Ahead of the Eid-El-Kabir celebration, transactions on the equity sector of the Nigerian Stock Exchange (NSE), closed on a downward note yesterday, following price losses suffered by virtually all the blue-chip stocks, as market capitalisation dipped by N220billion.

In line with the Federal Government’s declaration of a two-day public holiday to mark the 2018 celebration, the Exchange will be closed down on August 21 and 22.The All Share Index (ASI) shed 602.81 points, representing a loss of 1.71 per cent to close at 37,992.12 points. Similarly, the market capitalisation declined by N220billion to close at N12.655trillion.

The upward trend recorded on Friday, could not be sustained due to investor’s apathy on the market. More so, the market witnessed more sell pressure ahead of the Muslim festival.

The downturn was impacted by losses recorded in medium and large capitalised stocks, amongst which were; Nigerian Breweries, Unilever Nigeria, Guaranty Trust Bank, PZ Cussons, and Zenith Bank.

Analysts at United Capital noted that, “given that the second quarter 2018 earnings season is closing out, we expect geopolitical events and policy changes to impact more on global equity indexes.

“However, in the near term, we expect a stronger economic outlook, and double-digit earnings increases to provide support for rising stock prices in the U.S. markets.
“We also expect the market to remain largely downbeat in the local market due to a continued absence of bullish triggers. Also, we expect investors to take profit during early trades ahead of the holiday.”

Market breadth maintained a negative sentiment to close with 11 gainers to 22 losers. Airline Services and Logistics led the gainers table by 8.99 per cent to close at N4.85 per share. FCMB Groups followed with a gain of 5.88 per cent to close at N1.80, while Regency Insurance appreciated by 4.35 per cent to close at 24kobo per share.

Similarly, Skye Bank went up by 4.17 per cent to close at 50kobo and Lasaco Assurance rose by 3.23 per cent to close at 32kobo per share.On the other hand, UAC Property led the laggards’ table by 8.19 per cent to close at N1.57 per share. Honeywell Flour trailed with a loss of 7.59 per cent to close at N1.46, while Japaul Oil and Maritime Services shed 7.14 per cent to close at 26kobo per share.

PZ Cussons dipped 7.12 per cent to close at N13.05, while United Capital went down 6.62 per cent to close at N2.82 per share.Also, total volume traded declined by 41.09 per cent to 220.5 million shares valued at N3.19billion, exchanged in 3,054 deals.

Transactions in the shares of United Bank for Africa (UBA) topped the activity chart with 42.72 million shares valued at N354.78million. Zenith Bank traded 36.66 million shares worth N34.23million, and Access Bank transacted 32.69 million shares valued at N310.43million.Skye Bank followed with 18.32 million shares worth N9.16million, while FBN Holdings traded 15.58 million shares valued at N151.56million.

http://www.akelicious.net/2018/08/stock-market-investors-lose-n220b-ahead.html

Hmmmnn...

Saraki why naaaaa. You can't be doing this again.

Wetin concern me?

Just share the money and forget about the market...

Meanwhile

Check my signature for cheap Toks Camry 03 @ give away price...

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I think I will revisit the stock market, after leaving it for 10 years, I remember making good money btw 2008 and 2010

I still need more clue how my company can be in stock exchange

G

I dnt undastand 1 shit OP posted. Commercial students koma help me out .

NigerianBae:
I think I will revisit the stock market, after leaving it for 10 years, I remember making good money btw 2008 and 2010

.
How doest it work

Stock news annoys me ,cos all I see is loss...imagine today of all days 220b loss haaa..don't give hbp

let them better improve ooo.

He is back.

I have given my shares in Daar communication and defunct intercontinental bank as TITHE TO THE government. Over 20 years of investment nothing to show.

Buhari why ?

Sai baba

Check my signature for phone deals

NigerianBae:
I think I will revisit the stock market, after leaving it for 10 years, I remember making good money btw 2008 and 2010

as a spectator. During this period you mentioned spectators made much money.

please click the link below https://www.nairaland.com/4681624/please-depressed-soul

agwocomedian:
Wetin concern me?

there's nothing funny about this picture.

Child of the world

Do people still trade stock

khvnggift:
.
How doest it work

Basically, buy low, sell high.

It involves watching the market.

Maket:
as a spectator. During this period you mentioned spectators made much money.

Of course, I wasn't in it for the long term.

I still have over 10 different stocks that I got in 2009 that went below half ot what I paid for it and they are still falling.

My, My, My

It must be night time in Nigeria.
Look at all these Niggers!!

No one could so much as write an intelligent post or ask a thoughtful question about this significant stock market movement. Someone was smart enough to FP it and all you NIGGERS could do is post lame asss, ignorant comments.

