share.

Japaul Gold and Ventures appreciated by 8.89 per cent to close at 49 kobo, while FCMB Group gained 4.59 per cent to close at N2.96, per share. On the other hand, MRS Oil Nigeria led the losers’ chart by 9.92 per cent to close at N10.90, per share. Aluminium Extrusion Industries  followed with a decline of 9.88 per cent to close at N7.30, while Consolidated Hallmark Insurance shed 9.38 per cent to close at 29 kobo,  per share.

ADVERTISEMENT

Sterling Bank shed 8.65 per cent to close at N1.69, while Guinness Nigeria  depreciated by 8.08 per cent to close at N33.00, per share.

Also, the total volume of trades declined by 6.19 per cent to 224.594 million units, valued at N2.143 billion, and exchanged in 4,675 deals. Transactions in the shares of UAC of Nigeria (UACN) topped the activity chart with 34.049 million shares valued at N337.607 million. Access Bank  followed with 26.347 million shares worth N214.930 million, while FBN Holdings (FBNH) traded 18.932 million shares valued at N137.435 million.

Zenith Bank traded 16.587 million shares valued at N364.335 million, while Fidelity  Bank transacted 15.305 million shares worth N39.151 million.emerging economies to address social needs and reduce poverty and growing inequality.

“Higher debt service costs are also expected to constrain their ability to address social needs, including rising poverty and growing inequality, or to correct the setback in human capital accumulation during the crisis,” it said, adding that, about 95 million people are likely to fall below the extreme poverty threshold during 2020–21 period.

SendShareShareTweetSharePin
Previous Post

Ecobank Boss Canvasses Artificial Intelligence To Check Cybercrimes

Next Post

Gross Premium Of AIICO Insurance Hits N62bn

Related Posts

£2.5bn Petro Union, CBN, Union Bank’s  Case Resumes Today

Buhari Seeks Confirmation Of Abdullahi As FCT High Court Chief Judge

1 min ago
Chad: Idriss Deby’s Son, General Mahamat, To Lead Provisional Military Council

Chad: Idriss Deby’s Son, General Mahamat, To Lead Provisional Military Council

20 mins ago
Fuel Queue

BREAKING: Fuel Queues Surface In Abuja As Petrol Tanker Drivers Suspend Strike

52 mins ago
Insecurity:Dambazau, Urges Journalist On Reportage

Insecurity:Dambazau, Urges Journalist On Reportage

1 hour ago
chad president

BREAKING: Chad’s President, Idriss Deby, Dies A Day After Winning 6th Election

1 hour ago
Amusa

Morgans Consulting Delivering On Mandate, Says CEO

2 hours ago
Next Post
Gross Premium Of AIICO Insurance Hits N62bn

Gross Premium Of AIICO Insurance Hits N62bn

Tops ePayment

Nigerians Pay N2trn Through Funds Transfer As Lagos Tops ePayment

LATEST NEWS

£2.5bn Petro Union, CBN, Union Bank’s  Case Resumes Today

Buhari Seeks Confirmation Of Abdullahi As FCT High Court Chief Judge

April 20, 2021
Chad: Idriss Deby’s Son, General Mahamat, To Lead Provisional Military Council

Chad: Idriss Deby’s Son, General Mahamat, To Lead Provisional Military Council

April 20, 2021
Fuel Queue

BREAKING: Fuel Queues Surface In Abuja As Petrol Tanker Drivers Suspend Strike

April 20, 2021
Insecurity:Dambazau, Urges Journalist On Reportage

Insecurity:Dambazau, Urges Journalist On Reportage

April 20, 2021
chad president

BREAKING: Chad’s President, Idriss Deby, Dies A Day After Winning 6th Election

April 20, 2021
Prank Movie

The Prank Movie: The Human Part Saga’ Hits Cinemas Nationwide

April 20, 2021
Amusa

Morgans Consulting Delivering On Mandate, Says CEO

April 20, 2021
uniabuja

UNIABUJA Denies Allegation Of Offering Illegal Admissions

April 20, 2021
BREAKING: Senate Probes CCT Chair, Justice Umar, Over Alleged Assault On Security Guard

BREAKING: Senate Probes CCT Chair, Justice Umar, Over Alleged Assault On Security Guard

April 20, 2021
Insurance

Insurers Deny Non-remittance Of N17.4bn Pension Legacy Fund To PTAD

April 20, 2021

Zenith Account Opening



ADVERTISEMENT
  • adverts@leadership.ng

© 2020 Leadership Newspaper

No Result
View All Result
  • HOME
  • NEWS
    • COVER STORIES
    • WORLD
    • METRO
    • BREAKING NEWS
    • CRIME
    • LAW
    • EDUCATION
    • LABOUR MATTERS
  • POLITICS
  • BUSINESS
  • SPORTS
    • FOOTBALL
    • BASKETBALL
    • GOLF
    • ATHLETICS
  • ENTERTAINMENT
  • INTERVIEWS
  • COLUMNS
    • MONDAY COLUMN
    • TUESDAY COLUMN
    • WEDNESDAY COLUMN
    • THURSDAY COLUMN
    • FRIDAY COLUMN
    • SATURDAY COLUMN
    • SUNDAY COLUMN
  • OPINION
  • HEALTH

© 2020 Leadership Newspaper

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Go to mobile version
pixel