Sign in
  • POLITICS
  • OIL & GAS
  • BUSINESS
  • ENVIRONMENT
  • WOMEN
  • YOUTH
  • EDUCATION
  • AFRICA
Sign in
Welcome!Log into your account
Forgot your password?
Password recovery
Recover your password
Search
27.9 C
Lagos
Wednesday, December 11, 2019.
  • Sign in / Join
  • Home
  • About Us
  • Vision & Mission
  • Advert Rates
  • Contact Us
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
Realnews Magazine
  • POLITICS
  • OIL & GAS
  • BUSINESS
  • ENVIRONMENT
  • WOMEN
  • YOUTH
  • EDUCATION
    • NYSC

      NYSC urges Plateau Govt. to complete permanent orientation camp

      NYSC

      NYSC Director urges corps members to be security conscious at all times

      IPPIS

      IPPIS: ASUU South East insists it will erode university autonomy

      Prof Ademola Tayo, Vice-Chancellor of Babcock University

      Babcock varsity cardiac centre performs 300 open heart surgeries — VC

      FGGC Yola old girls pass vote of confidence on Saromi

  • AFRICA
    • Olusegun Obasanjo

      Obasanjo, Ezekwesili, Others for Atlantic Dialogues

      Ramaphosa

      S/African president cuts trip short over electricity crisis at home

      Adesina

      AfDB, partners inaugurate Shango power substation in Rwanda to facilitate access to regional electricity market

      Pylons carry electricity from a sub-station of state power utility Eskom outside Cape Town

      South Africa’s power crisis shuts down mines across country

      l-r Commissioner Tei Konzi and Joaozinho Mendes

      ECOWAS, WAEMU move to strengthen regional trade networks

Home Business NSE All-Share Index dips 0.56%
  • Business

NSE All-Share Index dips 0.56%

0
10
Facebook
Twitter
Google+
Pinterest
WhatsApp
Linkedin
ReddIt
Email
Print
Tumblr
Telegram
StumbleUpon
VK
Digg
LINE
Viber

    The Nigerian equities market on Wednesday sustained its bearish run with 0.56 per cent following losses in 26 stocks.

    The News Agency of Nigeria (NAN) reports that the All Share Index (ASI) shed 158.08 points or 0.56 per cent to close at 28,042.80 compared with 28,200.58 achieved on Tuesday.

    Also, the market capitalisation lost N77 billion to close at N13.667 trillion against N13.743 trillion on Tuesday.

    The downturn was impacted by losses recorded in medium and large capitalised stocks, amongst which are: Nestle Nigeria, Julius Berger, Guinness Nigeria, Unilever Nigeria and Flour Mills Nigeria.

    Mr Ambrose Omordion, the Chief Operating Officer, InvestData Ltd., said that the continuous sell-off seen in the market was due to negative sentiment.

    Omordion attributed the sell pressure in blue-chip stocks to ‘political risk’.

    He claimed that delay in appointment of ministers  was affecting economic growth and development.

    Market breadth was negative, with eight gainers against 26 losers.

    AG Leventis Nigeria recorded the highest price gain of 10 per cent, to close at 33k per share.

    Chams followed with a gain of eight per cent to close at 27k per share, while Mutual Benefits Assurance appreciated by five per cent to close at 21k, per share.

    Courteville Business Solutions went up by 4.76 per cent to close at 22k, while Consolidated Hallmark Insurance appreciated by 3.33 per cent to close at 31k per share.

    On the other hand, Julius Berger led the losers’ chart with a loss of 9.77 per cent, to close at N18, per share.

    Nigerian Aviation Handling Company (NAHCO) followed with a decline of 9.62 per cent to close at N2.35, while Unity Bank declined by 9.23 per cent to close at 59k per share.

    AXA Mansard Insurance depreciated by 8.33 per cent to close at N1.65 and Honeywell Flour Mills declined by 7.07 per cent to close at 92k per share.

    The total volume traded appreciated by 13.84 per cent with 243.72 million shares worth N3.89 billion traded in 3,449 deals.

    This is in contrast with a turnover of 217.13 million shares valued at N1.79 billion exchanged in 3,595 deals on Tuesday.

    Transactions in the shares of Guaranty Trust Bank topped the activity chart with 77.51 million shares valued at N2.27 billion.

    FBN Holdings followed with 29.47 million shares worth N163.77 million, while United Bank for Africa traded 13.64 million shares valued at N76.50 million.

    Zenith Bank traded 13.28 million shares worth N247.42 million, while Lasaco Assurance accounted for 11.3 million shares valued at N3.92 million. (NAN)

    (Visited 10 times, 1 visits today)
    • TAGS
    • NSE All-Share Index dips 0.56%
    Facebook
    Twitter
    Google+
    Pinterest
    WhatsApp
    Linkedin
    ReddIt
    Email
    Print
    Tumblr
    Telegram
    StumbleUpon
    VK
    Digg
    LINE
    Viber
      Previous articleKogi pilgrims pray for peaceful governorship election
      Next articleInsecurity: Lawan, Gbajabiamila meet with Buhari
      publisher
      Loading...

