Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the td-cloud-library domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/vhosts/economicconfidential.com/httpdocs/wp-includes/functions.php on line 6121
In One Week, Stock Investors Record N13bn Loss - Economic Confidential
Facebook Instagram Twitter Youtube
  • Home
  • News
    • National News
    • State News
  • Business
  • Features
    • Insight
    • Opinion
  • FAAC
  • Financial
    • Facts & Figures
    • Monetary
    • Tax Matters
  • Sidelines
  • Profile
  • Special Focus
Search
Economic Confidential Factual, Authoritative & Accessible
  • Home
  • News
    • AllNational NewsState News
      Godwin Emefiele CBN Governor

      Court Grants Emefiele N2bn Bail Over Fresh Charges

      Nigerian Crude Hits $77 per Barrel

      Naira Against Dollar

      Naira Gains Against Dollar in Official, Black Markets

      PETROAN Sounds Alarm Over Dangote’s Fuel Market Dominance

  • Business
    • Naira Against Dollar

      Naira Gains Against Dollar in Official, Black Markets

      cbn

      CBN to Offer N162bn Worth of Treasury Bills for Subscription

      CBN Governor, Olayemi Cardoso

      CBN Clamps Down on Banks Under Regulatory Forbearance

      Dangote Refinery nnpcl

      Dangote Refinery to Commence Nationwide Distribution of Petrol, Diesel

      Dollar Against Naira

      Naira Gains Against Dollar in Both Official, Black Markets

  • Features
    • AllInsightOpinion
      Rabi Ummi Umar

      A Heartfelt Letter to Our Fathers, by Rabi Ummi Umar

      Central Bank of Nigeria, CBN

      As CBN Leads Nigeria’s Gender-sensitivity Resurgence, by Rahma Olamide Oladosu

      The Comptroller-General of the Nigeria Customs Service (NCS), Mr Bashir Adewale Adeniyi

      GEOINT: The Intelligence Edge Nigeria Customs Needed, By Tahir Ahmad

      DG NITDA Kashifu Inuwa

      When Borrowing Becomes Harm and NITDA Responds, By Fatimah Yusuf Usman

  • FAAC
    • FAAC

      FAAC: FG, States, LGs Share N1.7tn in February

      Federal Account Allocation Committee FAAC

      FAAC: FG, States, LGs Shared N1.7trn in January

      FAAC

      N13.7trn Federation Account Revenue Unremitted by NNPCL – FAAC

      FAAC

      FAAC Revenue Declines by N303bn in December

      cbn

      Federation Account grew by 7.48% in Q3 2024

  • Financial
    • AllFacts & FiguresMonetaryTax Matters
      Inflation

      Nigeria’s Inflation Drops to 22.97%

      Nigerian Financial Intelligence Unit (NFIU) OGFZA

      Nigeria Nears FATF Grey List Exit – NFIU

      President Bola Ahmed Tinubu Cop

      ‘Tinubu’s Reforms Bold, But Brought Pains on Citizens, Businesses’

      TAX

      Tax Reforms Not Just About Revenue, Says Presidential Aide

  • Sidelines
    • Saliu Mustapha

      Visit Kwara: Saliu Mustapha Pens Foreward For New Book Spotlighting Kwara…

      Apple Data Breach: Marketing Strategy or Security Issue

      Dangote-BUA Sugar Scarcity Feud

      Google: Expanding 2-Step Verification Enrollment

      SAEMA Awards 2021: Submit Nominees for Security and Emergency Management Awards

  • Profile
    • Sambo Dasuki

      Polo, Politics, and the Dasuki Family

      The immediate-past Director in charge of Executive Secretary’s Office at the National Sugar Development Council (NSDC), Mallam Ahmed M. Waziri.

      Ahmed Musdafa Waziri: A Quintessential Civil Servant at 60, by Abdulrahman…


      Warning: Trying to access array offset on value of type bool in /var/www/vhosts/economicconfidential.com/httpdocs/wp-content/plugins/td-composer/legacy/common/wp_booster/td_module.php on line 565

      Deprecated: parse_url(): Passing null to parameter #1 ($url) of type string is deprecated in /var/www/vhosts/economicconfidential.com/httpdocs/wp-content/plugins/td-composer/legacy/common/wp_booster/td_module.php on line 565

      Warning: Trying to access array offset on value of type bool in /var/www/vhosts/economicconfidential.com/httpdocs/wp-content/plugins/td-composer/legacy/common/wp_booster/td_module.php on line 660

      Warning: Trying to access array offset on value of type bool in /var/www/vhosts/economicconfidential.com/httpdocs/wp-content/plugins/td-composer/legacy/common/wp_booster/td_module.php on line 660

      Warning: Trying to access array offset on value of type bool in /var/www/vhosts/economicconfidential.com/httpdocs/wp-content/plugins/td-composer/legacy/common/wp_booster/td_module.php on line 660

