* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Saturday, August 30, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Sabrina Carpenter’s pearl-clutching magic? Humor – CNN

    Sabrina Carpenter’s pearl-clutching magic? Humor – CNN

    South Park Is In Trouble And Needs To Change Course, Fast – yahoo.com

    South Park Faces Major Challenges and Must Adapt Fast to Survive

    ‘Netflix House’ entertainment complexes are coming. Here’s when they open – Los Angeles Times

    Exciting News: Netflix’s House Entertainment Complexes Are Opening Soon!

    ‘Big Brother’s’ Rylie Jeffries Finally Speaks Out on Katherine Woodman Controversy – El Paso Inc.

    Big Brother’s Rylie Jeffries Finally Speaks Out on Katherine Woodman Controversy

    ‘SNL’ Parts Ways With Emil Wakim Amid Rumored Season 51 Cast Shakeup – yahoo.com

    SNL Shakes Up Season 51 Cast with Emil Wakim’s Surprising Exit

    Do you have a favorable or an unfavorable opinion of Taylor Swift? – YouGov

    Do You Love Taylor Swift or Not? Share Your Thoughts!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Propelling solar technology into a perovskite future – CORDIS

    Propelling solar technology into a perovskite future – CORDIS

    13 Top Technology Trends (2025) – Exploding Topics

    13 Game-Changing Technology Trends to Watch in 2025

    Japan’s legacy LCD and chip technology find new home in India – Nikkei Asia

    How Japan’s Breakthrough LCD and Chip Technologies Are Driving Innovation in India

    ITSWC 2025: Thursday sessions guide – Traffic Technology Today

    Your Ultimate Guide to Thursday Sessions at ITSWC 2025

    MC Machinery Technology Summit Showcases Manufacturing Innovations – Modern Machine Shop

    MC Machinery Technology Summit Unveils Cutting-Edge Manufacturing Innovations

    US-ROK Technology Cooperation Faces Rising Tensions – The National Interest

    Rising Tensions Put US-South Korea Technology Partnership to the Test

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Sabrina Carpenter’s pearl-clutching magic? Humor – CNN

    Sabrina Carpenter’s pearl-clutching magic? Humor – CNN

    South Park Is In Trouble And Needs To Change Course, Fast – yahoo.com

    South Park Faces Major Challenges and Must Adapt Fast to Survive

    ‘Netflix House’ entertainment complexes are coming. Here’s when they open – Los Angeles Times

    Exciting News: Netflix’s House Entertainment Complexes Are Opening Soon!

    ‘Big Brother’s’ Rylie Jeffries Finally Speaks Out on Katherine Woodman Controversy – El Paso Inc.

    Big Brother’s Rylie Jeffries Finally Speaks Out on Katherine Woodman Controversy

    ‘SNL’ Parts Ways With Emil Wakim Amid Rumored Season 51 Cast Shakeup – yahoo.com

    SNL Shakes Up Season 51 Cast with Emil Wakim’s Surprising Exit

    Do you have a favorable or an unfavorable opinion of Taylor Swift? – YouGov

    Do You Love Taylor Swift or Not? Share Your Thoughts!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Propelling solar technology into a perovskite future – CORDIS

    Propelling solar technology into a perovskite future – CORDIS

    13 Top Technology Trends (2025) – Exploding Topics

    13 Game-Changing Technology Trends to Watch in 2025

    Japan’s legacy LCD and chip technology find new home in India – Nikkei Asia

    How Japan’s Breakthrough LCD and Chip Technologies Are Driving Innovation in India

    ITSWC 2025: Thursday sessions guide – Traffic Technology Today

    Your Ultimate Guide to Thursday Sessions at ITSWC 2025

    MC Machinery Technology Summit Showcases Manufacturing Innovations – Modern Machine Shop

    MC Machinery Technology Summit Unveils Cutting-Edge Manufacturing Innovations

    US-ROK Technology Cooperation Faces Rising Tensions – The National Interest

    Rising Tensions Put US-South Korea Technology Partnership to the Test

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Nigerian Equities Open With N304bn Loss

April 17, 2024
in Business
Nigerian Equities Open With N304bn Loss
Share on FacebookShare on Twitter

http://economicconfidential.com/

FIRS

Nigerian Equities Open With N304bn Loss

Nigerian equities opened this week with a continuation of bearish sentiment as investors sought to lock in gains into fixed income securities.

Benchmark indices at the Nigerian Exchange (NGX) indicated average decline of 0.53 per cent, equivalent to net capital depreciation of N304 billion.

The All Share Index (ASI)- the value-based common index that tracks all share prices at the NGX, dropped from its opening index of 102,314.56 points to close at 101,777.12 points. Aggregate market capitalisation of quoted equities declined from its opening value of N57.865 trillion to close at N57.561 trillion.

The decline was driven by widespread selloffs across the sectors, especially within large-cap banking stocks such as Guaranty Trust Holding Company (GTCO), Zenith Bank, United Bank for Africa (UBA) and Fidelity Bank.

