• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Friday, June 6, 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 further appreciates as investors gain N420bn

Stock

The Matters Press by The Matters Press
March 7, 2024
Reading Time: 2 mins read
0
Trading in Nigerian stock market dips further N83bn

Lagos, March 7, 2024: The domestic bourse on Wednesday closed on the positive with a gain of 0.75 per cent, as investors sustained buy interest in the shares of Transcorp Power(TransPower), alongside Tier-one banks.
Specifically, the shares of Transpower, which opened at N290.40, gained 9.99 per cent to close at N319.40 per share.

RELATED POSTS

PDP incubated insecurity in Nigeria, but Tinubu on top of the situation – TDF

FCT ground rent!: Check your name if you own property

Cracking the Code with Africa’s Creators: Woof Studios Makes History at Cannes Lions 2025 CANNES,

Consequently, the Nigerian Exchange Ltd (NGX) All-Share Index gained 0.75 per cent or 744 points to close at 99,591.64, as against 98,847.89 recorded on Tuesday.

Investors also gained N420 billion or 0.75 per cent as the market capitalisation, which opened at N55.890 trillion, closed at N56.310 trillion.

As a result, the Year-To-Date return rose to 33.19 per cent.

Sustained investor interest in Transpower, FBN Holdings, Transnational Corporation (Transcorp) and C& I Leasing kept the market’s performance green.

However, an analysis of the market activities showed trade turnover which settled lower relative to the previous session, with the value of transactions down by 38.63 per cent.

A total of 416.48 million shares valued at N19.51 billion were exchanged in 9,338 deals, compared to 429.64 million shares valued at N19.92 billion exchanged in 10,749 deals posted in previous session.

Meanwhile, TransPower led the gainers log by 9.99 per cent to close at N319.40, Transcorp followed closely by 9.96 per cent to close at N18.99 per share.

FBNH added 9.95 per cent to close at N34.25, Africa Prudential Plc rose by 9.49 per cent to close at N7.50 and C&I Leasing Plc appreciated by 9.48 per cent to close at N3.81 per share.

Conversely, Tantalizers and Ikeja Hotels led the losers’ log in percentage terms of 10 each to close at 36k and N6.75 per share respectively.

National Salt Company of Nigeria(NASCON) lost 9.97 per cent to close at N48.15, Ecobank Transnational Incorporated(ETI) shed 9.96 per cent to close at N24.10.

Also, Livestock Feed Plc went down by 9.82 per cent to close at N1.47 per share.

Transcorp led the activity log in volume with trade of 67.34 million shares valued at N1.28 billion, FBNH followed with 47.69 million shares worth N154.79 million.

Guaranty Trust Holding Company (GTCO) traded 37.47 million shares valued at N1.56 billion, TransPower sold 36.86 million shares worth N11.78 billion to lead the chart in value.

United Bank of Africa (UBA) transacted 29.78 million shares worth N660.45 million.

However, market breadth closed negative with 29 equities on the laggards table and 18 others on the leaders table.

Tags: Stock
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

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
President Tinubu outlines new economic, monetary, foreign policies
Economy/Technology

CUPP goofs over President Tinubu’s 2027 endorsement by governors

June 2, 2025
Next Post
China’s trade surplus with U.S dips

Trade pivotal to Nigeria, Africa’s development- Foundation

Africa’s remittance inflows hit $72b

Central Bank reports increase in forex inflow

Recommended Stories

New Naira notes unavailable even as CBN campaigns for acceptance

Maritime stakeholders commend apex court’s ruling on cash swap

March 4, 2023

Fun Things You Should Do for Yourself During Self-Quarantine

December 4, 2021
Strike puts Nigeria in darkness

Azura power project awarded before Buhari’s administration

July 27, 2020

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

  • PDP incubated insecurity in Nigeria, but Tinubu on top of the situation – TDF
  • FCT ground rent!: Check your name if you own property
  • Cracking the Code with Africa’s Creators: Woof Studios Makes History at Cannes Lions 2025 CANNES,

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