Stats: 3,165,346 members, 7,860,889 topics. Date: Friday, 14 June 2024 at 06:10 PM |
Nairaland Forum / Nairaland / General / Business / Equity Market: Dangote Cement, Zenith Bank & 28 Others Drag Market To 0.90% Loss (268 Views)
Anambra Relocates Onitsha Head Bridge Drug Market To Oba / Thousands Of People Wait For Onitsha Main Market To Open (Photos) / Dangote Cement Obajana Hit By Fire Disaster (2) (3) (4)
(1) (Reply)
Equity Market: Dangote Cement, Zenith Bank & 28 Others Drag Market To 0.90% Loss by postbox: 9:19am On Jul 04, 2018 |
The equity market closed negative today as Dangote Cement, Zenith Bank and 28 other dragged the market to shed 0.90%. Market breadth closed negative, recording 13 gainers against 30 losers. In summary, the All Share Index (ASI) decreased by 341.80 absolute points, representing a dip of 0.90% to close at 37,605.12 points. Similarly, the market capitalization was down by N123.81 billion, representing a dip of 0.90% to close at N13.22 trillion. The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; FIDELITY (-5.91%), CADBURY (-5.38%), HONEYFLOUR (-5.31%), MOBIL (-4.95%), NESTLE (-4.13%), WAPCO (-3.66%), DANGSUGAR (-2.63%), ZENITH (-2.44%), OANDO (-2.27%), FO (-2.19%), UBA (-1.52%), GUARANTY (-1.00%), DANGFLOUR (-0.99) and DANGCEM (-0.58%). FOREIGN EXCHANGE The Naira at the inter-bank closed at N305.70, representing a 0.02% appreciation against yesterday’s closing price. The Investors and Exporters (I&E) FX window opened at N361.40, traded high at N363.00 and eventually closed at N361.28, representing a 0.03% appreciation against yesterday’s closing price. A total of $198.30 million was transacted through the I&E window today. We expect the FX Market to trade within existing range in the next session. MONEY MARKET O/N rate closed at 20.08%, representing a 12.42% depreciation against yesterday’s closing position, while OBB rate closed at 19.33% representing a 10.67% depreciation against yesterday’s closing position. We expect the Money Market to trade within existing range in the next session. SOURCE: https://brandspurng.com/equity-market-summary-dangote-cement-zenith-bank-28-others-drag-market-to-0-90-loss/
|
(1) (Reply)
How Email Marketing Can Help You Grow Your Business / 300 Aluminium Bank Boxes Scrap For Sale / Earn Money Now: Affiliate Marketing Is Real.
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 8 |