• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Thursday, August 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 drops N46bn due to selloffs

Stock

The Matters Press by The Matters Press
January 19, 2023
Reading Time: 2 mins read
0
Trading in Nigerian stock market dips further N83bn

Sentiments remained bearish at the equity market of the Nigetian Exchange Ltd., due selloffs in Dangote Cement, Zenith Bank and Geregu stocks, bringing down the market capitalisation down by N46 billion.

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

As a result, the market capitalisation of equities listed on the NGX decreased by N46 to N28.658 trillion from N28.704 trillion recorded on Tuesday.

Similarly, the All-Share Index (ASI) decreased by 85.8 points, representing a dip of 0.16 per cent to close at 51,615.51 from 51, 701.31 which it was on Tuesday.

Accordingly, the year-to-date gain moderated to 2.66 per cent.

Analysts at Vetiva Securities Ltd., said that “Despite today’s red close, investors continue to cherry pick selected stocks across board, especially in the banking and telecoms sectors.

“We expect this trend to persist this week.”

Market breadth closed negative as 18 stocks were on the larggard’s chart while 13 on the gainer’s.

FTN Cocoa Processors led the losers’ chart in percentage terms by 6.67 per cent to close at 28k, per share.

Associated Bus Company followed with 6.45 per cent to close at 29k, while Livestock Feeds dropped by five per cent to close at N1.14, per share.

Regent Alliance Insurance shed 3.57 to close at 27k, while Oando lost 7.56 per cent to close at N3.85, per share.

On the other hand, Chelleram dominated the gainers’ chart in percentage terms by 9.77 per cent to close at N1.46 per share.

Consolidated Hallmark Insurance followed with a gain of 9.52 per cent to close at 69k, per share.

Linkage Assurance rose by 9.09 per cent to close at 48k, while International Energy Insurance appreciated by 7.89 per cent to close at 41k, per share.

Also, Mutual Benefits Assurance rose by 6.67 per cent to close at 32k, per share.

Meanwhile, the traded turnover increased by 63 per cent with an exchange of 217.95 million valued at N3.18 billion in 3,377 deals.

Transactions in the shares of Sterling Bank topped the activity chart with 94.27 million shares valued at N145.52 million.

Zenith Bank followed with 16.92 million shares worth N416 million, while Guranty Trust Holding Company (GTCO) traded 13.16 million shares valued at N320.14 million.

Geregu traded 10.1 million shares valued at N1.35 billion, while United Access Holdings transacted 9.13 million shares worth N82.21 million.

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
Fraud in banking sector, mostly insider instigated

Be warned, bank staff fraud escalates

Embrace entrepreneurship in place of white-collar jobs- Minister

Beware of foreign job offers

Recommended Stories

Chinese firms in deal for final phase of Tanzania’s rail

AfDB approves new loan to finance construction of Namibia’s railway

November 2, 2023
Nigeria has not taken decision yet on fuel subsidy

Economists, others call for removal of fuel subsidy

June 14, 2022
Africa exceeds $3bn investment on startups

Africa exceeds $3bn investment on startups

November 10, 2021

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