• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Wednesday, August 6, 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 Opens Week Strong, Gains N257bn

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

The Nigerian stock market yesterday opened the week positive as the capitalisation advanced by N257 billion.

Advertisement

The All Share Index (ASI) rose by 470.74 points, representing an increase of 0.92 per cent to close at 51,693.08 points. While the overall market capitalisation value gained N257 billion to close at N28.156 trillion.

The upturn was impacted by gains recorded in medium and large capitalised stocks, amongst which are; Airtel Africa, Nigerian Breweries, United Capital, Nigerian Exchange Group (NGXGroup) and Africa Prudential.

Looking into the week, United Capital Plc  expected the bears to resume activities across counters, as we anticipate further spread across other sectors as investors book profits from the extended rally.

According to United Capital, the central Bank of Nigeria’s recent Cash Reserve Ratio (CRR) debits in the money market will likely discourage investors from sustaining investment in equities in the short-term as they hope for improvement in money market yields.

RELATED

Nigeria’s Capital Import Nosedives, Drops 51% In Q4

Consumers Paid N21,010 For 12.5kg Cooking Gas In June – NBS

13 hours ago
Northern Democrats Set Up C’ttee To Review Tinubu’s Tax Reform Bills

Insurers To Recapitalise as Tinubu Signs Insurance Reform Bill Into Law

13 hours ago

“However, we see any downturn as a short-term buying opportunity as we expect investors’ risk-on sentiments will linger through Q1,2023, favouring the equities market, as the prevailing downward pressure interest rates will persist through the quarter.”

Market sentiment, as measured by market breadth was positive as 18 stocks gained, relative to 16 losers. Thomas Wyatt Nigeria recorded the highest price gain of 9.28 per cent to close at N1.06, per share. Associated Bus Company followed with a gain 8.00 per cent to close at 27 kobo, while Royal Exchange rose by 5.88 per cent to close at N1.08, per share.

Airtel Africa went up by 5.16 per cent to close at N1,630.00,  while consolidated Hallmark Insurance appreciated by 5.00 per cent to close at 63 kobo, per share. 

On the other hand, Union Bank of Nigeria (UBN) led the losers’ chart by 8.63 per cent to close at N6.35, per share. Wema Bank followed with a decline of 8.21 per cent to close at N3.58, while AIICO Insurance depreciated by 6.25 per cent  to close at 60 kobo, per share.

Caverton Offshore Support Group declined by 4.95 per cent to close at 96 kobo, while Stanbic IBTC Holdings  depreciated by 4.33 per cent to close at N32.00, per share.

Also, the total volume of trades rose by 17.10 per cent to 229.219 million units, valued at N2.908 billion, and exchanged in 3,900 deals. 

Transactions in the shares of Sterling Bank topped the activity chart with 85.178 million shares valued at N119.255 million. United Bank for Africa (UBA) followed with 21.623 million shares worth N173.308 million, while FBN Holdings (FBNH) traded 20.091 million shares valued at N222.860 million.

Access Holdings traded 10.325 million shares valued at N95.528 million, while Zenith Bank transacted 8.292 million shares worth N202.481 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




SendShareTweetShare
Previous Post

Publishers Set To Unveil Book Postulating Obi’s Presidency

Next Post

Calabar/Itu Road Project: Monarchs Protest Non-payment Of Compensation

Olushola Bello

Olushola Bello

You May Like

Nigeria’s Capital Import Nosedives, Drops 51% In Q4
Business

Consumers Paid N21,010 For 12.5kg Cooking Gas In June – NBS

2025/08/06
Northern Democrats Set Up C’ttee To Review Tinubu’s Tax Reform Bills
Business

Insurers To Recapitalise as Tinubu Signs Insurance Reform Bill Into Law

2025/08/06
Despite NEITI’s $1.9bn Under-remittance Claim, Federal Govt Owes NNPCL $9.74bn Fuel Subsidy Debt
Business

FG Pledges To Strengthen Trade Ties With US

2025/08/06
Equities Market Rebounds By N95bn Gain
Business

Equities Market Extends Winning Streak, Gains N458bn

2025/08/06
Non-Resident Registration Pushes BVN Enrollments to 66.2m In July
Business

Non-Resident Registration Pushes BVN Enrollments to 66.2m In July

2025/08/06
First Holdco to Sell RC Investment Stake
Business

First Holdco to Sell RC Investment Stake

2025/08/06
Leadership Conference advertisement

LATEST

Speaker Abbas Hails Nafisa, Rukayya, Hadiza Over English Contest Win

JUST-IN: Ghana’s Defence, Environment Ministers Killed In Helicopter Crash

Lookman Departs Italy Amid Transfer Stand-off With Atalanta

INEC Clears 9 Political Parties For Edo By-election Elections

Customs Seizes Rice-laden Tanker, Other Items In Kaduna

Police Arraign Blogger For Allegedly Defaming Actress Lizzy Anjorin

Appeal Court Restores Order To Forfeit Properties Linked To Yahaya Bello

JAMB Rolls Out Guidelines For Underage Admission

Oyo Gov’t Begins Enforcement Against Street Trading, Open Grazing

Davido Is Nigeria’s ‘Most Influential Person’, Says Manager Asika

© 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.