Skip to main content

Nigeria equity market resumes trading in April with 0.95% loss

Transactions opened on the Nigerian Stock Exchange (NSE) for the first trading day in April on a bearish trend with the All-Share Index shedding 0.95 per cent. The index on Monday lost 242.31 points or 0.95 per cent to close at 25,273.03 compared with 25,516.34 posted on Friday due to profit taking. Also, the market capitalisation, which opened at N8.826 trillion, dipped N82 billion to close at N8.744 trillion. Total Nigeria led the losers’ chart, shedding N9.98 to close at N260 per share. Dangote Cement trailed with a loss of N3.90 to close at N161.10 and Nigerian Breweries lost N1.85 to close at N125.15 per share. Guaranty Trust Bank was down by 59k to close at N24.31, while Eterna Oil declined by 16k to close at N3.23 per share. Conversely, Mobil Oil led the gainers’ table, growing by N15 to close at N315 per share. 7UP Bottling followed with all gain of N4.05 to close at N87.05 and CAP gained N1.41 to close at N29.61 per share. UACN appreciated by N1.33 to close at N14.33 and NASCON garnered 72k to close at N7.82 per share. The Financial Services sector remained the toast of investors with Fidelity Bank emerging the most traded equity, trading 26.69 million shares worth N21.32 million. Diamond Bank followed with account of 9.78 million shares valued at N8.19 million and United Bank for Africa sold 9.33 million shares worth N47.97 million. FBN Holdings traded 6.73 million shares valued at N20.76 million and Stanbic IBTC exchanged 4.08 million shares worth N73.42 million. In all, the volume of shares traded closed lower as investors bought and sold 97.69 million shares valued at N682.76 million exchanged in 2,634 deals. This was in contrast with a turnover of 593.87 million shares worth N94, 26 billion transacted in 3,159 deals on Friday.

Comments

Post a Comment

Popular posts from this blog

Upcoming Yoruba actress, Feyi Hassan releases sexy birthday pictures

Upcoming is a bit harsh to describe, pretty Yoruba actress, Feyisara Hassan, because already she has produced five films of her own, while featuring in plenty more. Feyi, who became a producer as a teenager added another year on Wednesday, April 26, 2017 and to celebrate the special day she released some sexy pictures to show another side of her person. Vulnerably beautiful, delicate and yet provocative, Feyi, slays minds in this shoot, without having to go over the edge. Happy birthday girl.
Post a Comment
www.bountifullink.blogspot.com»

Wike moves to ban 5,000 unapproved schools in Rivers

The Rivers State government says it has concluded plans to ban all unapproved schools operating in the state with effect from September this year. State Commissioner for Education, Prof. Kaniye Ebeku, disclosed this when he led members of the Rivers state House of Assembly Committee on Education on an inspection of ongoing rehabilitation work at Government Girls Secondary School, Rumuokwuta in company of officials of the state Ministry of Education. Prof. Ebeku said about five thousand illegal private schools are operating in the state. He said that publications will be done in both National and local papers in the coming days with the full names of the affected schools. According to Ebeku, “We found that there are so many unapproved quacks schools operating in the state and this is not acceptable for many reasons. They deliver poor quality education and because they are operating underground they are not paying required taxes as legitimate approved organizations. “We would not want ...
Post a Comment
www.bountifullink.blogspot.com»

.Kenyan President Ruto Unveils Cabinet Two Weeks After Swearing In

Kenyan President William Ruto on Tuesday named his first cabinet after winning a divisive election in August and defending his narrow victory in the country’s highest court. Ruto, who defeated his opponent Raila Odinga by some 200,000 votes, unveiled his new administration after calling the 26 ministers and cabinet-level appointees to a meeting at State House. Among those appointed were political allies whose support helped ensure Ruto, who served as deputy president in the former government, took the top job after an acrimonious campaign. The president thanked those who “worked and walked this journey to victory”. “Because of their contribution, because of their decision to work with us under very difficult circumstances, we won this election,” Ruto told reporters. Musalia Mudavadi, whose party forged an alliance with Ruto, was named prime cabinet secretary, answering directly to the president and his deputy. Alfred Mutua, a former governor whose party also sided with Ruto, was named ...
Post a Comment
www.bountifullink.blogspot.com»