      RELATED ARTICLESMORE FROM AUTHOR

      Josephine Amuwa, Director, Policy, Competition and Economic Analysis

      Why NCC wants operators to submit RFS

      CBN

      CBN expects 2.38% GDP growth by Q4

      Oscar Onyema

      Insurance recapitalisation exercise will strengthen sector’s growth – Onyema

      NSE

      Yuletide: NSE market capitalisation shed N143bn

      Josephine Amuwa, Director, Policy Competition and Economic Analysis, NCC

      NCC assures operators of Condusive Environment

      Etop Ikpe

      Cars 45 expands to Ghana, Kenya — CEO

      Olusegun Awolowo

      NEPC trains EEG beneficiaries on online platform

      Airtel

      Airtel gives Christmas treat to 2,000 persons in Lagos

      NSE

      NSE: Market indices open new week with 0.65% loss

      CBN

      Focus on women, youth will stimulate financial inclusion

      FG moves to secure $500 AfDB fund for technology

      Cedar

      N29bn Debt: AMCON takes over Olajide Omokore’s Cedar Oil & Gas Limited

      GET OUR MOBILE APP

      PRESS RELEASE

      FISCAL PRUDENCE: FEDERAL GOVERNMENT APPROVES ADDITIONAL COST SAVING MEASURES

      APPOINTMENT TO THE BOARD OF THE NIGER DELTA DEVELOPMENT COMMISSION (NDDC)



      NNPC financial reports July 2019
      NNPC financial reports July 2019Click to View

      Most Read

      • Why Orji Kalu was jailed for 12 years
      • Some Legal Facts about the Conviction of Senator…
      • How Oronsanye embezzled Alleged N2bn Biometric Fund
      • Why Airlines fail in Nigeria – Kuru
      • Mixed reactions as court jails Orji Uzor Kalu 12 years
      • Buhari names Adamu as new AMCON chairman
      • FIRS Staff kick against Acting Chairman
      • Video: US to review relationship with Nigeria over Sowore
      • Corruption: SERAP, others hail ex-Gov. Orji Kalu’s…
      • Sowore: We have not violated court order – DSS

      Latest posts

      Olusegun Obasanjo

      Obasanjo, Ezekwesili, Others for Atlantic Dialogues

      Dec 10, 2019
      Aina and Fowler

      FIRS Staff kick against Acting Chairman

      Dec 10, 2019
      Abdulrasheed Maina

      Inability to screen EFCC second witness hinders Maina’s trial

      Dec 10, 2019
      Oshiomhole

      Oshiomhole, Obaseki fight over APC rally

      Dec 10, 2019
      Cross section of stakeholders

      Irona tasks Imo Communities on security of public infrastructure

      Dec 10, 2019

      News Update

      Get News Update Daily





      Go Cashless

      WEATHER FORECAST

      Lagos
      light rain
      27.9 ° C
      27.9 °
      27.9 °
      79 %
      2.7kmh
      3 %
      Wed
      29 °
      Thu
      28 °
      Fri
      29 °
      Sat
      28 °
      Sun
      28 °

      GOCOP MEMBER

      JUST IN

      • Obasanjo, Ezekwesili, Others for Atlantic Dialogues
      • FIRS Staff kick against Acting Chairman
      • Inability to screen EFCC second witness hinders Maina’s trial
      • Oshiomhole, Obaseki fight over APC rally
      • Irona tasks Imo Communities on security of public infrastructure

      Weather Forecast

      Lagos
      light rain
      27.9 ° C
      27.9 °
      27.9 °
      79 %
      2.7kmh
      3 %
      Wed
      29 °
      Thu
      28 °
      Fri
      29 °
      Sat
      28 °
      Sun
      28 °

      Most Read

      • Why Orji Kalu was jailed for 12 yearsWhy Orji Kalu was jailed for 12 years
      • Some Legal Facts about the Conviction of Senator Orji Uzor KaluSome Legal Facts about the Conviction of Senator…
      • How Oronsanye embezzled Alleged N2bn Biometric FundHow Oronsanye embezzled Alleged N2bn Biometric Fund
      ABOUT US
      Realnews, a general interest magazine, is an online publication which thrives on investigative journalism. We have expertise in reporting business and economy; the oil and gas sector with its attendant environmental challenges. Click to Read More.
      Contact us: [email protected]; [email protected]
      FOLLOW US
      • Home
      • About Us
      • Vision & Mission
      • Advert Rates
      • Contact Us
      © Reanews Magazine | All rights reserved | Website designed by Frandimore
      Edit with Live CSS
      Save
      Write CSS OR LESS and hit save. CTRL + SPACE for auto-complete.