• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Saturday, August 30, 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

Investors Lose N440bn As NGX Reopens For Physical Trading Activities  

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

Bearish sentiment drove the domestic stocks market yesterday with a loss of N440 billion.

Advertisement

The All Share Index (ASI) decreased by 807.83 absolute points, representing a dip of 1.82 per cent to close at 43,461.60 points. Similarly, the market capitalisation lost N440 billion  to close at N23.672 trillion.

This is as the Nigerian Exchange Limited reopened its trading floor alongside the 30th anniversary of the Chartered Institute of Stockbrokers (CIS), signalling a shift to norm after the COVID-19 pandemic forced adoption of full remote trading.

The chairman of NGX, Abubakar Mahmoud, congratulated CIS for its contributions to the capital market and thanked stockbrokers for their commitment to the market and cooperation with the Exchange during the remote trading period.

He attributed the success of trading with zero downtime for 32 months to the investments of NGX in technology and the resilience of brokers.

RELATED

GTCO Declares Pre-tax Profits Of N300.4bn In Q1

GTCO Crosses N500bn Capital Base With Fresh Fund Injection

7 hours ago
JUST-IN: Federal Gov’t Increases Mining Fees, Royalties To Be Paid Operators

Scholarship Beneficiaries Seek Minister’s Intervention Over Mining In Community

7 hours ago
ADVERTISEMENT

The chairman, NGX Group, Alhaji Umar Kwairanga, noted that, it was to the credit of NGX, NGX Regulation, Central Securities Clearing System (CSCS), NGX Group and the stockbroking community that trading flowed seamlessly during the forced closure period.

Also, the chief executive officer, NGX, Mr Temi Popoola said: “NGX will continue to support the initiatives of the institute and cooperate for the further advancement of the capital market.”

Meanwhile, the downturn recorded on the equities trading yesterday was impacted by losses recorded in medium and large capitalised stocks, amongst which are; Dangote Cement, Guinness Nigeria, MTN Nigeria Communications (MTNN), Custodian Investment and Stanbic IBTC Holdings.

ADVERTISEMENT

On market outlook, GTI Securities Limited said: “we expect mixed sentiments to continue during week, as pre-election risks amplify.”

Market breadth closed negative, with 19 losers versus 12 gainers. Unity Bank  recorded the highest price gain of 10 per cent to close at 44 kobo, per share. Thomas Wyatt Nigeria followed with a gain 8.57 per cent to close at 38 kobo, while Jaiz Bank rose 6.38 per cent to close at N1.00, per share.

Fidson Healthcare went up by 5.76 per cent to close at N8.99, while Geregu Power appreciated by 5.09 per cent to close at N121.80, per share.

On the other hand, Guinness Nigeria led the losers’ chart by 9.95 per cent to close at N74.65, per share, per share. Custodian Investment followed with a decline of 9.32 per cent each to close at N5.35, while Dangote Cement lost 8.33 per cent to close at N220.00, per share.

Courteville Business Solutions lost 8.00 per cent to close at 46 kobo, while NEM Insurance shed 7.50 per cent to close at N3.70, per share.

However, the total volume traded rose by 142 per cent to 249.912 million units, valued at N2.502 billion, and exchanged in 3,283 deals. Transactions in the shares of Access Holdings topped the activity chart with 128.732 million shares valued at N1.035 billion.

FBN Holdings (FBNH) followed with 19.492 million shares worth N192.824 million, while Transnational Corporation of Nigeria (Transcorp) traded 17.352 million shares valued at N18.240 million.

Fidelity Bank traded 14.900 million shares valued at N59.862 million, while Guaranty Trust Holding Company (GTCO) transacted 14.591 million shares worth N255.819 million.


Join Our WhatsApp Channel



SendShare10174Tweet6359Share
ADVERTISEMENT
Previous Post

NITDA Strengthens Service Level Agreements To Protect IT Consumers

Next Post

Court Bars States From Control Of Inland Waterways

Olushola Bello

Olushola Bello

You May Like

GTCO Declares Pre-tax Profits Of N300.4bn In Q1
Business

GTCO Crosses N500bn Capital Base With Fresh Fund Injection

2025/08/30
JUST-IN: Federal Gov’t Increases Mining Fees, Royalties To Be Paid Operators
Business

Scholarship Beneficiaries Seek Minister’s Intervention Over Mining In Community

2025/08/30
Business

Budget Office Explains Delay In Budget Implementation Reports

2025/08/30
T2, Huawei Ink Multi-Million Dollar Deal For Core Network Overhaul
Business

T2, Huawei Ink Multi-Million Dollar Deal For Core Network Overhaul

2025/08/30
Maltina Rolls Out New PET Bottles
Business

Maltina Rolls Out New PET Bottles

2025/08/30
Abia Think Tank Calls For Govt Accountability, Inclusivity
Business

Abia Govt To Revive Moribund Industries In Aba

2025/08/30
Leadership Conference advertisement

LATEST

Zelensky Reacts As Ex-Ukrainian Parliament Speaker Parubiy Shot Dead

Gov Okpebholo Rescues 10 Accident Victims On Benin–Auchi Highway

JUST-IN: Israeli Airstrike Kills Houthis Prime Minister In Yemen

India Submits Bid To Host 2030 Commonwealth Games

284,000 People Declared Missing Worldwide, Says Red Cross

Man Utd Agree Napoli Loan Deal For Hojlund

North-East Govs Call For Multidimensional Approach To Tackle Region’s Insecurity

Oyo Gov’t Dangles AI-backed Reforms To Curb Low Literacy Rates

1 Dies, 5 Injured As Car Rams Into Crowd In Northern France

Low Voter Turnout, Late Arrival Of Materials Mar Rivers LG Polls

© 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.