₦airaland Forum

Welcome, Guest: Join Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,281,738 members, 5,002,758 topics. Date: Wednesday, 26 June 2019 at 05:19 PM

Nigerian Stock Market Investors Lose N136.88 Billion In Five Days - Investment - Nairaland

Nairaland Forum / Nairaland / General / Investment / Nigerian Stock Market Investors Lose N136.88 Billion In Five Days (5435 Views)

Election Result: Nigerian Stock Market Loses N85 Billion In 6 Hours / Investors Lose $190m As Owner Of Cryptocurrency Company Dies With Passwords / Nigerian Stock Market Investors Gain N175b (2) (3) (4)

(1) (2) (Reply) (Go Down)

Nigerian Stock Market Investors Lose N136.88 Billion In Five Days by MyVc: 9:11pm On May 10
The Nigerian stock market closed Friday's tradings bearish. The exchange market traded negatively throughput the week as key market indices continue tanking.

The All Share-Index (ASI) fell by 0.17% in today's tradings compared to 0.24% decline recorded the preceding day. Year-to-Date the ASI was down by 8.24%.

The market capitalization closed at N10.842 trillion as compared to N10.860 trillion the previous day. Nigerian stock market investors lost N18.21 billion in today's tradings as sell-off persists. Weak-on-Weak the equity capitalization went down by N136.88 trillion.

Sovereign Trust Insurance Plc was the best-performed stock for the day. The stock appreciated by 8.70% to close at 25 Kobo. NEM Insurance Plc went up by 7.76% to close at N2.50. Prestige Assurance Plc gained 6.38% to close at 50 Kobo.

Stanbic IBTC Bank Plc was up by 5.26% to close at N46. Royal Exchange Plc completes the top five gainers chart. ABC Transport Plc was the worst-performed stock for the day. The stock declined by 10% to close at 27 Kobo.  Seplat Petroleum Plc went down by 9.98% to close at N522.

Africa Prudential Plc shed 9.92% to close at N3.54 Kobo. Veritas Kapital Assurance Plc and Chams Plc declined by 9.09% to close at 20 Kobo and 40 Kobo respectively.

Sovereign Trust Insurance Plc was the top traded stock by volume for the day. The company sold 44.5 million units valued at N11.1 million. Sterling Bank transacted N24.7 million units valued at N65.7 million.

Access Bank sold 20.9 million units worth N147.4 million. Zenith Bank led the top traded stock by value for the day. The lender's traded 16.6 million units worth N332.8 million. 

Transnational Corp of Nigeria Plc completes the top five traded stock for the day. The company sold 16.3 million shares valued at N18.3 million.

Source:https://businesshournigeria.com/nigerian-stock-m…ion-in-five-days/

Re: Nigerian Stock Market Investors Lose N136.88 Billion In Five Days by SouthSouth1914: 8:11am On May 11
Volatility in the market and unsustainable policies can be the cause of this. Hopefully the market will bounce back soon.

1 Like

Re: Nigerian Stock Market Investors Lose N136.88 Billion In Five Days by Firstorderwizard(m): 8:11am On May 11
Next level

16 Likes 1 Share

Re: Nigerian Stock Market Investors Lose N136.88 Billion In Five Days by ken6488(m): 8:11am On May 11
cry
Re: Nigerian Stock Market Investors Lose N136.88 Billion In Five Days by Pipapi1: 8:11am On May 11
I need a web designer to help develop websites for the following:
1. Children playground facilities for visit or hire
2. E-commerce website similar to Jumia but specific to providing services with few goods/materials.

Send your proposals or contacts details to la_bahiq@yahoo.com
Re: Nigerian Stock Market Investors Lose N136.88 Billion In Five Days by adewest1999: 8:11am On May 11
I just tire for this country ah swear......

Good news scarce pass nokia3310 charger
Re: Nigerian Stock Market Investors Lose N136.88 Billion In Five Days by truefact: 8:11am On May 11
Next level
Re: Nigerian Stock Market Investors Lose N136.88 Billion In Five Days by EnglishUsa: 8:12am On May 11
W
Re: Nigerian Stock Market Investors Lose N136.88 Billion In Five Days by Daniel058(m): 8:12am On May 11
FOREX! Well that's about 480 million dollars. It's nothing compared to what Facebook lost last year. kiss



I don't know how bond works, please someone educate me.. Na beg I dey oo

1 Like

Re: Nigerian Stock Market Investors Lose N136.88 Billion In Five Days by grandstar(m): 8:13am On May 11
The total worth of the stock market in a country of 201m people is only $30b. This is a disgrace.

