• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Saturday, August 2, 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 Reverses Gain With N89bn Loss

by Olushola Bello
1 year ago
in Business
stock market
Share on WhatsAppShare on FacebookShare on XTelegram

The Nigerian stock market yesterday closed bearish with N89 billion as investors reacted negatively to the Monetary Policy Rate (MPR) hike.

Advertisement

Precisely, the All-Share Index declined by 157.33 points, representing a loss of 0.16 per cent to close at 98,128.00 points. Also, market capitalisation dipped by N89 billion to close at N55.509 trillion.

The downturn was driven by price depreciation in large and medium capitalised stocks amongst which are; Guinness Nigeria, Zenith Bank, Guaranty Trust Holding Company (GTCO), Multiverse Mining & Exploration and Nigerian Exchange Group.

As measured by market breadth, market sentiment was negative, as 15 stocks gained relative to 22 losers. Tantalizer emerged the highest price gainer of 8.00 per cent to close at 54 kobo, per share. Wapic Insurance followed with a gain of 7.81 per cent to close at 69 kobo, while Omatek Ventures rose by 7.69 per cent to close at 70 kobo, per share.

Julius Berger appreciated by 7.19 per cent to close at N85.00, while Lafarge Africa advanced by 4.48 per cent to close at N35.00, per share.

RELATED

Business Summit Partners UWEAL To Empower African Entrepreneurs

Business Summit Partners UWEAL To Empower African Entrepreneurs

8 hours ago
New Dangote Refinery CEO Reveals Plan To Expand Plant’s Operations

New Dangote Refinery CEO Reveals Plan To Expand Plant’s Operations

12 hours ago

On the other side, The Initiates Plc (TIP) led others on the losers’ chart with 10 per cent to close at N1.80, per share. Multiverse Mining & Exploration followed with a decline of 9.82 per cent to close at N12.40, while Cornerstone Insurance dipped by 9.52 per cent to close at N1.90, per share.

DEAP Capital Management & Trust lost 9.09 per cent to close at 40 kobo, while Caverton Offshore Support Group depreciated by 8.45 per cent to close at N1.30, per share.

The total volume of trades increased by 18.7 per cent to 271.708 million units, valued at N5.435 billion, and exchanged in 7,383 deals. Transactions in the shares of Access Holdings led the activity with 35.358 million shares worth N1.110 billion. Zenith Bank followed with a volume of 75.849 million shares valued at N1.036 billion, while Guaranty Trust Holding Company (GTCO) traded 35.008 million shares valued at N1.348 billion.

United Bank of Africa (UBA) traded 31.280 million shares worth N641.166 million, while Transnational Corporation (Transcorp) traded 25.433 million shares worth N285.383 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

Methodist Church Tasks FG On Electricity Tariff, Minimum Wage, Census

Next Post

Medical Tourism By Nigerians No Longer Tenable, Says Rep

Olushola Bello

Olushola Bello

You May Like

Business Summit Partners UWEAL To Empower African Entrepreneurs
Business

Business Summit Partners UWEAL To Empower African Entrepreneurs

2025/08/02
New Dangote Refinery CEO Reveals Plan To Expand Plant’s Operations
Business

New Dangote Refinery CEO Reveals Plan To Expand Plant’s Operations

2025/08/02
FUEL CRISIS…Hold Marketers Responsible For Long Queues – Dangote
Business

Dangote Refinery Appoints David Bird As CEO

2025/08/02
Nestlé Equips Over 3.7m Children In 2023
Business

Nestle Nigeria Deepens Grassroots Impact With Women Empowerment Initiative

2025/08/02
Wema Bank Rewards 131 Customers With N11m In ‘5 For 5’ Promo Monthly Draw
Business

Wema Bank Grows Profit by 231% in H1 2025

2025/08/02
United Capital Appoints Uche Ike As New Chairman
Business

United Capital Appoints Uche Ike As New Chairman

2025/08/02
Leadership Conference advertisement

LATEST

Edo LG Polls: I’m Aspiring To Advance Good Governance In Ovia South-West — Omoruyi

LASU Suspends Exam, Academic Activities

ADC Condemns Shutdown Of Radio Station In Niger

Abure-led Labour Party Faults INEC Over Party’s Omission In By-election

Gov Sani Distributes 400 Trucks Of Fertilizer To 100,000 Kaduna Farmers

Police Clash With Community Over Land Dispute In Abuja

Zulum Allays Borno Residents’ Fears Over Alau Dam

Police Summon Sowore For Alleged Forgery, Inciting Disturbance

Tinubu Celebrates Ex-VP Sambo At 71

NSE President Urges Stronger Nigeria–Japan Synergy For Infrastructure Dev’t

© 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.