NIGERIAN STOCKS DIP BY 0.90%
source : http://www.eyesoflagos.com/2017/08/nigerian-stocks-dip-by-090.html


The Nigerian stock market closed yesterday to open for the new week on a negative note with a decline of 0.90 per cent.
According to Eyes Of Lagos reports, In summary, the All Share Index (ASI) shed 329.15 absolute points, representing a loss of 0.90 per cent to close at 36,317.31 points. Similarly, the market capitalisation dropped by N113 billion, to close at N12.518 trillion.
The downturn was impacted by losses recorded in medium and large capitalised stocks, amongst which are; Mobil, Guiness, Guaranty Trust Bank, Flourmills, Nigerian Breweries, Access Bank, Zenith Bank, UBA, Dangote Cement and FBN Holdings.
Analysts at Afrinvest noted that, “Given the extended sell pressure on the Bourse over the past two weeks, we expect to see some bargain hunting by investors in early trades of this week.
“We maintain our positive medium term view for equities, on the back of positive forward earnings and increase in valuation multiples.”
Market breadth was negative, with nine gainers versus 30 losers. Total recorded the highest price gain of 9.09 per cent, to close at N236.50. Airline Services followed with a gain of 4.99 per cent, to close at N5.68, while Cutix appreciated by 4.98 per cent to close at N2.11 per share.
Vitafoam appreciated by 4.49 per cent to close at N2.79, while Continental Reinsurance went up by 3.88 per cent to close at N1.34 per share.
On the other hand, Mobil and Transnational Express led the losers’ chart by five per cent, each to close at N182.93 and seven six kobo, respectively, while Conoil followed with a decline of 4.71 per cent, to close at N27.70 per share.
Champion Breweries depreciated by 4.49 per cent to close at N2.34 and Livestock declined by 4.26 per cent to close at 90 kobo per share.
Also, the total volume traded decreased by 17.6 per cent to 348.11 million shares, worth N2.98 billion, and traded in 3,276 deals. Transactions in the shares of Costodian and Allied Insurance topped the activity chart with 190.56 million shares valued at N647.9 million. Oando followed with 27.37 million shares worth N185.37 million, while Access Bank traded 14.95 million shares valued at N151.53 million.
Fidelity Bank traded 14.44 million shares valued at N19.51 million, while Sterling Bank sold 11.41 million shares worth N11.63 million.

And so

Wait,


lemme bring my calculator

What are we expecting?

not too bad

Where are all those shouting Buhari to resume, you have seen what you have caused. Buhari has negetive frequencies, failure follows him anywhere he goes.

https://www.youtube.com/watch?v=PXAIj6FViFg

Na wa o!

Don't worry Mr. Buhari will come soon raise it up by 5%. Right now his is busy chasing one big stubborn rat.
CC @GenBuhari

See billions everywhere

We are coming up gradually

Why two on the front page

buhari is back, so investors have started playing the waiting game. Everyone is now waiting for the stocks to lose value.

Buhari is back.... Body Language in its peak, hallmarked with falling economic indices.

the nigger is back

me no dey understand ooo

when the stock market lacks depth and breath, inactivity in the bond markets, low confidence in the market, few market makers, and the essence of trading is characterised by buy-hold syndrome,the stock prices will never do well

Buhari is cursed

were ar our ECONOMIC team

Double Posts

welcome home Buhari.

on my way from the market last week tuesday when i met with two women discussing.
they were like :
first woman: i heard Buhari is back.
second woman: yes o my sister, that's what i heard; infact am going to the market to know how much garri will sell this week.

j

Either stock or stuck. My own is that when are going to be collecting our salaries wey presido promise us. Buhari always keep his words and he happen to be the best president so far. If u don't agree with me, then come and beat me. I dey my house

Quick Read: IMPACT OF THE GLOBAL FINANCIAL CRISIS ON THE NIGERIAN CAPITAL MARKET AND THE REFORMS

What thrives in Nigerian stock exchange is inside trading.

Franco93:
Where are all those shouting Buhari to resume, you have seen what you have caused. Buhari has negetive frequencies, failure follows him anywhere he goes,

Am sorry to say this but i totally agree with you on this one.

For your Businesss idea, and management,
job-tips, available loans and important of
insurance check
my signature.