Newsexpress place banner advert Yudala Triple Jara Offer
Nigeria’s equity market records further drop

By News Express on 29/06/2016

Share on facebook Yahoo mail icon Gmail icon

Views: 656


The market indices of the Nigerian Stock Exchange (NSE) on Tuesday dropped further by 0.89 per cent due to persistent sell pressure embarked by some investors.

The All-Share Index lost 264.99 points or 0.89 per cent to close at 29,575.24 against 29,840.23 recorded on Monday.

Also, the market capitalisation which opened at N10.248 trillion shed N91 billion or 0.89 per cent to close at N10.157 trillion.

NAN reports that the downturn was strongly boosted by price depreciation recorded in a good number of large capitalised stocks, Total, Guinness, GT Bank, Nigerian Breweries and Flour Mills.

Total topped the laggards’ chart, dropping by N10 to close at N190 per share.

Nestle trailed with a loss of N5.01 to close at N849.99, while Nigeria Breweries lost by N4 to close at N140 per share.

Guinness declined by N3.50 to close at N106.40 and Guaranty Trust Bank dropped by 68k to close at N22.32 per share.

On the other hand, Seplat led the gainers’ table growing by N8.40 to close at N340 per share.

Julius Berger followed with a gain of N2.31 to close at N48.51, while Forte Oil gained N1 to close at N191 per share.

Okomu Oil appreciated by 99k to close at N32 and Union Dicon garnered 75k to close at N15.75 per share.

NAN also reports that a total of 255.25 million shares valued at N3.30 billion were exchanged by investors in 4,812 deals.

This was in contrast with 375.21 million shares worth N4.03 billion traded by investors in 4,229 deals on Monday.

Transcorp drove the volume of shares traded, accounting for 43.77 million shares worth N79.43 million.

GT Bank followed with 42.78 million shares valued at N961.10 million, while FBN Holdings traded 25.69 million shares worth N100.62 million.

Zenith Bank came fourth with a turnover of 25.24 million shares valued at N396.22 million and United Bank for Africa traded 22.95 million shares worth N108.35 million. (Guardian/NAN)

•Photo shows NSE Trading Floor.

Source News Express

Posted 28/06/2016 10:30:54 PM

 

Share on facebook Yahoo mail icon Gmail icon


 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

 

You may also like...
We are working hard to correct lapses —Buhari...

Time for the Creation of a Public Debts...

MTN deflects allegations of illegal repatriation of $14bn...

Chinese CEOs protest curbs on foreign investments

Okechukwu Nwanguma, the gang-up against Intersociety and our...

Guinness shareholders approve N5 billion dividend

PDP told to withdraw from Rivers 2015 governorship...

Etok condoles with Enyeama over mother’s death

Meningitis: Army sensitises personnel, families

FG committed to restoring peace to all parts...

Borno IDPs want camp in neighbouring Yobe village...

Rivers Government faults dismissal of 6 policemen attached...

 

Latest News Delta Killings: Youths storm palace, destroy property, attack Hausa communities Paris Club refunds: Bayelsa disowns consultant, dissociates self from NGF on N53.6bn consultancy fee Benue constitutes panel to clear backlog of salaries Nnamdi Kanu’s Bail: Behind-the-scene actors NUC accredits 25 programmes for BUK See yourselves as agents of change, Lagos CP tells police officers Kebbi loses traditional ruler Rivers donates 8 assault boats to Navy Why we revoked Lolo Enugu crown — Organisers •Announce new Lolo Enugu DESOPADEC security funds meant for Delta youths: An Open Letter to Governor Okowa Lagos agog as Bishop Idahosa celebrates 25 years of marriage Nigeria needs $912m to fight malnutrition

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (241,522 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (218,936 views) Shameless Genevieve Nnaji exposes breasts in public (181,572 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (163,816 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (155,177 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (136,083 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (118,972 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (116,995 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (104,814 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (101,625 views) Lagos plane crash: Journalist releases victims’ names (100,074 views) APC cries foul as PDP’s Fayose takes early lead in Ekiti governorship election (94,519 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (27) Business (2,529) Business Verdict (15) Columnists (672) Complaints & Requests (87) Enterprise & Opportunities (146) Entertainment (310) Features (431) Global Business Monitor (146) International (1,353) Interviews (120) Live Commentary (28) Love Matters (53) News (23,812) Opinion (684) Pidgin (8) Politics (3,671) Religion (523) Sports (1,254) Stock Watch (18) AMA & Al Jazeera Global Update

 

 

CBN Advert

 

Certificate Controversy: Dino Melaye celebrates as Vice Chancellor confirms he graduated...

 

APO Newsbreak logo

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement



 

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!