• 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 Economy/Technology

Equity market drops by 0.12%

Equity

The Matters Press by The Matters Press
February 10, 2023
Reading Time: 2 mins read
0
Trading in Nigerian stock market dips further N83bn

Transactions on the Nigerian Exchange Ltd.,(NGX) on Thursday ended on a negative note with market indices dropping by 0.12 per cent due to sell-offs.

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

The market capitalisation declined by N36 billion to close at N29.608 trillion in contrast with N29.644 trillion achieved on Thursday.

Similarly, the All-Share Index, which opened at 54, 427.05 shed 67.15 points or 0.12 per cent to close at 54, 359.90.

The market’s weak performance was primarily driven by selloffs in stocks of Zenith Bank, Geregu, Nigerian Breweries and Guaranty Trust Holding Company (GTCo).

The year-to-date (YTD) return fell to 6.07 per cent.

Northern Nigeria Flour Mills recorded the highest price gain to lead the gainers’ chart, appreciating by 9.74 per cent to close at N10.70 per share.

Red Star Express trailed with a gain of 9.49 per cent to close at N2.77 and Transnational Express grew by 9.46 per cent to close at 81k per share.

Sunu Assurance was up by 9.38 per cent to close at 35k, while Tripple Gee appreciated by 8.7 per cent to close at N1.25 per share.

Conversely, GlaxoSmith topped the losers’ table, dropping by 7.91 per cent to close at N6.40 per share.

Veritas Kapital and Conerstone Insurance followed by losing 4.76 per cent each to close at 20k and 60k per share, respectively.

Also, Wapic Insurance depreciated by 4.44 per cent to close at 43k per share.

Fidelity Bank decreased by 3.39 per cent to close at N5.70 per share.

Analysis of the activity chart indicated that Universal Insurance emerged the most active in volume terms, having accounted for 71.81 million shares worth N41.36 million.

It was followed by Guranty Trust Holding Company (GTCO) with an exchange of 23.32 million shares valued at N560.37 million, and Sterling Bank sold 12.91 million shares worth N19.75 million.

AIICO exchanged 11.43 million shares valued at N6.91 million, while FBN Holdings sold 10.9 million shares worth N128.8 million.

In all, investors staked N3.15 billion on 225.38 million shares transacted in 3,339 deals.

Tags: Equity
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
Nigeria’s non-oil revenue grew above target by 15.7%

Nigeria generates $4.8b revenue from non-oil exports

Buhari unveils rice pyramids in Abuja

Nigeria achieves 75℅ self-sufficiency in rice production-FG

Recommended Stories

Africa’s remittance inflows hit $72b

Firm secures $3.3m funding to drive consumer goods manufacturers

January 9, 2023
El-Rufai sues for peace, understanding

El-Rufai sues for peace, understanding

May 29, 2019
Food shortage: Nigeria bans foreigners from direct purchase of produce from farmers

Nigeria seeks states’ support to bridge missing link in food production

March 24, 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