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Stock Market Loses N12 Billion - Investment - Nairaland

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Nigerian Stock Market Investors Lose N11.52bn In Five Days / Nigerian Stock Market Investors Lose N136.88 Billion In Five Days / Election Result: Nigerian Stock Market Loses N85 Billion In 6 Hours (2) (3) (4)

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Stock Market Loses N12 Billion by opportunes: 5:32am On Dec 06, 2019
Losses in ACCESS (-2.7%), FBNH (-2.2%) and GUARANTY (-9.1%) have seen market capitalisation fell N12.0bn to N12.9trn at the close of trading on the floor of the Nigerian Stock Exchange (NSE) yesterday. Consequently, the development dragged the All-Share Index (ASI) down 9bps to 26,913.70 points while year to date (YTD) loss worsened to -14.4%.

Activity level strengthened as volume and value traded rose 83.1% and 164.2% to 206.7m units and N2.8bn respectively. The top traded stocks by volume were UACN (40.2m units), ACCESS (28.3m units) and GUARANTY (27.7m units) while GUARANTY (N837.7m), ZENITH (N484.6m) and NIGERIAN BREWERIES (N435.3m) led the value chart. Sector performance was bearish as 3 of 6 indices closed negative while the AFR-ICT index remained flat. The Consumer and Industrial Goods indices gained 3.8% and 1bps respectively, following buying interest in DANGSUGAR (+5.9%), NIGERIAN BREWERIES (+9.2%) and CUTIX (+4.1%). Conversely, sell pressures in MANSARD (-8.3%), WAPIC (-7.7%) and LAWUNION (-7.7%) dragged the Insurance index down 2.5%. Likewise, the Banking and Oil & Gas indices closed southward, down 70bps and 3bps respectively, due to declines in ACCESS (-2.7%), FBNH (-2.2%), GUARANTY (-9.1%) and OANDO (-0.3%). Investor sentiment as measured by market breadth (advance/decline ratio) declined to 0.4x from 1.2x recorded from the previous trading session as 8 stocks advanced against 19 decliners. The best performing stocks were CHAMS (+9.9%), UNIONDAC (+9.2%) and DANGSUGAR (+8.6%) while CORNERSTONE (-9.1%), MEDVIEWAIR (-8.7%) and ARBICO (-8.5%) led the laggards.

Analysts at Afrinvest said: “We expect the bearish performance to be sustained in the near term, barring the occurrence of a major catalyst in the market.”

Read more: https://www.dailytrust.com.ng/stock-market-loses-n12bn.html

1 Share

Re: Stock Market Loses N12 Billion by minasota(f): 7:16am On Dec 06, 2019
Just because of Buhari's bad government policies......

28 Likes

Re: Stock Market Loses N12 Billion by ybalogs(m): 7:16am On Dec 06, 2019
Hmmmm

1 Like

Re: Stock Market Loses N12 Billion by jbrusgy: 7:17am On Dec 06, 2019
Sad News

1 Like

Re: Stock Market Loses N12 Billion by jazinogold(m): 7:17am On Dec 06, 2019
angry
Re: Stock Market Loses N12 Billion by dayveed1(m): 7:17am On Dec 06, 2019
Uhmmm
Re: Stock Market Loses N12 Billion by swankmee(f): 7:17am On Dec 06, 2019
Goodness!

1 Like

Re: Stock Market Loses N12 Billion by ybalogs(m): 7:17am On Dec 06, 2019
All these money you're calling upanda when we never see 100 Naira. Diaris Godduooo

6 Likes

Re: Stock Market Loses N12 Billion by Nobody: 7:17am On Dec 06, 2019
minasota:
Just because of Buhari's bad government policies......

Not Buhari's fault. The information there simply shows that it is better to invest in First Bank holdings than Guarantee Trust Bank.
It is also prudent to invest in Chams and Dangsugar.
If Nigeria was a serious country, Nairaland, Innoson would have been the best performing stock while Air peace' stock should have been best in Late October and early November and fallen in Late November.