There were 10 gainers to 32 losers. Fidelity Bank led the losers’ chart with 10 per cent to close at N9.00 per share. Jaiz Bank followed with a decline of 9.69 per cent to close at N2.05. RT Briscoe declined by 8.47 per cent to close at 54 kobo per share. GTCO lost 7.73 per cent to close at N38.20 while Universal Insurance depreciated by 7.69 per cent to close at 36 kobo per share.

On the positive side, UPDC emerged the highest price gainer of 10 per cent to close at N1.43 per share. Morison Industries followed with a gain of 9.77 per cent to close at N2.81. NEM Insurance up by 8.90 per cent to close at N10.40 per share.

DAAR Communication rose by 7.69 per cent to close at 70 kobo while Oando appreciated by 6.77 per cent to close at N13.40 per share.The total volume traded decreased by 55.50 per cent to 326.640 million shares valued at N7.169 billion in 10,777 deals. UBA led the activity chart with 42.254 million shares worth N1.109 billion. Transcorp followed with account of 27.562 million shares valued at N396.168 million. Access Holdings traded 24.62 million shares valued at N465.806 million. Oando traded 22.662 million shares worth N307.711 million, while Fidelity Bank traded 17.534 million shares worth N161.258 million.

Analysts said the downtrend was due to selloffs occasioned by realignment of portfolios towards high-yielding fixed income securities.

“We expect bearish sentiments amongst investors to persist in the local equities market given the attractive returns offered in the fixed-income market. The impact of the high yields in the fixed-income market will continue to drive sell-offs as investors switch their asset classes to less risky assets,” United Capital stated.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : EconomicConfidential – https://economicconfidential.com/2024/04/nigerian-equities-loss/

Tags: “Nigerianbusinessequities
Previous Post

CBN’s N500bn Recapitalisation in Line with Global Economic Dynamic – NDIC

Next Post

NDLEA Arrests 50,901 Suspects, Secures 9,034 Convictions, Seizes 7,561tn Substances in 38 Months

FAU tells ‘story’ of Atlantic’s sargassum surge using 40 years of data – EurekAlert!

FAU Reveals the Untold Story Behind Four Decades of Atlantic Sargassum Surge

August 30, 2025
This Week in Science: Brain-Boosting Smells, The Brightest Flash Ever, And More! – ScienceAlert

This Week in Science: Brain-Boosting Scents, The Brightest Flash Ever, and Exciting Discoveries!

August 30, 2025
7 Speed Mike Stewart Science Bodyboard Launch Flex 7 Polypropylene (Polypro) Crescent Tail Morey Mach 7ss – The Michigan Review

Unleash Your Potential with the 7 Speed Mike Stewart Science Bodyboard Featuring Flex 7 Polypropylene and Crescent Tail

August 30, 2025
Cardiologists Struggle With Lifestyle Recommendations – Medscape

Cardiologists Struggle With Lifestyle Recommendations – Medscape

August 30, 2025
Propelling solar technology into a perovskite future – CORDIS

Propelling solar technology into a perovskite future – CORDIS

August 30, 2025
Brian Schottenheimer addresses Micah Parsons trade, says Cowboys can’t win Super Bowl ‘with just one person’ – CBS Sports

Brian Schottenheimer Explains Why the Cowboys Need More Than One Star to Win the Super Bowl

August 30, 2025

First Human Case of New World Screwworm in the US: What You Need to Know

August 30, 2025
Canadian Economy Contracts 0.4%; US Tariffs Drive Losses – Mexico Business News

Canadian Economy Contracts 0.4% Amid Rising US Tariff Pressures on Trade

August 30, 2025
Sabrina Carpenter’s pearl-clutching magic? Humor – CNN

Sabrina Carpenter’s pearl-clutching magic? Humor – CNN

August 30, 2025
The vaccine and public health debate at the center of CDC upheaval, explained – CNBC

The vaccine and public health debate at the center of CDC upheaval, explained – CNBC

August 30, 2025

Categories

Archives

August 2025
MTWTFSS
 123
45678910
11121314151617
18192021222324
25262728293031
« Jul    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (798)
  • Economy (817)
  • Entertainment (21,696)
  • General (16,761)
  • Health (9,858)
  • Lifestyle (831)
  • News (22,149)
  • People (818)
  • Politics (824)
  • Science (16,027)
  • Sports (21,315)
  • Technology (15,797)
  • World (798)

Recent News

FAU tells ‘story’ of Atlantic’s sargassum surge using 40 years of data – EurekAlert!

FAU Reveals the Untold Story Behind Four Decades of Atlantic Sargassum Surge

August 30, 2025
This Week in Science: Brain-Boosting Smells, The Brightest Flash Ever, And More! – ScienceAlert

This Week in Science: Brain-Boosting Scents, The Brightest Flash Ever, and Exciting Discoveries!

August 30, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version