• 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

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

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

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

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
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

Nigeria plans to increase petrol pump price despite spike in inflation, unemployment

Long queues resurface in Abuja: Fuel scarcity

October 5, 2022
Nigeria to commence renewal, boost Expatriate Quota

Nigeria to commence renewal, boost Expatriate Quota

January 27, 2022
Lagos to spend 27.3% for modern infrastructure

Lagos to spend 27.3% for modern infrastructure

February 7, 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