10 Likes

Re: Stock Market Loses N12 Billion by MANNABBQGRILLS: 7:17am On Dec 06, 2019
Analysts at Afrinvest said: “We expect the bearish performance to be sustained in the near term, barring the occurrence of a major catalyst in the market.”
The Stock Market is all about UPS AND DOWNS.
The faint hearted people should not go near it.
You have been warned.

emoney2012:
You lack understanding.. We take advantage of both sides... Bearish or bullish
Let them know, correct investor.
All these kids commenting on this thread typing rubbish never even bought shares anytime in their life prior now.
All they are after is reading about negative news.

10 Likes 3 Shares

Re: Stock Market Loses N12 Billion by ybalogs(m): 7:18am On Dec 06, 2019
Nah the reason why everything cost?
Re: Stock Market Loses N12 Billion by UnitedNigeriaUN: 7:18am On Dec 06, 2019
With great innovations put in place, we can always bounce back.
Re: Stock Market Loses N12 Billion by DeeFlask(m): 7:18am On Dec 06, 2019
Forex traders how market
Re: Stock Market Loses N12 Billion by Johnsonbet365(m): 7:19am On Dec 06, 2019
waiting for my Oga @ the Top to say it's lie grin
Re: Stock Market Loses N12 Billion by MANNABBQGRILLS: 7:19am On Dec 06, 2019
DeeFlask:
Forex traders how market
Market dey very good Oga Dee.
We will bounce back in few weeks.
That is how we roll.


Pointguardusa:
I can prove to you that Buhari is unintelligent, lacks love for all Nigerians and is an enemy of rule of law.
We have been seeing your couple of mentions in recent times Mr Point guard, but we don't need to indulge with you so much.
This sane and positive Nigerian below has the perfect response for you.
He made it easier for us.
Hope you can shove your self-inflicted misery to wherever it belongs now boy?

hopexter:
Everything wrong with your country is Buhari..lol


Pointguardusa:
I'm don't like Buhari at all ........
No wonder........and you are here quoting MANNA?!
Gerrerehere kiddo!

5 Likes 3 Shares

Re: Stock Market Loses N12 Billion by ybalogs(m): 7:21am On Dec 06, 2019
Prophet Muhammad (PBUH) said: “Whoever plants trees, God will give him reward to the extent of their fruit.” (Musnad, Vol 5, Hadith No. 415).

3 Likes

Re: Stock Market Loses N12 Billion by qanda: 7:21am On Dec 06, 2019
Choi
Re: Stock Market Loses N12 Billion by okosodo: 7:22am On Dec 06, 2019
Beeron:
It will rebound before the the second quarter of next year, this is normal due to the festive period.CLICK on my username to view the latest CHEAP Benz on sale.
and you think it is as easy as that
Re: Stock Market Loses N12 Billion by ImpregnaTor(m): 7:22am On Dec 06, 2019
there own loss, nothing concern aboki man figures
Re: Stock Market Loses N12 Billion by Nobody: 7:23am On Dec 06, 2019
That's really bad. Banks incuring losses although they actually make a lot of profit. Tbh banks in Nigeria rob their customers because the laws let them.

I could explain how if you want.
Re: Stock Market Loses N12 Billion by ednut1(m): 7:24am On Dec 06, 2019
Better to play bet than this
Re: Stock Market Loses N12 Billion by H2ho(m): 7:25am On Dec 06, 2019
Tbills they say smiley
Re: Stock Market Loses N12 Billion by Nobody: 7:25am On Dec 06, 2019
J
Re: Stock Market Loses N12 Billion by Marvieduke(f): 7:26am On Dec 06, 2019
What do we expect when border is been closed for crying out loud
Re: Stock Market Loses N12 Billion by Nobody: 7:27am On Dec 06, 2019
MANNABBQGRILLS:

Market dey very good Oga Dee.
We will bounce back in few weeks.
That is how we roll.


I can prove to you that Buhari is unintelligent, lacks love for all Nigerians and is an enemy of rule of law.

6 Likes

Re: Stock Market Loses N12 Billion by centilad(m): 7:28am On Dec 06, 2019
No be small thing.
Everybody's now watching..

Re: Stock Market Loses N12 Billion by hopexter(m): 7:28am On Dec 06, 2019
minasota:
Just because of Buhari's bad government policies......

Everything wrong with your country is Buhari..lol

1 Like

Re: Stock Market Loses N12 Billion by realstars: 7:28am On Dec 06, 2019
Bad situation

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