• 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

Stock market dips by 1.2% amid profit-taking

Stock

The Matters Press by The Matters Press
March 29, 2023
Reading Time: 2 mins read
0
Trading in Nigerian stock market dips further N83bn

The Nigerian Exchange Ltd. (NGX) on Tuesday witnessed further drop in market indices by 1.2 per cent, amid sustained negative investment sentiments.

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

Specifically, the NGX All-Share Index dropped 626.14 points or 1.2 per cent to close at 53,124.63 compared with 53,750.77 achieved on Monday.

Consequently, the year-to-date gain moderated to 3.7 per cent.

Similarly, the market capitalisation shed N341 billion or 1.2 per cent to close at N28.940 trillion from N29.281 trillion recorded at the last trading.

The downtrend was also driven by pprofit-taking in medium and large capitalised stocks amongst which were: MTN Nigeria and Dangote cement.

Market sentiment remained positive with 16 gainers in contrast with nine losers.

PZ dominated the gainers’ chart in percentage terms, gaining 9.62 per cent to close at N11.40 per share.

International Energy Insurance followed with 9.42 per cent to close at N1.30, while Multiverse Mining and Exploration rose by 8.72 per cent to close at N3.24 per share.

FTN Cocoa Processors went up by 7.69 per cent to close at 28k, while Regency Alliance Insurance appreciated by 6.9 per cent to close at 31k per share.

On the other hand, Chams drove the losers’ chart in percentage terms by eight per cent to close at 23k per share.

UACN followed with a decline of 5.76 per cent to close at N9, while MTN Nigeria declined by 4.29 per cent to close at N223 per share.

Dangote Cement lost 4.17 per cent to close at 276k, while Fidson Healthcare shed 2.95 per cent to close at N9.55 per share.

The total volume of trade decreased by 101 per cent as investors bought and sold 202.85 million shares valued at N2.05 billion achieved in 3,071 deals.

Transactions in the shares of Transcorp topped the activity chart with 61.49 million shares valued at N85.31 million.

Fidelity Bank accounted for 26.96 million shares worth N139.04 million, while Custodian & Allied Plc traded 19.97 million shares valued at N121.8 million.

Sterling Bank sold 18.65 million shares worth N29.37 million, while Guaranty Trust Holding Company (GTCO) transacted 11.74 million shares worth N291.14 million.

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
Alibaba Group to split into 6 business units

Alibaba Group to split into 6 business units

New Naira notes unavailable even as CBN campaigns for acceptance

NLC, TUC concede two weeks to CBN to end cash crunch

Recommended Stories

Gombe: Troops take over to enforce peace

Italy contributes €5.5m to AfDB’s youth trust fund

July 1, 2023
Tech giant, Microsoft tickles Nigeria

Tech giant, Microsoft tickles Nigeria

April 2, 2022
AfCFTA’s potential for enterprises dominates discussion

Sanwo-Olu tasks MSMEs on digitalisation to harness AfCFTA benefits

June 29, 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

  • 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