• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Friday, August 29, 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

Stock Market Halts Losing Streak, Gains N181bn

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

Snapping five consecutive sessions of losses, the domestic stock market yesterday posted a N181 billion rebound following bargain hunting in Dangote Cement and 21 others.

 

Advertisement

Precisely, the All-Share Index inched higher by 335.01 absolute points, representing an increase of 0.66 per cent to close at 51,091.75 points. While the overall market capitalisation value gained N181 billion to close at N27.544 trillion.

The market gain was driven by price appreciation in large and medium capitalised stocks amongst which are; Dangote Cement, MRS Oil Nigeria, Nigerian Aviation Handling Company (NAHCO), SEPLAT Energy and Oando.

On market outlook, GTI Securities Limited said: “Equity market resumes a bullish trend, as investors bargain hunting on oversold stocks. We expect profit taking to continue in the domestic market through out the week.”
However, market sentiment, as measured by market breadth closed negative as 22 stocks lost, relative to 14 gainers. Livestock Feeds recorded the highest price gain of 10 per cent to close at N1.32, per share. MRS Oil Nigeria followed with a gain 9.80 per cent to close at N16.25, while Dangote Cement appreciated by 8.30 per cent to close at N270.00, per share.
NAHCO rose by 7.69 per cent to close at N8.40, while Royal Exchange appreciated by 5.56 per cent to close at 95 kobo, per share. On the other hand, Learn Africa and BUA Foods led the losers’ chart by 10 per cent each to close at N2.25 and N49.50 respectively, while Japaul Gold and Ventures followed with a decline of 9.68 per cent to close at 28 kobo, per share.

 

RELATED

Parallex Bank To Provide Limitless Banking Experience

Bank Unveils N4bn Financial Support For Lagos LGAs, LCDAs

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

Ministry Launches Portal For Tracking Real Estate Fraudsters

15 hours ago
ADVERTISEMENT

GlaxoSmithKline Consumer Nigeria (Glaxosmith) declined by 9.22 per cent to close at N6.40, while NASCON Allied Industries depreciated by 8.56 per cent to close at N11.75, per share.

 

Meanwhile, the total volume of trades fell by 51.60 per cent to 166.969 million units, valued at N2.740 billion, and exchanged in 4,398 deals.
Transactions in the shares of Transnational Corporation of Nigeria (Transcorp) topped the activity chart with 19.338 million shares valued at N24.392 million. United Bank for Africa (UBA) followed with 17.590 million shares worth N131.213 million, while Guaranty Trust Holding Company (GTCO) traded 17.287 million shares valued at N365.183 million.

ADVERTISEMENT

 

Zenith Bank traded 12.807 million shares valued at N281.888 million, while FBN Holdings (FBNH) transacted 11.335 million shares worth N95.428 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: stock market
SendShare10176Tweet6360Share
ADVERTISEMENT
Previous Post

European Union Releases €600m Food Intervention Support To Nigeria, Others

Next Post

Jombo,  Akpotha, Others Actresses Frontline Visit To Dubai For 2022 Travel Raffle Competition

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

Tubotamuno Launches ‘The Elite Wanderer’ To Turn Wealth Into Power, Legacy

2027: Why PDP Must Present Southern Christian Candidate — Bauchi Gov

Akure Monarch Shuts Markets, Shops For Amole Festival

Federal Gov’t To End Police Escort Misuse By VIPs, Says Hadiza Bala-Usman

INEC Allays ADC’s Fears Over Voter Registration Figures

JUST-IN: Besiktas Sack Ole Gunnar Solskjær As Head Coach

Benue, Plateau Killings: DSS Files Criminal Charge Against 9 Suspects

Federal Gov’t Hails Ex-Perm Secs’ Council For Bolstering Governance

Niger Delta Coalition Backs NNPCL Boss, Passes Confidence Vote On Tinubu

Gombe Gov Meets VON DG, Pledges Continued Support, Robust Partnership

© 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.