• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Friday, June 20, 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 Resumes Negative As Capitalisation Loses N227bn

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

Nigeria equities market yesterday resumed trading for the month of August and the new week on a decline as the capitalisation lost N227 billion.

Advertisement

The All Share Index (ASI) decreased by 419.93 absolute points, representing a decline of 0.83 per cent to close at 49,950.32 points. Similarly, the market capitalisation lost N227 billion, and closed at N26.936 trillion.

The downturn was impacted by losses recorded in medium and large capitalised stocks, amongst which are; BUA Cement, UAC of Nigeria (UACN), International Breweries, May & Baker Nigeria and Neimeth International Pharmaceuticals.

GTI Securities Limited said: “equity market closed trading activities for yesterday bearish due to sell-off in blue-chip stocks such as BUA Cement and 13 others. However, we expect slight recovery this week as investors continue to react to companies second quarter (Q2) performance release.”

However, market breadth closed positive, with 21 gainers versus 14 losers. Courteville Business Solutions and Caverton Offshore Support Group recorded the highest price gain of 10 per cent each to close at 44 kobo and N1.10 respectively, while Champion Breweries followed with a gain of 9.59 per cent to close at N4.00, per share.

RELATED

Expert Raises The Alarm As Aging Population Dominates Farming

Commission Distributes Agric Inputs To Abia Rural Women Farmers

5 hours ago
Job Losses: 483,464 Persons Withdraw N247.47bn From Pension Savings

FG Pays N1. 2trn Pension Arrears As Retirees Receive Additional Pension Boost

6 hours ago

Unity Bank went up by 9.30 per cent to close at 47 kobo, while Japaul Gold & Ventures and Livestock Feeds appreciated by 8.70 per cent each to close at 25 kobo and N1.25 respectively, per share.

On the other hand, BUA Cement led the losers’ chart by 9.96 per cent to close at N62.40, per share. McNichols Plc followed with a decline of 9.89 per cent to close at 82 kobo, while Neimeth International Pharmaceuticals lost 9.68 per cent to close at N1.40, per share.

International Breweries depreciated by 6.54 per cent to close at N5.00 while May & Baker Nigeria declined by 6.42 per cent to close at N3.35, per share.

Total volume traded depreciated by 30.90 per cent to 176.054 million shares, worth N2.271 billion, and traded in 4,965 deals. Transactions in the shares of Guaranty Trust Holding Company topped the activity chart with 21.371 million shares valued at N426.795 million.

Zenith Bank followed with 20.446 million shares worth N429.283 million, while Access Holdings traded 16.785 million shares valued at N149.668 million.

FBN Holdings traded 14.313 million shares valued at N153.133 million, while Union Bank of Nigeria (UBN) sold 14.263 million shares worth N100.531 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

START EARNING US DOLLARS as a Nigerian ($35,000) monthly. Companies are sacking their workers due to AI (artificial intelligence), business owners are in panic mode. Only the smart will make it. Click here


SendShareTweetShare
Previous Post

ASUU Strike: Kaduna State Varsity Students Begin Examinations

Next Post

Improved Business Condition Pushes Private Sector Activities Upward

Olushola Bello

Olushola Bello

You May Like

Expert Raises The Alarm As Aging Population Dominates Farming
Agriculture

Commission Distributes Agric Inputs To Abia Rural Women Farmers

2025/06/20
Job Losses: 483,464 Persons Withdraw N247.47bn From Pension Savings
Business

FG Pays N1. 2trn Pension Arrears As Retirees Receive Additional Pension Boost

2025/06/20
Green Bond Offer Closes With N91.42bn Total Subscriptions
Business

Green Bond Offer Closes With N91.42bn Total Subscriptions

2025/06/20
Equties
Business

Federal Gov’t Launches Revenue Optimisation Project

2025/06/20
Unfair Practices: FCCPC Seals France, Belgium, Italy Visa Centres
Business

Unfair Practices: FCCPC Seals France, Belgium, Italy Visa Centres

2025/06/20
Terrorists Bomb 330kv Damaturu-Maiduguri Power Line
Business

Vandals Destroy 178 Transmission Towers In First Half – TCN

2025/06/20
Leadership Conference advertisement

LATEST

Lewis-Skelly Agrees New Arsenal Deal

Liverpool Agree £40m Deal To Sign Kerkez From Bournemouth

Court Serves INEC Chairman Contempt Notice In NRM Suit

NBM Of Africa Disowns Stanley Kakor, Says Tenure As President Over

EFCC Nabs 19 Suspected Cyber Criminals In Akwa Ibom, Cross River

Security Agents Nab 398 Suspects With Dangerous Weapons, Drugs In Kaduna

Why Bauchi’s Future Rests With Speaker Suleiman

UNIBEN Student Launches ‘Save The Girl Child’ Campaign Against Sexual Harassment, GBV, Exploitation

Federal Gov’t Promises Support For ‘Journalists Village’ Project In Abuja

13 Confirmed Killed, Scores Injured In Fresh Plateau Attacks

© 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.