• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Thursday, August 7, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home News

Stock market rebounds by N5bn after persistent bearish trend

The Matters Press by The Matters Press
December 8, 2021
Reading Time: 2 mins read
0
Trading in Nigerian stock market dips further N83bn

The Nigerian stock market rebounded on Tuesday by five billion naira to halt six days consecutive bearish outing.

RELATED POSTS

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

National Single Window initiative, a major step for efficient cross-border trade – TMSG

‎Group celebrates 45% increase in federal revenue in just one month

Specifically, the market capitalisation which opened at N21.920 trillion inched higher by five billion or 0.02 per cent to close at N21.925 trillion.

Also, the All-Share Index increased by 9.42 points or 0.02 points to close at 42,018.02 from 42,008.60 on Monday.

Consequently, the month-to-date loss moderated to 2.8 per cent, while the year-to-date return was unchanged at 4.3 per cent.

The upturn was impacted by gains recorded in large and medium capitalised stocks, amongst which are; Lafarge Africa, Zenith Bank, Guaranty Trust Holding Company (GTCO), Guinness Nigeria and NEM Insurance.

Market breadth was positive with 20 gainers, relative to 19 losers.

Abbey Mortgage Bank drove the gainers’ chart in percentage terms by 9.47 per cent to close at N1.04 per share.

Meyer followed with 8.33 per cent to close at 26k, while NEM Insurance rose by 7.56 per cent to close at N2.42 per share.

Academy Press went up by 7.14 per cent to close at 45k, while Royal Exchange appreciated by 6.90 per cent to close at 62k per share.

On the other hand, GlaxoSmithKline Consumer Nigeria led the losers’ chart in percentage terms by 9.32 per cent to close at N5.35 per share.

Seplat Energy followed with 5.38 per cent to close at N615, while Jaiz Bank lost 4.48.per cent to close at 64k per share.

Dangote Sugar Refinery lost 3.23 per cent to close at N15, while Japaul Gold and Ventures shed 2.56 per cent to close at 38k per share.

The total volume traded increased by 51.5 per cent to 639.44 million shares worth N6.63 billion traded in 4,564 deals.

This was against a total of 422.18 million shares valued at N4.47 billion traded in 5,059 deals on Monday.

Transactions in the shares of FBN Holdings topped the activity chart with 364.03 million shares valued at N4.11 billion.

Sterling Bank followed with 80.97 million shares worth N121.434 million, while Ecobank Transnational Incorporated (ETI) traded 19.768 million shares valued at N159.435 million.

GTCO traded 19.42 million shares valued at N467.04 million, while Fidelity Bank transacted 18.63 million shares worth N43.57 million.

Tags: Stock market
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Obi, PDP candidate advises Buhari to increase tempo
Economy/Technology

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

August 7, 2025
Importers face delays, higher costs on Red Sea woes
Economy/Technology

National Single Window initiative, a major step for efficient cross-border trade – TMSG

August 4, 2025
Chatham House stance on Nigeria’s economy, a non-biased assessment of  reforms
Economy/Technology

‎Group celebrates 45% increase in federal revenue in just one month

July 28, 2025
POLICY STATEMENT 027 BY THE INDEPENDENT MEDIA AND POLICY INITIATIVE (IMPI)
Economy/Technology

Alleged Wasteful Turn Around Maintenance (TAM) of Refineries: Setting the records straight

July 25, 2025
Dangote Fertilizer in gas supply deal
Economy/Technology

IMPI seeks forensic audit of refineries from 2000 to 2023 ‎ ‎

July 25, 2025
Nigeria’s Dangote refinery will cut Africa’s petrol import by 36%
Economy/Technology

‎ADC erred, APC administrations never spent $18bn on refineries-IMPI ‎

July 25, 2025
Next Post
Nigeria loses $25b to foreign ship owners

Nigeria addressing problems facing marine transportation

Nigeria disburses N56bn to MSMEs

SMEs remain critical to Nigeria economy

Recommended Stories

Economists Challenge IMF on call for further VAT increase in Nigeria

Sub-Saharan Africa needs policies to address new economic shock — IMF

April 28, 2022
Deep blue project excites LCCI

LCCI recommends phased fuel subsidy removal

January 25, 2022
Democracy Day Speech of President Buhari

Buhari commissions first African Quality Assurance Centre

December 21, 2022

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • ‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎
  • National Single Window initiative, a major step for efficient cross-border trade – TMSG
  • ‎Group celebrates 45% increase in federal revenue in just one month

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us