• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Friday, May 30, 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 Economy/Technology

Stock market remains bearish, drops 1.21%

Stock

The Matters Press by The Matters Press
June 17, 2022
Reading Time: 2 mins read
0
Trading in Nigerian stock market dips further N83bn

The nation’s stock market maintained its bearish position on Friday, as all market indicators dropped further amid sell pressure in large capitalised stocks.

RELATED POSTS

Tinubu explains mission as he marks second year in office

Increasing oil rigs, a big score for Nigeria’s petroleum sector reforms

Pope’s invitation to Tinubu reflects Nigeria’s relevance in global affairs -TMSG

Specifically, the All-Share Index declined by 633.01 points or 1.21 per cent to close at 51,778.08 compared with 52,411.09 achieved on Thursday.

Consequently, the year-to-date (YTD) return fell to 21.21 per cent.

Also, the market capitalisation dropped by N341 billion or 1.21 per cent to close at N27.914 trillion against N28.255 trillion on Thursday.

The stocks that pushed the equities market lower included MTN Nigeria, Guaranty Trust Holding Company(GTCo), Zenith Bank, among others.

The market closed negative with 10 stocks that gained and 24 losers.

A breakdown of the price movement chart shows that Ellahlakes recorded the highest gain to lead the gainers’ chart with 8.40 per cent to close at N4 per share.

UACN trailed with 6.48 per cent to close at N11.50, while Living Trust Mortgage Bank rose by 5.26 per cent to close at N1.20 per share.

Mutual Benefits Assurance also rose by 4.17 per cent to close at 25k while Fedelity Bank inched up by 3.37 per cent to close at N3.37 per share.

On the other hand, McNichols Consolidated Plc led the losers’ chart, dropping by 9.76 per cent to close at N 1.85 per share.

ARDOVA lost by 9.70 per cent to close at N13.50 while Livestock dipped by 9.52 per cent to close at N1.33 per share.

International Breweries dropped by 9.42 per cent to close at N6.25, while Courtville Business Solutions dipped by 9.26 per cent to close at 49k per share.

In all, a total of 241.19 million shares valued at N3.67 billion were exchanged by investors in 5,043 deals.

This was in contrast with a turnover of 211.615 million shares worth N2.37 billion traded in 4,750 deals on Thursday.

Jaiz Bank was the toast of investors, accounting for 40.66 million shares valued at N37.21 billion.

United Bank for Africa(UBA) came second with 35.72 million shares worth N269.42 million, while Zenith Bank sold 33.2 million shares valued at N719 million.

GTCo accounted for 16.78 million shares worth N359.69 million, while Transcorp transacted 10.91 million shares valued at N14 million.

Tags: Stock
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Nigerians to own brand new vehicles, goods through new credit scheme initiative
Economy/Technology

Tinubu explains mission as he marks second year in office

May 29, 2025
Chevron, NNPC secure $1.4bn for drilling project
Economy/Technology

Increasing oil rigs, a big score for Nigeria’s petroleum sector reforms

May 26, 2025
Group hails Presidential Council initiative, welcomes President Tinubu’s N2tn stabilisation package
Economy/Technology

Pope’s invitation to Tinubu reflects Nigeria’s relevance in global affairs -TMSG

May 24, 2025
Tinubu steering Nigeria away from Venezuela-like tragedy – IMPI
Economy/Technology

Tinubu espouses Nigeria’s unity, diversity at Pope Leo’s inauguration

May 22, 2025
Eulogising Africa’s efforts in midwifing a Covid-19 vaccine
Economy/Technology

Nigeria’s ongoing health reform gets global endorsement with Pate’s honour by Time Magazine

May 21, 2025
Court visits Patience Jonathan’s money palaver
Economy/Technology

Patience Jonathan’s endorsement of Tinubu’s re-election, significant, inspiring

May 20, 2025
Next Post
Revealed: Reals reason UK shut Nigerian-owned Church

Revealed: Reals reason UK shut Nigerian-owned Church

Defiant Nigeria moves to regulate social media

Defiant Nigeria moves to regulate social media

Recommended Stories

e-IPO hits stock market in March

SEC to educate public on investors’ protection as Nigeria celebrates Week

November 22, 2021
Tinubu denies manipulating NASS

Tinubu confers with South Korean envoy on Trade, investment

October 21, 2023
Africa-Europe Alliance presents progress report

Heirs Holdings Oil & Gas rebrands to meet energy needs of Africa

October 19, 2023

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

  • Tinubu explains mission as he marks second year in office
  • Increasing oil rigs, a big score for Nigeria’s petroleum sector reforms
  • Pope’s invitation to Tinubu reflects Nigeria’s relevance in global affairs -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