      PROFILE: Ten Things to Know About New CCB Chairman, Dr Abdullahi…

      CBN's Acting Director of Corporate Communications, Hakama Sidi Ali

      Hakama Sidi-Ali: The CBN’s First Female Spokesperson and Reputation Management

      Aisha Rimi

      PROFILE: Aisha Rimi, a Square Peg in NIPC’s Square Hole

  • Special Focus
    • Point of Sale Transaction (PoS)

      SPECIAL REPORT: Cash Crunch, Exorbitant POS Charges in the Face of…

      SPECIAL REPORT: Sickle Cell Awareness- A Public Health Imperative for Nigeria,…

      Governor Abba Yusuf of Kano, President Tinubu of Nigeria and Governor Sim Fubara of Rivers

      Shambolic Local Elections: Are Governors Setting ‘Standard’ for Tinubu’s 2027 Re-Election…

      Obamodi Oluwadamilola Faith

      Palliatives Distribution: A Culture FG Must Stop By Obamodi Oluwadamilola Faith

      health care sector

      EXCLUSIVE: How Health Ministry Scuttled Plot to Frustrate Multi-billion Naira Malaria…

Home Business In One Week, Stock Investors Record N13bn Loss
  • Business

In One Week, Stock Investors Record N13bn Loss

By
Economic Confidential
-
March 27, 2023
Nigerian Stock Exchange, Stock, Nigerian Exchange Limited
Nigerian Stock Exchange

In One Week, Stock Investors Record N13bn Loss

Your browser does not support the video tag.

 

The Nigerian Exchange Limited closed lower last week as investors took stock of the hike in the Monetary Policy Rate by the Monetary Policy Committee of the Central Bank of Nigeria and continued with their profit-taking.

At the end of the trading activities last week, the market capitalisation declined by N13bn.

The All-Share Index closed 0.04 per cent lower at 54,892.53 compared to the 54,915.39 that it started the week with.

Similarly, all other indices finished lower except for NGX Consumer Goods and NXG Growth which appreciated by 1.11 per cent and 2.90 per cent respectively while the NGX ASeM, NGX Oil and Gas indices and NGX Sovereign Bond index closed flat.

The NGX ASI went up slightly on Wednesday, a day after the new MPR rate was announced but it continued to dip till the close of trading on Friday.

A total turnover of 1.689 billion shares worth N11.066bn in 14,019 deals was traded the past week by investors on the floor of the Exchange, in contrast to a total of 853.745 million shares valued at N11.841bn that exchanged hands the previous week in 18,543 deals.

The healthcare industry (measured by volume) led the activity chart with 1.086 billion shares valued at N1.627bn traded in 267 deals; thus contributing 64.32 per cent and 14.70 per cent to the total equity turnover volume and value respectively.

The financial services industry followed with 379.556 million shares worth N4.547bn in 6,711 deals. The third place was the conglomerates industry, with a turnover of 89.526 million shares worth N131.231m in 534 deals.

Trading in the top three equities namely Neimeth International Pharmaceuticals Plc, Transnational Corporation Plc and United Bank for Africa Plc, (measured by volume) accounted for 1.248 billion shares worth N2.347bn in 1,102 deals, contributing 73.89 per cent and 21.21 per cent to the total equity turnover volume and value respectively.

Twenty-eight equities appreciated during the week higher than 19 equities in the previous week.

27 equities depreciated lower than 47 in the previous week, while 102 equities remained unchanged, higher than 91 equities recorded in the previous week.

The top gainer in the past week was Sunu Assurances Nigeria Plc which gained 9.09 per cent to end the week at N0.48. Lasaco Assurance Plc followed with a 7.14 per cent increase in its share capital to close at N1.05, while on the losers’ table, NCR Nigeria Plc lost 18.69 per cent of its share value to end the week at N2.35, and Ikeja Hotel lost 18.25 per cent to close at N1.03.

spokesperson
PRNigeria.com
EconomicConfidential.com
PRNigeria.com/Hausa
EmergencyDigest.com
PoliticsDigest.ng
TechDigest.ng
HealthDigest.ng
SpokesPersonsdigest.com
TeensDigest.ng
ArewaAgenda.com
Hausa.ArewaAgenda.com
YAShuaib.com
  • TAGS
  • Central Bank of Nigeria
  • Nigerian Exchange Limited
  • Stock Investors
  • Stock Market
Previous articleForeign Reserves Drop By $1.43bn In Ten Weeks
Next articleGombe Retains Top Position As Easiest State For Business – PEBEC
Economic Confidential
Economic Confidential
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.

Recent Posts

  • Court Grants Emefiele N2bn Bail Over Fresh Charges
  • Nigeria’s Inflation Drops to 22.97%
  • Nigerian Crude Hits $77 per Barrel
  • NGX Sheds N121bn as Investors React to CBN’s Directive
  • PTAD Pays 148,625 Retirees N8.6bn Pension Arrears
© Newspaper WordPress Theme by TagDiv