• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Saturday, July 5, 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

Nigerian Stocks Slip After Four-Day Rally As Bank Sell-Off Bites

by Leadership News
2 years ago
in News
Share on WhatsAppShare on FacebookShare on XTelegram

The Nigerian equity market concluded its recent four-day upward trend, witnessing a marginal decline of 0.09 per cent in its performance indices. This dip was primarily influenced by a sell-off in Tier-one banking stocks, resulting in a loss of N37 billion in market capitalisation.

Advertisement

Closing the trading session, the market capitalisation stood at N39.612 trillion, down from N39.649 trillion recorded on the previous trading day. Similarly, the All-Share Index fell by 66.6 points or 0.09 per cent, settling at 72,389.23 basis points compared to the previous close of 72,455.83.

The downturn in market performance was attributed to profit-taking activities in banking stocks such as United Bank for Africa (UBA), Access Holdings, and First Bank of Nigeria Holdings (FBNH), among others.

Guaranty Trust Holding (GTCo) took the lead in transaction volume with 51.10 billion units, while Zenith Bank topped the chart in value with transactions amounting to 91.24 billion.

In terms of gainers, Cadbury recorded a significant increase, climbing by 9.93 per cent to close at N16.05 per share. Following suit, Northern Nigeria Flour Mills (NNFM) saw a gain of 9.93 per cent, closing at N38.78 per share. Johnholt rose by 9.85 per cent to close at N0.26 per share, while Infinity and UPDC Real Estate Investment Trust (UPDCREIT) gained 9.73 per cent and 9.64 per cent, respectively.

RELATED

Edo Revenue Board Widens Tax Net

Edo Revenue Board Widens Tax Net

12 minutes ago
2025 Hive Africa Summit: Nigeria, 20 Others Make Waves In Lusaka

2025 Hive Africa Summit: Nigeria, 20 Others Make Waves In Lusaka

25 minutes ago

Conversely, Universal Insurance topped the losers’ chart by shedding 7.14 per cent, closing at N0.26 per share. Livestock followed with a 5.00 per cent decline, closing at N1.71 per share, and FBNH also recorded a loss of 4.92 per cent, closing at N22.20 per share. FTNCOCOA lost 3.31 per cent to close at N1.46, while Oando shed 3.24 per cent, closing at N10.45 per share.

The market’s fluctuating performance demonstrates the ongoing dynamics of trading activities, influenced by various sectoral movements and investor sentiments.

(NAN)


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.


SendShareTweetShare
Previous Post

D’Tigers Placed In Group B For 2025 Afrobasket Qualifiers

Next Post

Pastor Adeboye Exudes Hope For Nigeria’s Future Amid Challenges

Leadership News

Leadership News

You May Like

Edo Revenue Board Widens Tax Net
News

Edo Revenue Board Widens Tax Net

2025/07/05
2025 Hive Africa Summit: Nigeria, 20 Others Make Waves In Lusaka
News

2025 Hive Africa Summit: Nigeria, 20 Others Make Waves In Lusaka

2025/07/05
Naira, Fuel Scarcity, Insecurity, Inflation Push 24m Nigerians Into Hunger – FAO
News

Firm Launches Digital Platform To Promote Nigerian Culture, Tourism Sector

2025/07/05
Adeleke Tasks Banks On New, Old Naira Notes
News

Gov Adeleke Dismisses Rumoured Defection To APC

2025/07/05
Gbolabo Adebakin: Championing Nigeria’s Gastronomic Future
Feature

Gbolabo Adebakin: Championing Nigeria’s Gastronomic Future

2025/07/05
Lobbying, Horse-trading As Akwa Ibom Assembly Elects Principal Officers Today
News

Defection: Akwa Ibom Speaker Reshuffles Assembly Leadership

2025/07/05
Leadership Conference advertisement

LATEST

Edo Revenue Board Widens Tax Net

2025 Hive Africa Summit: Nigeria, 20 Others Make Waves In Lusaka

NOC Women’s Commission Launches 2nd National Sports Seminar

Slum2Stardom, FCT FA Sign MoU To Launch Annual Grassroots Football Awards

Firm Launches Digital Platform To Promote Nigerian Culture, Tourism Sector

Gov Adeleke Dismisses Rumoured Defection To APC

WAFCON 2024: Oshoala Target 10th Title With Super Falcons

Gbolabo Adebakin: Championing Nigeria’s Gastronomic Future

Defection: Akwa Ibom Speaker Reshuffles Assembly Leadership

Ministry Confirms Outbreak Of Dengue Fever In Edo

© 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.