• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Saturday, June 28, 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

Market capitalisation loses N20bn

Stock

The Matters Press by The Matters Press
November 18, 2022
Reading Time: 1 min read
0
Trading in Nigerian stock market dips further N83bn

The bears dominated the domestic equity market as market capitalisation lost N20 billion or 0.08 per cent, to close at N23.971 trillion compared with N23.991 trillion recorded on Wednesday.

RELATED POSTS

Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group

N1.5trn recapitalisation of Agric bank will herald food security – TMV

Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

Also, the All-Share Index (ASI) lost 35.72 basis points or 0.08 per cent to settled at 44,011.22 from 44,046.94 on Wednesday.

The market’s weak performance was primarily driven by sell-offs in Tier-one banks such as Zenith Bank, Access Holding and Guaranty Trust Holding Company (GTCO).

Market breadth closed negative as 18 stocks declined while 12 advanced.

Unilever followed with a gain 10 per cent to close at N11, while Stanbic Bank appreciated by 9.09 per cent to close at N30 per share, and UPL went up by 8.93 per cent to close at N1.83 per share.

Also, Sovereign Trust Inssurance rose by 8.33 per cent to close at 26k, while Royal Exchange Assurance appreciated by 6.85 per cent to close at 78k per share.

On the other hand, Guuness Nigeria led the losers’ chart by 9.97 per cent to close at N60.50 per share.

Scoa followed with a decline of 9.79 per cent to close at N1.29 and ABC Transport shed eight per cent to close at 23k per share.

United Capital lost 5.83 per cent to close at N11.30, while Oando shed 5.76 per cent to close at N3.60 per share.

An analysis of market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 70.36 per cent.

A total of 97.70 million shares valued at N847.88 million were exchanged in 2,980 deals.

Tags: Stock
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

$2.5 billion JBS investment, a big economic victory for Nigeria –  TDF
Economy/Technology

Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group

June 27, 2025
ActionAid, SWOFON call for urgent completion of BOA recapitalisation
Agriculture

N1.5trn recapitalisation of Agric bank will herald food security – TMV

June 26, 2025
Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF
Energy

Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

June 25, 2025
Tinubu’s Visit to Benue, Mark of True Leadership, Renewed Hope
News

Tinubu’s Visit to Benue, Mark of True Leadership, Renewed Hope

June 25, 2025
79 candidates for presidential election
News

Tinubu’s new INEC building: A consolidation of democratic institutions, legacy in Nigeria – TDF

June 23, 2025
Gombe: Troops take over to enforce peace
News

Nigerian Army kills 6,260 terrorists, rescues 5,365 civilians in 2 years

June 20, 2025
Next Post
Nigeria to allocate $200m for creation of agricultural service centres

Tingo partners AFAN, unveils smartphones, gadgets for farmers

Bayelsa state wants more investment from Shell

Shell completes maintenance of 225,000 bpd Bonga FPS vessel

Recommended Stories

Global trade’ll grow to $30tn by 2030

UK, South Korea to launch trade talks during presidential state visit

November 22, 2023
Nigeria regains top crude oil production spot in Africa

Anambra earns N268m from oil derivation

August 12, 2022

N5.7 trillion Customs Revenue in 11 Months, yet another evidence of Tinubu’s economic reengineering – TDF

November 17, 2024

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’s N60b Intervention in Gombe Agro-Livestock Zone excites group
  • N1.5trn recapitalisation of Agric bank will herald food security – TMV
  • Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

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