• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Friday, July 25, 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 in upward swings, gains N899bn

Stock

The Matters Press by The Matters Press
February 3, 2024
Reading Time: 2 mins read
0
Trading in Nigerian stock market dips further N83bn

Lagos, Feb. 3, 2024:Transaction at the stock market on Friday showed that investors gained N899 billion.

RELATED POSTS

ADC’s claim on refinery sale, horrendous half truth

‎No political undertone in Tinubu’s befitting honour for Buhari, TDF ‎

‎Stop scapegoating Tinubu, stick to ethics of internal democracy, Group tells ADC ‎

Specifically, the market capitalisation, which opened at 56.259 trillion, closed at 57.158 trillion, representing 1.59 per cent increase.

Also, the All-Share Index also went up by 1,643.79 points or 1.59 per cent to settle at 104,421.23 compared with 102,802.25 posted on Thursday.

As a result, the Year-To-Date (YTD) return increased to 39.65 per cent.
Sustained investors’ buy interest in the stocks of Tier-one banks and MTN Nigeria improved the performance of the market.

The market breadth closed positive with 57 advanced stocks as against 12 declined others.

On the gainers’ table, Sterling Nigeria, Neimeth International Pharmacy (NEIMETH) and Transcorp led in percentage terms of 10 each to close at N6.60, N2.09, N40.70 and N15.40 per share respectively.

Meyer Plc and PZ Cussons also gained 9.97 per cent each to close at N4.30 and N36.40 per share respectively.

Conversely, Johnholt led the losers’ table by 10 per cent to close at N2.43, followed by Morison Industries by 9.76 per cent to close at N3.05 per share.

NEM Insurance lost 9.15 per cent to close at N7.45, while Deap Capital Management and Trust(DeapCap) shed 8.22 per cent to close at 67k per share.
LASACO Assurance declined by 5.20 per cent to close at N2.55 per share.

Analysis of the market activities indicated that trade turnover settled higher when compared to the previous session, which stood at 45.96 per cent.

About 944 million shares valued at N23.48 billion were exchanged in 11,512 deals as against 861 million shares valued at N12.16 billion exchanged in 12,851 deals on Thursday.

Similarly, First Bank Nigeria Holdings (FBNH) led the volume chart with 338.84 million shares traded at N8.88 billion.

Guaranty Trust Company(GTCO) followed by 80.61 million shares worth N3.34 billion.

Transcorp sold 54.98 million shares at N834.84 million, while United Bank of Africa(UBA) traded 49.56 million shares worth N1.42 billion.

Access Corporation sold 38.82 shares valued N1.05 million.

Reacting, Mr David Adonri, Vice Chairman, Highcap Securities Ltd., said that the market performance indices, especially the All-Share index, at over 100,000 was quite unimaginable.

Adonri, in Lagos, stated that investors in the stock market had made a lot of profit, hence the recent sell-offs witnessed in the market.

He said: “Any investor who has not taken his or her profit would have no one to blame.

“Many of the investors left now in the market are institutional investors who are investing for a very longtime and are not bothered about the short term volatility of the market.

Tags: Stock
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Nigerian firms to handle $4b gas project
Economy/Technology

ADC’s claim on refinery sale, horrendous half truth

July 23, 2025
Tinubu inaugurates economic council
Energy

‎No political undertone in Tinubu’s befitting honour for Buhari, TDF ‎

July 23, 2025
Babangida Aliyu’s Exit from ADC, a testament to Coalition’s deceitful recruitment- Group
Economy/Technology

‎Stop scapegoating Tinubu, stick to ethics of internal democracy, Group tells ADC ‎

July 20, 2025
Befitting honour for former President Buhari commendable – TMSG
Economy/Technology

Group commends Tinubu’s exceptional honour to late President

July 20, 2025
Nigeria has not taken decision yet on fuel subsidy
Economy/Technology

Atiku still confused, repetitive over‎ Fuel Subsidy Withdrawal

July 19, 2025
Befitting honour for former President Buhari commendable – TMSG
Economy/Technology

Befitting honour for former President Buhari commendable – TMSG

July 17, 2025
Next Post
Tobacco company reaffirms commitment to diversity, equity

British American Tobacco beliefs in Nigeria’s investment potential

Nigeria confirms oil leak, theft

Nigeria moves to rescue 28 years wasting fortune

Recommended Stories

WTO postpones conference due to pandemic travel restrictions

Nigeria’s membership of WTO, bane to local market, domestic production – Don

December 2, 2023
Private sector in Mining sector will accelerate development

Nigeria inaugurates mining marshals

March 22, 2024
Maritime sector critical to economic growth — Shippers

Maritime expert gives advice on ship boarding

November 2, 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

  • ADC’s claim on refinery sale, horrendous half truth
  • ‎No political undertone in Tinubu’s befitting honour for Buhari, TDF ‎
  • ‎Stop scapegoating Tinubu, stick to ethics of internal democracy, Group tells ADC ‎

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