To put this into context, Facebook which is worth 5550b can buy our stock market with only 6% of their shares. This is a company barely 15year old.

The 50th largest US company is Texas Instruments and it's valued at $109.56b.

23 Likes 4 Shares

Re: Nigerian Stock Market Investors Lose N136.88 Billion In Five Days by eagleeye2: 8:13am On May 11
If you still be novice, abeg stay out of the stock market for now. there are other investment vehicles.

3 Likes 1 Share

Re: Nigerian Stock Market Investors Lose N136.88 Billion In Five Days by ogawisdom(m): 8:14am On May 11
Lol

Nigerian stock market is an upgraded MMM grin

They have not seem anything until Buhari loads his next level angry

Avoid stock market bc u will get burnt easily it's built on speculation

1 Like

Re: Nigerian Stock Market Investors Lose N136.88 Billion In Five Days by zabuur: 8:14am On May 11
Lll
Re: Nigerian Stock Market Investors Lose N136.88 Billion In Five Days by baba4thegehs: 8:15am On May 11
Not real money o.

A share drops price doesn't mean it won't go up again.

It's volatile.

2 Likes

Re: Nigerian Stock Market Investors Lose N136.88 Billion In Five Days by fineboynl: 8:15am On May 11
Pipapi1:
I need a web designer to help develop websites for the following:
1. Children playground facilities for visit or hire
2. E-commerce website similar to Jumia but specific to providing services with few goods/materials.

Send your proposals or contacts details to la_bahiq@yahoo.com
I can be of service
Re: Nigerian Stock Market Investors Lose N136.88 Billion In Five Days by hartoyebi38: 8:15am On May 11
Ok

visit www.oluty.com to sell to all countries without a physical store and earn in dollars
email: support@oluty.com
Re: Nigerian Stock Market Investors Lose N136.88 Billion In Five Days by fineboynl: 8:17am On May 11
grandstar:
The total worth of the stock market in a country of 201m people is only $30b is a disgrace
people don't venture in there. because no one trust the Nigeria stock. second they have been caught severally for raising false figure t lure Nigeria investors who many of them got burnt at a session.
Re: Nigerian Stock Market Investors Lose N136.88 Billion In Five Days by Wiseandtrue(f): 8:18am On May 11
Does Buhari know anything about stock

He cannot give what he does not have!

Keep investing your money

Currently under this regime, the economy is like MMM

1 Like

Re: Nigerian Stock Market Investors Lose N136.88 Billion In Five Days by Daniel058(m): 8:19am On May 11
grandstar:
The total worth of the stock market in a country of 201m people is only $30b is a disgrace

Imagine oo grin

But that's OK .. Even Facebook is richer than Nigeria grin

Are you FX trader?
Re: Nigerian Stock Market Investors Lose N136.88 Billion In Five Days by AgamaProf: 8:20am On May 11
The usual trend....expect more of this. Economy that lacks fundamentals
Re: Nigerian Stock Market Investors Lose N136.88 Billion In Five Days by kaen1317: 8:23am On May 11
I have vowed never to buy shares again.
Re: Nigerian Stock Market Investors Lose N136.88 Billion In Five Days by grandstar(m): 8:27am On May 11
Daniel058:


Imagine oo grin

But that's OK .. Even Facebook is richer than Nigeria grin

Are you FX trader?
No

2 Likes

Re: Nigerian Stock Market Investors Lose N136.88 Billion In Five Days by Acidosis(m): 8:31am On May 11
grandstar:
The total worth of the stock market in a country of 201m people is only $30b. This is a disgrace.

To put this into context, Facebook which is worth 5550b can buy our stock market with only 6% of their shares. This is a company barely 15year old.

The 50th largest US company is Texas Instruments and it's valued at $109.56b.



Lol, our oyel money is working grin
Re: Nigerian Stock Market Investors Lose N136.88 Billion In Five Days by Curlieweed: 8:31am On May 11
So people still dey invest for NSE.

Anyway, mumu no dey finish. Sold my entire stock as soon as Mumuharri won the selection in 2015. I haven’t even glanced there since.

2 Likes

Re: Nigerian Stock Market Investors Lose N136.88 Billion In Five Days by tensazangetsu20(m): 8:34am On May 11
grandstar:
The total worth of the stock market in a country of 201m people is only $30b. This is a disgrace.

