• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Friday, August 29, 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

NGX loses N281bn amid profit taking on Dangote Cement

Stock

The Matters Press by The Matters Press
January 27, 2022
Reading Time: 2 mins read
0
Trading in Nigerian stock market dips further N83bn

The bears resurfaced at the nation’s bourse on Thursday as a result of profit taking in Dangote Cement and 17 other stocks.

RELATED POSTS

‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals

‎Group dismisses Obasanjo’s labelling of Tinubu’s administration as inefficient

Tinubu succeeding where Obasanjo failed woefully, says TMSG

Accordingly, the All-Share Index declined by 520.76 per cent or 1.12 per cent to close at 46,009.23 from 46,529.99 recorded on Wednesday.

Similarly, the market capitalisation shed N281 billion to close at N24.792 trillion compared with N25.073 trillion posted on Wednesday.

The market negative performance was driven by price depreciation in large and medium capitalised stocks which are; Dangote Cement, Ardova, NEM Insurance, May & Baker and United Capital.

However, the market breadth closed positive with 26 gainers as against 18 losers.

NEM Insurance led the laggards’ chart by 8.57 per cent to close at N3.20 per share.

Dangote Cement followed with 8.53 per cent to close at N260.60, while AIICO Insurance was down by five per cent to close at 76k per share.

Ardova depreciated by 4.96 per cent to close at N12.45, while Multiverse Mining and Exploration declined by 4.76 per cent to close at 20k per share.

The Chief Operating Officer, InvestData Ltd., Mr Ambrose Omordion, attributed the loss to profit taking in Dangote Cement, one of the highly capitalised stock on the NGX.

Omordion said that the stock market remained attractive due to the outcome of the first Monetary Policy Committee (MPC) meeting.

He said that the retention of rates had made equity space more attractive for fund managers especially as the presence of foreign investors in the market had declined in the past two years due to COVID-19.

Conversely, Guinness and International Breweries topped the gainers’ chart in percentage terms by 10 per cent each to close at N46.75 and N5.50 per share, respectively.

Ecobank Transnational Incorporated followed with a gain of 9.63 per cent to close at N11.95 per share.

Prestige Assurance up by 9.52 per cent to close at 46k, while Unilever Nigeria appreciated by 7.28 per cent to close at N14 per share.

Transactions in the shares of UPDC Real Estate Investment Trust topped the activity chart with 46.36 million shares valued at N181.87 million.

Courteville Business Solutions followed with 36.08 million shares worth N21.32 million, while Transcorp traded 16.89 million shares valued at N18.25 million.

Guaranty Trust Holding Company traded 16.05 million shares valued at N409.66 million, while Multiverse Mining and Exploration sold 10.74 million shares worth N2.20 million.

In all, the total volume traded depreciated by 15.06 per cent to 279.44 million shares worth N2.76 billion traded in 4,582 deals.

This was against a total of 328.99 million shares valued at N4.82 billion transacted in 4,219 deals on Wednesday.

Tags: Stock
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Nigeria regains top crude oil production spot in Africa
Energy

‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals

August 28, 2025
Who is lying, Obasanjo or NAN?
News

‎Group dismisses Obasanjo’s labelling of Tinubu’s administration as inefficient

August 28, 2025
Obasanjo campaigns for AfCFTA
News

Tinubu succeeding where Obasanjo failed woefully, says TMSG

August 28, 2025
Tinubu explains mission as he marks second year in office
Economy/Technology

‎Tinubu in fresh ideas to grassroots-development using 8,809 wards initiative – TMSG ‎

August 9, 2025
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
Next Post
FIRS deploys tech platform for tax collection

FIRS achieves 100% 2021 revenue target

Jaiz Bank expands with new branches

FEC approves levy collection project to generate N1.2trn

Recommended Stories

Coronavirus hits hard as China records 811 deaths

Chinese investment growing in Uganda

December 6, 2021
Nigeria gets AfDB’s $14m as member of ATI

AfDB approves €63 loan to Kenya

July 15, 2022
Nigeria in deal with firm to facilitate funding for houses

ACCI plans property Expo in Abuja

August 26, 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

  • ‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals
  • ‎Group dismisses Obasanjo’s labelling of Tinubu’s administration as inefficient
  • Tinubu succeeding where Obasanjo failed woefully, says TMSG

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