Do u not know that the Nigerian stock market is a literal goldmine? Even foreigners are making money out of it. The information that was FPd could get any of you all started on building wealth in the NSE but no one gives 2 kobos about it. Worse, no one is asking.

For those of you who got discouraged because of the losses you recorded in the past, I sympathize with you. I urge you to get an education on basic market economics and security analysis. This will get you started and boost your confidence. Draw lessons and educate yourself instead of giving up.

For instance. This move the OP reported is basically saying that overall stock prices have temporarily dropped. This was because MANY investors sold off some of their holdings at the same time in a trading day. One could conjecture that they needed money ahead of the public holidays, seeing that it happened just a day before the break. What does this mean?? Prices are comparatively lower than before!! The implication here is that- NOW is the time to look for stocks to buy, especially good stocks that were trading higher initially. To accumulate wealth in the Nigerian stock market is an exercise in patience and savvy. You can start with as low as 10k.

Don't blow ur small money on broke and entitled girls.
Don't blow ur small money on useless apparels and accessories.
Don't be a a financial illiterate.
Get an education in Finance. Get smart, Become financially literate and take action.

There are many FREE books online. Google is your friend.

Votukpa:
My, My, My

It must be night time in Nigeria.
Look at all these Niggers!!

No one could so much as write an intelligent post or ask a thoughtful question about this significant stock market movement. Someone was smart enough to FP it and all you NIGGERS could do is post lame asss, ignorant comments.

Do u not know that the Nigerian stock market is a literal goldmine? Even foreigners are making money out of it. The information that was FPd could get any of you all started on building wealth in the NSE but no one gives 2 kobos about it. Worse, no one is asking.

For those of you who got discouraged because of the losses you recorded in the past, I sympathize with you. I urge you to get an education on basic market economics and security analysis. This will get you started and boost your confidence. Draw lessons and educate yourself instead of giving up.

For instance. This move the OP reported is basically saying that overall stock prices have temporarily dropped. This was because MANY investors sold off some of their holdings at the same time in a trading day. One could conjecture that they needed money ahead of the public holidays, seeing that it happened just a day before the break. What does this mean?? Prices are comparatively lower than before!! The implication here is that- NOW is the time to look for stocks to buy, especially good stocks that were trading higher initially. To accumulate wealth in the Nigerian stock market is an exercise in patience and savvy. You can start with as low as 10k.

Don't blow ur small money on broke and entitled girls.
Don't blow ur small money on useless apparels and accessories.
Don't be a a financial illiterate.
Get an education in Finance. Get smart, Become financially literate and take action.

There are many FREE books online. Google is your friend.

Thanks dear. Am so interested.

Maket:
I have given my shares in Daar communication and defunct intercontinental bank as TITHE TO THE government. Over 20 years of investment nothing to show.

Sorry bro/sis

You made wrong stock picks, that's all


Imagine if you picked dangote cement, Gtbank or even zenith

You would not have regretted it

Dollabiz:
Do people still trade stock

Yes of course
If your motives and strategy is right, you would make it in the market

Votukpa:
My, My, My

It must be night time in Nigeria.
Look at all these Niggers!!

No one could so much as write an intelligent post or ask a thoughtful question about this significant stock market movement. Someone was smart enough to FP it and all you NIGGERS could do is post lame asss, ignorant comments.

Do u not know that the Nigerian stock market is a literal goldmine? Even foreigners are making money out of it. The information that was FPd could get any of you all started on building wealth in the NSE but no one gives 2 kobos about it. Worse, no one is asking.

For those of you who got discouraged because of the losses you recorded in the past, I sympathize with you. I urge you to get an education on basic market economics and security analysis. This will get you started and boost your confidence. Draw lessons and educate yourself instead of giving up.

For instance. This move the OP reported is basically saying that overall stock prices have temporarily dropped. This was because MANY investors sold off some of their holdings at the same time in a trading day. One could conjecture that they needed money ahead of the public holidays, seeing that it happened just a day before the break. What does this mean?? Prices are comparatively lower than before!! The implication here is that- NOW is the time to look for stocks to buy, especially good stocks that were trading higher initially. To accumulate wealth in the Nigerian stock market is an exercise in patience and savvy. You can start with as low as 10k.

Don't blow ur small money on broke and entitled girls.
Don't blow ur small money on useless apparels and accessories.
Don't be a a financial illiterate.
Get an education in Finance. Get smart, Become financially literate and take action.

There are many FREE books online. Google is your friend.

no mind them o

btw if you love yourselves, just stay away from the mkt till say dec /jan

That time every damn thing will be on sale

You will get good stock bargains then

just an advice tho

I want to buy shares...
Which ones are available??

I bought nestle in 1996 for #6000 and sold same in 2014 for #500000