Thursday, June 8, 2023
  • HOME
  • MARKETS & COMPANIES
  • BUSINESS & ECONOMY
    • AGRO-ECONOMY
    • AVIATION
    • BRANDS
    • CONSUMER GOODS
    • ECONOMY
    • ENERGY
    • ENVIRONMENT
    • FINANCIAL INCLUSION
    • INSURANCE & PENSIONS
    • INVESTMENT
    • MANUFACTURING
    • MARITIME
    • MONEY
    • MSMEs
    • PRODUCT REVIEW
    • ROAD TRANSPORT
    • SMEs
    • STARTUPS
    • TECH
  • INNOVATION
  • EMPIRE
  • OPINION
  • CULTURAL CURRENTS
  • FEATURES
  • AE MAGAZINE
  • CORPORATE RENDEZVOUS
Financial Street
No Result
View All Result
  • Setup menu at Appearance » Menus and assign menu to Main Navigation
Financial Street
No Result
View All Result

Nigerian stock market opens week bearish, contracts by 0.40%

Ehime Alex by Ehime Alex
April 12, 2021
in Stock Market
0
No disruption to operations, NSE assures at first digital closing gong
2
SHARES
20
VIEWS
Share on FacebookShare on TwitterShare on LinkedInShare on WhatsApp

READ ALSO

NGX ASI closes in green with 1.22% increase

NGX ASI dips by 0.68%, closes at N23.949tn

The Nigerian stock market started the week in a negative territory as the All-Share Index moderated by 0.40 per cent to close at 38,712.55 basis points amid renewed profit-taking activity.

The market capitalisation which opened at N20.34tn fell to close at N20.29tn, leaving investors with a loss of N75.24bn.

At the close of the day’s trading, the year-to-date loss of the ASI rose to -3.85 per cent as 20 stocks declined against 15 stocks that gained.

Stanbic IBTC Holdings, Okomu Oil Palm Company, Guinness Nigeria, Nigerian Breweries and United Bank for Africa shares moderated by 9.94 per cent, 3.23 per cent, 9.93 per cent, 1.76 per cent and 0.71 per cent as investors booked profit.

Sectoral Performance was weak as three out of the five indices tracked closed in the red zone.

While the insurance, consumer goods and oil and gas indices declined by 0.80 per cent, 0.10 per cent and 0.12 per cent respectively, and the banking index rose by 0.20 per cent, the industrial index closed flat for the third consecutive trading sessions.

Trading activity was upbeat as total deals, volume and value of stocks traded rose.

At the close of the day’s trading, the total volume of traded stocks rose by 20.75 per cent to 193.98 million units valued at N1.36bn in 4,287 deals.

Tags: BearishNigerianStock market

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
Ehime Alex

Ehime Alex

Ehime Alex reports the Capital Market, Energy, and ICT. He is a skilled webmaster and digital media enthusiast.

Related Posts

NGX ASI closes in green
Front Page

NGX ASI closes in green with 1.22% increase

November 21, 2022
NGX ASI closes in green
Front Page

NGX ASI dips by 0.68%, closes at N23.949tn

November 14, 2022
NGX ASI closes in green
Front Page

Bullish move heralds NGX Nov trade

November 7, 2022
NGX ASI closes in green
Front Page

NGX ASI closes in red

October 31, 2022
NGX ASI closes in green
Stock Market

Bulls return on NGX floor as ASI appreciates by 0.46%

October 17, 2022
NGX ASI closes in green
Front Page

Bearish trend heralds October trading at NGX

October 10, 2022
Next Post
Nigeria seeks global cooperation against drugs

Nigeria seeks global cooperation against drugs, terrorism


Naira4Dollar Rates
ADVERTISEMENT

RECENT STORIES

Obiano celebrates children, urges parents to prioritise education

Obiano celebrates children, urges parents to prioritise education

May 31, 2023
May 25: Why Politics Matters for Africa’s Development

May 25: Why Politics Matters for Africa’s Development

May 26, 2023
celebrates

Technocracy: Roadmap to successful Nigerian economy

May 19, 2023
failure

Governance failure kills basic services, says Ezekwesili

April 28, 2023
foreign

Eminent Nigerians, foreigners to honour Ezekwesili at birthday symposium

April 26, 2023
Ezekwesili

Oby Ezekwesili: The joys of sacrifice

April 25, 2023
Muslim

Obiano felicitates with Muslims, urges unity among Nigerians

April 21, 2023

TRENDING

  • naira devaluation

    What naira devaluation means for Nigeria’s economy

    0 shares
    Share 0 Tweet 0
  • Why Nigerian consumers prefer foreign goods

    0 shares
    Share 0 Tweet 0
  • Impact of fintech on Nigerian economy

    0 shares
    Share 0 Tweet 0
  • NGOs: Encouraging vocational training beyond formal education

    4 shares
    Share 4 Tweet 0
  • Why big and small businesses are turning to digital marketing

    5 shares
    Share 5 Tweet 0
Financial Street

© Financial Street 2021. All Rights Reserved.

More Links

  • Privacy Policy
  • Terms of Use
  • Contact Us

Follow Us

No Result
View All Result
  • HOME
  • MARKETS & COMPANIES
  • BUSINESS & ECONOMY
    • AGRO-ECONOMY
    • AVIATION
    • BRANDS
    • CONSUMER GOODS
    • ECONOMY
    • ENERGY
    • ENVIRONMENT
    • FINANCIAL INCLUSION
    • INSURANCE & PENSIONS
    • INVESTMENT
    • MANUFACTURING
    • MARITIME
    • MONEY
    • MSMEs
    • PRODUCT REVIEW
    • ROAD TRANSPORT
    • SMEs
    • STARTUPS
    • TECH
  • INNOVATION
  • EMPIRE
  • OPINION
  • CULTURAL CURRENTS
  • FEATURES
  • AE MAGAZINE
  • CORPORATE RENDEZVOUS