To put this into context, Facebook which is worth 5550b can buy our stock market with only 6% of their shares. This is a company barely 15year old.

The 50th largest US company is Texas Instruments and it's valued at $109.56b.


What's with Nigerians and always comparing Nigeria to the USA. Nigeria will never be like the USA not even in a thousand years to come. Compare Nigeria to other African countries. Aside South Africa and Egypt down here in Africa, which country has a stock market as large as Nigeria? Some countries even have none.

3 Likes 1 Share

Re: Nigerian Stock Market Investors Lose N136.88 Billion In Five Days by millionboi2: 8:41am On May 11
I witnessed it too


USD of a currency is a hook
Re: Nigerian Stock Market Investors Lose N136.88 Billion In Five Days by millionboi2: 8:44am On May 11
fineboynl:
people don't venture in there. because no one trust the Nigeria stock. second they have been caught severally for raising false figure t lure Nigeria investors who many of them got burnt at a session.
You are very right abt d raising of false figure, even international brokers do it,and datz why I limit myself to high volatile currency only.........d truth is dat most of this currencies can b easily manipulated(eur/USD is d chief),so I stick to few.



this week own ah

Eur/USD trickshily spike up,after accumulating so many bearish open order,along with it's counter currency USD/chf.....it was a nightmare.
It stood at a spot for more than 24hrs while others were all in bearish tread and even it's counter currencies we're all bullish and thus attracted too many traders if not all attention,as some even increased dia lot after dat,it spiked up.
Re: Nigerian Stock Market Investors Lose N136.88 Billion In Five Days by Acidosis(m): 8:58am On May 11
tensazangetsu20:

What's with Nigerians and always comparing Nigeria to the USA. Nigeria will never be like the USA not even in a thousand years to come. Compare Nigeria to other African countries. Aside South Africa and Egypt down here in Africa, which country has a stock market as large as Nigeria? Some countries even have none.

We will compare Nigeria with any country your politicians run to for healthcare and real estate looting.

1 Like

Re: Nigerian Stock Market Investors Lose N136.88 Billion In Five Days by vaxx2: 9:00am On May 11
grandstar:
The total worth of the stock market in a country of 201m people is only $30b. This is a disgrace.

To put this into context, Facebook which is worth 5550b can buy our stock market with only 6% of their shares. This is a company barely 15year old.

The 50th largest US company is Texas Instruments and it's valued at $109.56b.


Facebook even rake more revenue than oil producing Nigeria annually.
Re: Nigerian Stock Market Investors Lose N136.88 Billion In Five Days by Nobody: 9:01am On May 11
Huh shocked.......All in on crypto........never believed in the Nigeria stocks anyways;a lot of manipulations, falsifications and wash trading always going and the regulators always do nothing abt it....

1 Like

Re: Nigerian Stock Market Investors Lose N136.88 Billion In Five Days by vaxx2: 9:06am On May 11
tensazangetsu20:

What's with Nigerians and always comparing Nigeria to the USA. Nigeria will never be like the USA not even in a thousand years to come. Compare Nigeria to other African countries. Aside South Africa and Egypt down here in Africa, which country has a stock market as large as Nigeria? Some countries even have none.
There is a different between having a large stocks and a productive one. NIGERIA stock is big bsse on market capitalization but not on high long investment goal.
Re: Nigerian Stock Market Investors Lose N136.88 Billion In Five Days by millionboi2: 9:10am On May 11
Totogokillme:
Huh shocked.......All in on crypto........never believed in the Nigeria stocks anyways;a lot of manipulations, falsifications and wash trading always going and the regulators always do nothing abt it....
this week own ah

Eur/USD trickshily spike up,after accumulating so many bearish open order,along with it's counter currency USD/chf.....it was a nightmare.
It stood at a spot for more than 24hrs while others were all in bearish tread and even it's counter currencies we're all bullish and thus attracted too many traders if not all attention,as some even increased dia lot size after dat,it spiked up.

(1) (2) (Reply)

Ease Of Doing Business: How Mdas Are Frustrating Investors / MMM Nigeria Issues New Directive For The Christmas Period / Mmm Is The Real Deal Today

(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: (0) (1) (2) (3) (4) (5) (6) (7) (8) (9)

Nairaland - Copyright © 2005 - 2019 Oluwaseun Osewa. All rights reserved. See How To Advertise. 112
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.