• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Thursday, August 28, 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

Equities Market Extends Losing Streak, Sheds N313bn

by Olushola Bello
3 years ago
in Business
Equities
Share on WhatsAppShare on FacebookShare on XTelegram

Nigerian equities yesterday opened the week extending its losing streak for the fifth consecutive session as investors’ investment declined by N313 billion.

 

Advertisement

The All Share Index (ASI) decreased by 579.39 absolute points, representing a dip of 1.11 per cent to close at 51,400.53 points. Similarly, the market capitalisation lost N313 billion to close at N27.718 trillion.

 

The downturn was impacted by losses recorded in medium and large capitalised stocks, amongst which are; MTN Nigeria Communications (MTNN), United Capital, United Bank for Africa (UBA), FBN Holdings (FBNH) and Cutix Plc.

 

RELATED

Parallex Bank To Provide Limitless Banking Experience

Bank Unveils N4bn Financial Support For Lagos LGAs, LCDAs

6 hours ago
FCT Town Planners Reaffirm Commitment To Abuja Master Plan Restoration

Ministry Launches Portal For Tracking Real Estate Fraudsters

6 hours ago
ADVERTISEMENT

United Capital Plc said: “this week, we expect the impact of the increased benchmark lending rate on equity markets to continue to take effect, namely a bear market.

 

Nevertheless, investors are expected to continue stock-picking in anticipation of the H1, 2022 earnings season.”
The market breadth closed negative with 17 stocks decline and 13 gainers. Chemical Allied Products (CAP), FTN Cocoa processors and Nigerian Aviation Handling Company (NAHCO) recorded the highest price gain of 10 per cent to close at N18.70, 33 kobo and N6.05, per share.
Multiverse Mining and Exploration followed with a gain 7.89 per cent to close at N2.05, while Unity Bank appreciated by 7.14 per cent to close at 45 kobo, per share.
On the other hand, MTNN led the losers’ chart by 6.99 per cent, to close at N213.00, per share. United Capital followed with a decline of 5.51 per cent to close at N12.00, while Cutix went down by 5.46 to close at N2.25, per share.
R.T. Briscoe Nigeria lost five per cent to close at 38 kobo, while Sovereign Trust Insurance shed 3.70 per cent to close at 26 kobo, per share.
The total volume traded declined by 51.79 per cent to 98.852 million shares, worth N2.515 billion, and traded in 4,314 deals.
Transactions in the shares of UBA topped the activity chart with 15.851 million shares valued at N114.231 million. Zenith Bank followed with 12.270 million shares worth N262.248 million, while Transnational Corporation of Nigeria (Transcorp) traded 5.433 million shares valued at N6.193 million.
Guaranty Trust Holding Company (GTCO) traded 5.097 million shares valued at N105.719 million, while Dangote Sugar Refinery transacted 4.177 million shares worth N66.833 million.


Join Our WhatsApp Channel

Nigerians can now earn US Dollars monthly by acquiring domains cheaply and reselling for profits up to $18,000 (nearly ₦30Million). Beneficiaries include professionals, entrepreneurs, civil servants and more. Click here to start.


Tags: Nigerian equities.
SendShare10174Tweet6359Share
ADVERTISEMENT
Previous Post

Ecobank Group Declares $261m Pre-tax Profit In H1

Next Post

TotalEnergies Commences 50,000bpd Ikike Field Production

Olushola Bello

Olushola Bello

You May Like

Parallex Bank To Provide Limitless Banking Experience
Business

Bank Unveils N4bn Financial Support For Lagos LGAs, LCDAs

2025/08/28
FCT Town Planners Reaffirm Commitment To Abuja Master Plan Restoration
Business

Ministry Launches Portal For Tracking Real Estate Fraudsters

2025/08/28
Renewed Confidence In Aviation Sector Raises Local Airlines Participation – NCAA
Business

Lagos, FCT, Rivers Generate 70% Of Aviation’s N215.6bn GDP Contribution

2025/08/28
Air Peace Lauds Minister Over Installation Of Airfield Lighting On Lagos Airport
Business

Tinubu’s Brazil Visit Yielded Air Peace, Embraer MRO Agreement – Onyema

2025/08/28
Large-cap Stock Drives Local Bourse To N180bn Gains
Business

Bulls Lose Steam As Equities Market Dips By N325bn Amid Profit Booking

2025/08/28
Kogi Stakeholders Task Federal Gov’t On Ending Benue Killings
Business

Tinubu Promises Continued Support For Capital Market Reforms, Expansion

2025/08/28
Leadership Conference advertisement

LATEST

AC Milan Agree To £36m Deal For Nkunku

Foundation’s New Board Asked To Sustain Help For Retired Clerics, Widows

Oyo Assembly Defends Makinde’s N300bn Fresh Loan Request

Bauchi Gov’t Approves N32,000 Minimum Pension For Retirees

Oluwo Denies Illicit Drug Use, Rains Curses On Accusers

2027: Igbos Free To Contest Presidential Election, Says Ohanaeze

UK Awards Chevening, Commonwealth Scholarships To 85 Nigerians

BBNaija10: Housemates Panic As Imisi Discovers ‘Human Head’ Inside Fridge

Libyan Police Arrest 2 Nigerians Over Alleged Robbery Spree

Police Arrest 5 For Alleged Motorcycle Theft, Drug Trafficking In Bauchi

© 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.