• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Saturday, June 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 Economy/Technology

Fidelity Bank, BUA Cement shares drop market capitalisation by N226bn

Stock

The Matters Press by The Matters Press
August 1, 2022
Reading Time: 2 mins read
0
Trading in Nigerian stock market dips further N83bn

The equity market started the week and the month on a weak note due to sell-off in some largely capitalised, making capital capitalisation to drop by N226.45 billion.

RELATED POSTS

Nigeria’s 3MTT gets boost as EU, World Bank back initiative

PDP incubated insecurity in Nigeria, but Tinubu on top of the situation – TDF

FCT ground rent!: Check your name if you own property

The negative performance was driven by BUA Cement, Neimeith, Fidelity Bank, International Breweries, among others.

Consequently, the market capitalisation close at N26.936 trillion from the N27.163 recorded on Friday.

Also, the All-Share Index lost 0.83 per cent to close at 49,950.32 points compared to 49,667.14 recorded on Friday.

The year-to-date (YTD) return fell to 16.93 per cent.

Similarly, traded volume declined by 28 per cent with 176 million units traded and value traded fell 19 per cent to N2.2 billion.

However, market breath was positive as 21 stocks gained and 14 declined.

Caverton Offshore Support Group and Courtville Business Solutions led the gainers’ chart in percentage terms by 10 per cent to close at N1.10 and 44k per share, respectively.

Champion Breweries followed with a gain of 9.59 per cent to close at N4, while Unity Bank rose by 9.30 per cent to close at 47k per share.

Livestock also went up by 8.70 per cent each to close at N1.25.

On the other hand, Bua Cement led the losers’ chart in percentage terms by 9.96 per cent each to close at N62.40 per share.

McNichols Consolidated shed 9.89 per cent to close at 82k per share.

Neimeth International Pharmaceuticals also lost 9.68 per cent to close at N1.40 per share, while International Breweries lost 6.54 per cent to close at N5 per share.

Meyer & Baker declined by 6.42 per cent to close at N3.35 per share.

Analysis of the market activities showed trade turnover settled lower relative to the previous session, with the value of transactions reducing by 19.21 per cent.

A total of 176.05 million units of shares valued at N2.27 billion.

Transactions in the shares of Guaranty Trust Holding Company (GTCO) topped the most volume chart with 21.37 million shares valued N426.8 million.

Zenith Bank followed with 20.452 million shares worth N429.28 million, while AccessCorp traded 16.79 million shares valued N149.67 million.

First Bank of Nigeria (FBNH) traded 14.31 million shares valued N153.13 million, while United Bank for Africa transacted 14.26 million shares worth N100.53 million.

Tags: Stock
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

World Bank predicts 4% global economic growth, 1.1% for Nigeria in 2021
Economy/Technology

Nigeria’s 3MTT gets boost as EU, World Bank back initiative

June 6, 2025
Energy

PDP incubated insecurity in Nigeria, but Tinubu on top of the situation – TDF

June 4, 2025
Property owners besiege FCT office to pay ground rent
Economy/Technology

FCT ground rent!: Check your name if you own property

June 3, 2025
News

Cracking the Code with Africa’s Creators: Woof Studios Makes History at Cannes Lions 2025 CANNES,

June 3, 2025
Economic implications of Niger coup to Nigeria, ECOWAS
Economy/Technology

IMPI urges media to consider national interest in reporting security challenges

June 3, 2025
Tinubu steering Nigeria away from Venezuela-like tragedy – IMPI
News

Malami’s opposition to Tinubu’s endorsement self-indicting – TDF

June 3, 2025
Next Post
SMEDAN to disburse N5.2m start-up grants to cooperatives

SMEDAN empowers 150 farmers in Lagos

Free public transportation for retirees begins in Lagos

PTAD reiterates commitment to safeguarding pensioners’ payments

Recommended Stories

Nigeria in illegal fishing crisis, moves to boost production, stops importation

Agro-firm constructs fish hatchery, fish feeds factory, in Bayelsa

June 21, 2022
Obasanjo campaigns for AfCFTA

Obasanjo, others call for strong economic ties with Angola

February 4, 2024
N125bn MSMEs intervention: IT critical to ensuring transparency – ITSSP

AFAWA secure $1.2bn for women’s SMEs in Africa – AfDB

October 18, 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

  • Nigeria’s 3MTT gets boost as EU, World Bank back initiative
  • PDP incubated insecurity in Nigeria, but Tinubu on top of the situation – TDF
  • FCT ground rent!: Check your name if you own property

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