• Privacy Policy
  • Terms
  • About us
  • Contact Us
Monday, May 16, 2022
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Special News
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Special News
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy

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

Osinbajo advocates African plan on energy transition

Buhari’s war against money laundering, financial crimes peaks

Stakeholders seek political will to revive textile sector

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.

ALSO READ  Trading on NGX closes green, up by N51bn

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.

ALSO READ  Nigeria’s food monthly imports dip

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.

ALSO READ  Trading in Nigerian stock market dips further N83bn

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

Nigeria emerges Africa biggest energy sector
Economy

Osinbajo advocates African plan on energy transition

May 13, 2022
Nigeria gets petroleum law to edge out 50 years archaic laws
News

Buhari’s war against money laundering, financial crimes peaks

May 13, 2022
25 textile clusters get a boost through SMEDAN
Economy

Stakeholders seek political will to revive textile sector

May 12, 2022
Nigeria floats $4bn Eurobonds
Economy

DMO lists N225bn FGN bond for subscription by auction

May 12, 2022
Price of bread to be reviewed upwards again
Economy

Cost of bread beyond reach of many Africans – AfDB

May 12, 2022
Buhari meets with governors of APC
News

Buhari gives resignation deadline to political office holders seeking to contest elections

May 11, 2022
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

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended Stories

Value of China’s export to US dips

Chinese yuan strengthens to 6.3936 against USD

November 27, 2021
Kenya hits the globe for oil investment

HOSTCON tasks Northern region on oil and gas inclusiveness

November 6, 2021
Deaths in Brazil’s prison fight hits 57

Deaths in Brazil’s prison fight hits 57

May 28, 2019

Popular Stories

  • 79 candidates for presidential election

    INEC wants to make you rich, bid for new jobs

    0 shares
    Share 0 Tweet 0
  • Universities approved to operate distance learning centres

    0 shares
    Share 0 Tweet 0
  • IMF’s reasons for Nigeria’s economic recovery

    0 shares
    Share 0 Tweet 0
  • Missing fighter jet found dead

    0 shares
    Share 0 Tweet 0
  • PawaPlus launches app to make access to electricity easy

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Osinbajo advocates African plan on energy transition
  • Buhari’s war against money laundering, financial crimes peaks
  • Stakeholders seek political will to revive textile sector

Categories

  • Agriculture
  • Business
  • Culture
  • Economy
  • Economy
  • Entertainment
  • Features
  • Finance, Money
  • Foreign
  • Health
  • Lifestyle
  • Multimedia
  • News
  • Oil, Gas
  • Opinion
  • Photo
  • Politics
  • Politics/Social
  • Religion
  • Security
  • Special News
  • Sports
  • Tech
  • Thematterspress
  • Trade, Industry, Technology
  • Travel
  • Uncategorized
  • Video
  • World

© 2022 Domo Tech World - Powered by Thematterspress.

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

© 2022 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
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?