The Next Edition
  • Home
  • About Us
  • News
  • Featured
  • Investigations
  • Foreign
  • Special Reports
  • Entertainment
  • Interviews
  • Advert Rate
No Result
View All Result
The Next Edition
No Result
View All Result
  • Home
  • About Us
  • News
  • Featured
  • Investigations
  • Foreign
  • Special Reports
  • Entertainment
  • Interviews
  • Advert Rate
Home Headline News

Nigerian equity market records first loss in August, down by 0.11%

News Agency by News Agency
August 10, 2017
in Headline News
Nigerian equity market records first loss in August, down by 0.11 %

Stock Exchange

0
SHARES
4
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

The Nigerian Stock Exchange (NSE) on Thursday recorded the first loss in the month of August with the market indices dropping by 0.11 per cent due to profit taking.

The News Agency of Nigeria (NAN) reports that the market capitalisation shed N14 billion or 0.11 per cent to close at N13.133 trillion compared to N13.147 trillion achieved on Wednesday.

You might also like

Natasha To Resume Senate Duty On Tuesday After Court Ruling

Gunmen Taunt Police In Video After Killing Officer In Imo Attack, Flash Stolen Rifles

Police Arrest Five For Oyo Kidnap, Recover ₦4.6m Ransom

Also, the All-Share Index lost 41.17 points or 0.11 per cent to close at 38,102.85 as against 38,144.02 recorded on Wednesday due to sell pressure.

Market analysts had predicted that the market would likely experience mixed performance due to realignment of price occasioned by profit taking.

Alhaji Rasheed Yusuuf, the Managing Director, Trust Yield Securities Ltd., told NAN that profit taking was part of normal market transactions.

Yussuf said that profit taking would occur once in a while, noting that the market upbeat would be sustained due to strong fundamentals and favourable economic climate.

NAN reports that Total topped the losers’ chart, shedding N11 to close at N249 per share.

Forte Oil trailed with a loss of N5.78 to close at N53.76 and Dangote Sugar Refinery declined by 69k to close at N12.57 per share.

Zenith International Bank depreciated by 50k to close at N24 per share.

Conversely, Nestle maintained its leadership, topping the gainers’ table with a gain of N16.01 per share.

Guinness followed with a gain of N3.50 to close at N91 and Unilever increased by N2.05 to close at N43.05 per share.

Stanbic IBTC grew by N1.50 to close at N40 and Conoil added N1.44 to close at N34.30 per share.

Read also:  Bullish run: NSE All-Share Index crosses 38,000 mark

In spite of the drop in market indicators, the volume of shares traded increased by 10.35 per cent with an exchange of 362.67 million shares worth N5.59 billion in 4,055 deals.

This was in contrast with a turnover of 328.65 million shares valued at N6.10 billion traded in 4,983 deals on Wednesday.

Access Bank was the most active stock during the day, exchanging 69.79 million shares worth N713.39 million.

Zenith Bank came second with 56.84 million shares valued at N1.44 billion, while FCMB Group traded 47.17 million shares worth N57.34 million.

Diamond Bank exchanged 33.23 million shares valued at N43.22 million and Guaranty Trust Bank sold 26.82 million shares worth N1.09 billion.

 

 

(NAN)

Tags: 0.11%AugustbusinessdownequityfirstheadlinelossmarketnewspaperNEXT EDITIONNigerianrecords
News Agency

News Agency

Recommended For You

Senator Natasha Akpoti’s Macabre Dance in Brekete Family Radio

Natasha To Resume Senate Duty On Tuesday After Court Ruling

  The suspended senator representing Kogi Central, Natasha Akpoti-Uduaghan, has stated that she will resume legislative duties in the Senate on Tuesday following a court order directing her...

Gunmen Shoot FIRS Official Dead In Abuja

Gunmen Taunt Police In Video After Killing Officer In Imo Attack, Flash Stolen Rifles

  Gunmen suspected to be behind Sunday morning’s deadly attack on a police patrol team in Imo State have appeared in a video, boasting about the operation and...

New Police

Police Arrest Five For Oyo Kidnap, Recover ₦4.6m Ransom

  The Oyo State Police Command has arrested five suspects allegedly involved in the June 26 abduction of a man identified as Timothy in Mokorede, Ipapo, within the...

FG Puts Up Presidential Jet For Sale In Switzerland

FG Puts Up Presidential Jet For Sale In Switzerland

  The Federal Government has listed Nigeria’s 20-year-old Boeing Business Jet (BBJ), formerly used for presidential travel, for sale in Switzerland following its replacement by a newly acquired...

Next Post
Eid-el-Kabir: Saraki seeks rededication to nation building

Why I sacked my aides -Saraki




Related News

Rochas Okorocha Is Killing Me

Kukah Berates El-Ruffai over Anti-Southern Kaduna Comments as Eminent Nigerians Grace Bagobiri’s Burial

BREAKING: Gunmen Invade Kukah’s Church, Kidnap Priests, Others

Court Sentences House Help, 3 Others To Death By Hanging

Court Sentences House Help, 3 Others To Death By Hanging




The Next Edition

Office Address

3B, Agboola Aina street, Off Toyin Street,
Ikeja, Lagos.

Quick Contact Details

Phone:
08033018430
Whatsapp:
08051679910

Email:
[email protected]
[email protected]

Categories

  • Aviation
  • Beauty
  • Breaking News
  • Business
  • Columnists
  • Editorial
  • Entertainment
  • Fashion
  • Featured
  • Football
  • Foreign
  • Headline News
  • Home & Garden
  • Interviews
  • Investigations
  • North Central
  • North East
  • North West
  • Opinion
  • Parenting
  • Politics
  • Relationships
  • South East
  • South West
  • South-South
  • Special Reports
  • Sports
  • Top News
  • Vox Pops

© Next Edition Business Development Limited

  • About Us
  • Advert Rate
  • Contact Us
  • Privacy Policy
  • Terms of Use
No Result
View All Result
  • Home
  • About Us
  • News
  • Featured
  • Investigations
  • Foreign
  • Special Reports
  • Entertainment
  • Interviews
  • Advert Rate

© Next Edition Business Development Limited