• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Friday, August 1, 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 Sheds N418bn Amid Sustained Sell Pressure  

by Olushola Bello
2 years ago
in Business
stock market
Share on WhatsAppShare on FacebookShare on XTelegram

The domestic equities market yesterday, started the week in negative territory with N418 billion loss, spearheaded by losses in heavyweight stocks.

Advertisement

The All-Share Index declined by 766.56 per cent, representing a decline of 1.48 per cent, to close at 51,127.38 points.

Similarly, the overall market capitalisation value lost N418 billion to close at N27.850 trillion.

The market negative performance was driven by price depreciation in large and medium capitalised stocks which are; MTN Nigeria Communications (MTNN), Transcorp Hotels, Africa Prudential, FBN Holdings (FBNH) and Wema Bank.

This week, United Capital Plc said: “we expect mostly bearish sentiments in the market, supported by the illiquidity of the financial system.

RELATED

NSC Holds Maritime Seminar For Judges

Shippers’ Council Blocks Questionable N52bn Forex Repatriation, Resolves N2bn Trade Disputes

3 minutes ago
Mixed Performance On Equities Expected This Week

Stock Market Investors Gain N12.47trn In July

6 minutes ago

“We note that the current bear trend is approaching a turning point, as the Q1, 2023 earnings season draws nearer. We anticipate the broad-based return of investors’ risk-on sentiments, which is to be catalysed by declining yields in the fixed-income market.

“The current low prices and valuations will allow BUY-SIDE investors the opportunity to re-enter the market and take positions in fundamentally sound stocks, thus maximising market returns.”

Also, the market breadth was negative as 18 stocks lost relative to 16 gainers. Ikeja Hotel recorded the highest price gain of 9.48 per cent to close at N1.27, per share.

Transnational Corporation (Transcorp) followed with a gain of 9.47 per cent to close at N1.85 and Consolidated Hallmark Insurance up by 8.77 per cent to close at 62 kobo, per share.

Nigerian Exchange Group rose by 8.16 per cent to close at N26.50, while Jaiz Bank gained 5.68 per cent to close at 98 kobo, per share.

On the other hand, International Energy Insurance led the losers’ chart by 6.98 per cent to close at N1.20, per share. MTNN followed with a decline of 6.67 per cent to close at N224.00, while Transcorp Hotels lost 5.80 per cent to close at N6.50, per share.

Africa Prudential declined 5.45 per cent to close at N5.20, while AIICO Insurance shed 5.08 per cent to close at 56 kobo, per share.

The total volume traded fell by 58.19 per cent to 226.594 million units, valued at N1.568 billion, and exchanged in 4,373 deals. Transactions in the shares of Transcorp topped the activity chart with 107.213 million shares valued at N162.832 million. Fidelity Bank followed with 39.308 million shares worth N206.008 million, while United Bank for Africa (UBA) traded 22.603 million shares valued at N190.356 million.

Zenith Bank traded 20.614 million shares valued at N521.286 million, while FCMB Group transacted 12.611 million shares worth N47.830 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

ExxonMobil Declares Force Majeure On Crude Oil Lifting In Nigeria

Next Post

Energy Summit: PIA Passage Our Greatest Energy Sector Achievement – Buhari

Olushola Bello

Olushola Bello

You May Like

NSC Holds Maritime Seminar For Judges
Business

Shippers’ Council Blocks Questionable N52bn Forex Repatriation, Resolves N2bn Trade Disputes

2025/08/01
Mixed Performance On Equities Expected This Week
Business

Stock Market Investors Gain N12.47trn In July

2025/08/01
Disruptions Loom In Oil, Gas Sector Over Helicopter Landing Fee
Business

NAMA Conducts Simulation Exercise For Air Emergency Response At Abuja Airport

2025/08/01
Nigerians Groan As SIM Registration, Swap Halted Over NIMC System Migration
Business

SIM Registration: Telcos Resume NIN Verification Services For Subscribers

2025/08/01
NASD Elects Olayimikah Bolo As Chairman
Business

NASD Elects Olayimikah Bolo As Chairman

2025/08/01
MTN Allots Incentive Shares, As Trading Opens With N4bn Loss
Business

MTN Nigeria Adopts Customer-Centric Approach For Growth

2025/08/01
Leadership Conference advertisement

LATEST

Shippers’ Council Blocks Questionable N52bn Forex Repatriation, Resolves N2bn Trade Disputes

Stock Market Investors Gain N12.47trn In July

NAMA Conducts Simulation Exercise For Air Emergency Response At Abuja Airport

SIM Registration: Telcos Resume NIN Verification Services For Subscribers

NASD Elects Olayimikah Bolo As Chairman

MTN Nigeria Adopts Customer-Centric Approach For Growth

Gov Yusuf Nominates Yahya As New Chair Of Kano Anti-Corruption Commission

Oil Marketers Seek FG’s Mediation In Dangote’s Direct Products Sale Plan

Federal Gov’t Approves N68.7bn To Light Up 8 Universities, Hospitals, Rural Businesses

FMBN Recovers N18.9bn Bad Loans, Renews Recapitalisation Push

© 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.