NSE market indices drop by 1.64% after Christmas holidays - Daily Nigerian
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    Nigerian Army gun truck

    Nigerian troops kill 5 ISWAP members in Borno – DHQ

    British govt congratulates new NAPTIP DG

    British govt congratulates new NAPTIP DG, restates commitment to work with her

    Troops raid Boko Haram, recover weapons

    Zangon Kataf: Troops arrest 2 bandits in Kaduna LG

    Gambo Jimeta

    Atiku mourns ex-IGP Gambo Jimeta

    Governor Bello Matawalle of Zamfara State

    Zamfara governor denies donating vehicle to bandits, suspends district heads over killings

    The late Gambo Jimeta

    BREAKING: Ex-IGP Gambo Jimeta is dead

    Yahaya Shariff

    Blasphemy: Court quashes convictions of Kano singer, 1 other

    COVID-19: Zakzaky’s wife reportedly tests positive

    COVID-19: Zakzaky’s wife reportedly tests positive

    Nigerian govt frees 4,000 prisoners under amnesty

    Nigerian govt frees 4,000 prisoners under amnesty

  • Politics
    Umahi removes Chief Press Secretary over misrepresentation

    Umari directs Ebonyi APC members to ‘attack’ social media critics of his administration

    BREAKING: Bayelsa governorship election nullified

    Bayelsa Assembly speaks on ‘plans’ to impeach Governor Diri

    Governor Abdullahi Ganduje of Kano State

    APC sweeps Kano LG election, winning all 44 chairmanship and 484 councillorship seats

    Uganda’s ruling party endorses President Museveni for sixth-term run

    Uganda poll: President Museveni in early lead as rival alleges fraud

    Makurdi: How armed robbers begged Priest for forgiveness while robbing him

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    Governor Yahaya Bello of Kogi State

    2023: Coalition endorses Yahaya Bello for presidency

    2023: Only competence will determine next Ebonyi governor – Indigenes

    2023: Only competence will determine next Ebonyi governor – Indigenes

    BREAKING: Obaseki joins PDP

    Certificate forgery: Obaseki hails Court verdict

    LASG Stimulus Packages: Transport union makes case for bus conductors, drivers in Lagos

    2021: Lagos PDP sets agenda for Sanwo-Olu

  • The Nation
    Bala Mohammed

    Bauchi govt signs N30.9bn MoU for power generation

    Police arrest 122 suspected criminals in Kano

    Banditry: Police arrest 4-man motorcycle snatchers syndicate, arms smuggler in Kebbi

    Governor Nasir El-Rufai of Kaduna State

    Kaduna govt sacks 65 primary school teachers

    Group rejects Uganda presidential election, calls for release of opposition candidate Bobi Wine

    Group rejects Uganda presidential election, calls for release of opposition candidate Bobi Wine

    Kano Hisbah reconciles 3,079 couples in 2020

    Kano Hisbah reconciles 3,079 couples in 2020

    Gov. Simon Lalong

    Plateau varsity workers threatens strike over underfunding, issues 7-day ultimatum

    Governor Atiku Bagudu of Kebbi State

    Bagudu approves N464m for women empowerment in Kebbi

    Auwal Musa Rafsanjani

    Biden’s Inauguration: Rafsanjani calls on African leaders to strengthen public institutions

    Governor Abdullahi Umar Ganduje

    Kano govt exempts judiciary staff from sit-at-home order

  • Business
    NSE: Investors lose N222bn in 6 hours

    Nigerian stock market extends losing streak, drops 0.07%

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NSE market indices drop by 1.64% after Christmas holidays

by Jaafar Jaafar
December 27, 2017
in Business
0
Market capitalisation increases by N72bn
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Activities re-opened on the Nigerian Stock Exchange, NSE, on bearish note on Wednesday after the long holidays with the indices dropping by 1.64 per cent.

The News Agency of Nigeria reports that the market capitalisation shed N225 billion or 1.64 per cent to close at N13.483 trillion from the N13.708 trillion posted on Friday.

The All-Share Index, which opened at 38,522.14, lost 632.57 points or 1.64 per cent to close at 37,889.57 amid huge price loses by some blue chips.

Read Also: Capital market indices up by 0.12%

A breakdown of the price movement table showed that Dangote Cement led the losers’ table with a loss N9.50 to close at N230.50 per share.

Nigerian Breweries trailed with a loss of N5.96 to close at N134.04, while Okomu Oil dropped N3.56 to close at N67.69 per share.

Presco was down by N3.50 to close at N68.50, while PZ Industries declined by 76k to close at N20.62 per share.

Conversely, Mobil Oil led gainers table for the day, increasing by N8.31 kobo to close at N178.31 kobo.

Cadbury followed with a gain of N1.42 to close at N15.75, while Dangote Sugar Refinery gained 51k to close at N20.15 per share.

Eterna Oil grew by 12k to close at N4.35, while Fidelity Bank added 11k to close at N2.49 per share.

However, in spite of the drop in market indicators, the volume of shares transacted surged by 108.31 per cent with 425.96 million shares valued at N2.12 billion traded in 2,937 deals.

NAN reports that this was in contrast to the 204.48 million shares worth N1.53 billion traded in 2,889 deals on Friday.

Transcorp emerged the most active stock exchanging 107.10 million shares valued at N154.77 million.

Fidelity Bank followed with 94.01 million shares worth N220.75 million, while Skye Bank sold 51.65 million shares valued at N25.82 million.

AIICO Insurance accounted for 40.14 million shares worth N20.88 million, while FBN Holdings exchanged 37.94 million shares valued at N340.86 million.

NAN

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