Inventory Market Suffers N37bn Decline

Inventory Market Suffers N37bn Decline
Nigerian Stock Exchange
Nigerian Inventory Trade


FIRS

The inventory market suffered N37bn decline on Tuesday following a six-day successive bullish run on the ground of the Nigerian Trade Restricted after profit-taking exercise.

The All-Share Index slumped by 67.98 absolute factors, representing a lower of 0.13 per cent to shut at 54,299.76 factors.

Equally, the general market capitalisation worth misplaced N37bn to shut at N29.576tn.

This bearishness was pushed by value depreciation in massive and medium capitalised shares together with Geregu Energy, Dangote Cement, Nigerian Trade Group, Ardova, and UAC of Nigeria.

Market breadth closed damaging as 26 shares misplaced relative to twenty gainers. Conoil recorded the best value acquire of 10 per cent to shut at N29.50, per share.

MRS Oil Nigeria adopted with a acquire of 9.82 per cent to shut at N21.25, whereas Worldwide Power Insurance coverage gained 9.35 per cent to shut at N1.17, per share.

GlaxoSmithKline Client Nigeria appreciated by 6.92 per cent to shut at N6.95, whereas Wapic Insurance coverage gained 4.65 per cent to shut at N0.45 kobo, per share.

Alternatively, Japaul Gold & Ventures led the losers’ chart by 9.38 per cent to shut at N0.29 kobo, whereas FCMB Group adopted with a decline of seven.82 per cent to shut at N4.60, per share.

Royal Trade shed 7.32 per cent to shut at N0.76 kobo, whereas Linkage Assurance and UACN shed 6.12 per cent every to shut at N0.46 kobo and N9.20 respectively, per share.

In the meantime, the full quantity of trades grew by 4.38 per cent to 200.035 million items, valued at N7.622bn, and exchanged in 4,380 offers.

Transactions within the shares of FCMB Group topped the exercise chart with 27.983 million shares valued at N130.017m.

Geregu Energy adopted with 21.130 million shares price N4.176bn, whereas Sterling Financial institution traded 18.837 million shares valued at N28.934m.

Transnational Company of Nigeria traded 15.768 million shares valued at N21.164m, whereas Zenith Financial institution transacted 14.670 million shares price N366.988m.

latest nigerian newspapers headlines today

Read More

Read Previous

Gas Pump Worth To Skyrocket As Entrepreneurs Threaten Shutdown

Read Next

Fed Govt Plans New Coverage To Monitor Public Spending

Leave a Reply

Your email address will not be published. Required fields are marked *