The bears maintained dominance at the end of yesterday’s transactions on the equity sector of the Nigerian Stock Exchange (NSE), following price losses incurred by most highly capitalised stocks, as market capitalisation depreciated further by N94 billion.

Specifically, the All-Share Index (ASI) shed 257.62 absolute points, representing a decline of 0.79 per cent to close at 32,454.03 points. Also, the market capitalisation declined by N94 billion to close at N11.848 trillion.

The downturn was impacted by losses recorded in medium and large capitalised stocks, amongst which are; Dangote Cement, Nigerian Breweries, Unilever Nigeria, FBN Holdings, and Access Bank.

Analysts at Cordros Capital said: “Our outlook for equities in the near to medium term remains conservative, in the absence of a near term one-off positive catalyst; and more so, amidst political uncertainty ahead of the upcoming general elections. However, stable macro-economic fundamentals remain supportive of recovery in the long term.”

However, market breadth closed slightly positive, with 15 gainers versus 14 losers. Diamond Bank recorded the highest price gain of 5.08 per cent to close at N1.24 per share. Cutix gained 4.88 per cent to close at N4.30, while Dangote Sugar appreciated by 4.32 per cent to close at N14.50 per share. Lasaco Assurance rose by 3.23 per cent to close at 32 kobo, while Fidelity Bank gained 2.78 per cent to close at N1.85 per share.

On the other hand, Niger Insurance led the losers’ chart by 8.82 per cent, to close at 31 kobo per share. Mutual Benefits Assurance followed with a decline of 7.14 per cent to close at 26 kobo, while Sovereign Trust Insurance depreciated by 4.35 per cent to close at 22 kobo per share. Jaiz Bank declined by 3.85 per cent to close at 50 kobo, and Aiico Insurance also shed 3.75 per cent to close at 77 kobo per share.

The total volume traded depreciated by 25.93 per cent to 136.73 million shares worth N1.43 billion, traded in 2,801 deals.Transactions in the shares of FCMB Group topped the activity chart with 38.38 million shares valued at N65.72 million. United Bank for Africa (UBA) followed with 20.81 million shares worth N172.54 million, while Fidelity Bank traded 19.18 million shares valued at N35.34 million.Access Bank traded 7.9 million shares valued at N64.15 million, while Zenith Bank transacted 6.71 million shares worth N145.77 million.

https://www.akelicious.net/2018/10/nse-indices-extend-losses-by-n94-billion.html

I made it here

Eyah

Has somebody resigned over that collosal loss already?

Hmm

94B no be small money. Where is Abacha look self?

Check my signature is you have BTC wallet

Hj

Stock market still dipping.

If you are tired of loosing vote Buhari out. He brings out the worst in stocks

Richdad50:
If you are tired of loosing vote Buhari out. He brings out the worst in stocks

Another Olodo rabata spotted!
https://www.nairaland.com/4761879/real-olodo-exposed-explicit

Nigerian stock exchange is where you invests and within a twinkle, you lose your investment. Highly volatile, number of times prices fall is more, very low listing, no sweeteners, not many investment varieties, the crux of all this problems is the Nigerian economy majorly focused on oil. Whatsoever lacks fundamental cannot be sustained. The market will adjust itself to the one single dominant commodity(oil).Nigerian stock market is one of the worst in the world. This is my thinking.

cooldipo:
Has somebody resigned over that collosal loss already?

resign?

https://www.youtube.com/watch?v=k0yr50wY2EM

Nigeria Stock Market review for October 3, 2018

Mahn, it's getting really tough oh

chiefolododo:
resign?

dont mind them...they have no idea of this kind of stuff but na dem make the loudest noise....

So People still invest in nse?

ponti93:
So People still invest in nse?

stock exchange is dangerous...you can win big or loose big too...

bantudra:


stock exchange is dangerous...you can win big or loose big too...

stock exchange investment is cool... Bt frm recent news from nse, ours seem so volatile

ponti93:
stock exchange investment is cool... Bt frm recent news from nse, ours seem so volatile

but its hugh...not many nations in the world has such a hugh index....

bantudra:


but its hugh...not many nations in the world has such a hugh index....

ol boy, if u tok dis tin outside, dem go laf u o!
huge bawo?
ordnari mtn dey over quarter d value of d whole NSE, u dey hia dey call huge?!
fish wey dey do oga for pond, e go fear wen e enta river na.
ignorance is dangerous.
as at yesterday, NSE market cap was N11.9 trillion.
and as at sept 4, mtn market valuation was r135 billion; which is N3.343 trillion.
I think it's gone up sef.
Mr man, warn ursef.

debaj10:
ol boy, if u tok dis tin outside, dem go laf u o!
huge bawo?
ordnari mtn dey over quarter d value of d whole NSE, u dey hia dey call huge?!
fish wey dey do oga for pond, e go fear wen e enta river na.
ignorance is dangerous.
as at yesterday, NSE market cap was N11.9 trillion.
and as at sept 4, mtn market valuation was r135 billion; which is N3.343 trillion.
I think it's gone up sef.
Mr man, warn ursef.

am talkin about the index....i dont know what you are talkin about....

bantudra:


am talkin about the index....i dont know what you are talkin about....

wish kyn tin b dis na...
ok, lemme esplain 4 u.

ur whole index is worth 11.9t, is dat clear?

debaj10:
wish kyn tin b dis na...
ok, lemme esplain 4 u.

ur whole index is worth 11.9t, is dat clear?

chai....okay okay.....and that of china.....??

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Any government issued ID or just PVC?

sonnie10:


Any government issued ID or just PVC?

any

This blood letting will continue for a while

its so so sad

wisdom4today:
Wow. Too bad.

However, only those who trade short term will be affected or loss money.

From my experience, invest in stocks for long term, not short term. That's how to make it.

Also, diversification is key when it come to investment.

Try to diversify with mutual funds, money market and treasury bills and bonds.

See HOW TO DIVERSIFY YOUR INVESTMENTS.

you are wise