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Nigeria’s Stock Market Closes For Christmas With N2bn Loss - Investment - Nairaland

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Nigeria’s Stock Market Closes For Christmas With N2bn Loss by Doraty1(f): 6:04pm On Dec 24, 2020
Nigerian Stock Exchange (NSE) on Thursday reversed its uptrend, dropping by N2 billion ahead of the Christmas celebration.

Specifically, the market capitalization which opened at N20.281 trillion lost two billion naira to close at N20.279 trillion.

Similarly, the All-Share Index shed 3.73 points or 0.01 percent to close at 38,800.01 from 38,803.74 recorded on Wednesday.

The downturn was impacted by losses recorded in medium and large capitalised stocks, amongst which are; Lafarge Africa, Guaranty Trust Bank, Champion Breweries, United Bank for Africa and May & Baker.

Champion Breweries led the losers’ chart in percentage terms, losing 7.87 percent, to close at 82k per share.

Lafarge Africa followed with 4.76 percent to close at N21, while Jaiz Bank dipped 4.76 percent to close at 60k per share.

AIICO Insurance lost 3.08 per cent to close at N1.26, while May & Baker shed 1.33 per cent to close at N3.70 per share.

On the other hand, FTN Cocoa Processors dominated the gainers’ chart in percentage terms, gaining 9.88 percent to close at 89k per share.

Lasaco Assurance came second with 9.68 percent to close at 34k, while Skyway Aviation Handling Company rose by 9.22 percent to close at N3.20 per share.

Japaul Gold and Ventures improved by 9.09 percent to close at 48k, while Oando appreciated by 8.66 per cent to close at N3.64 per share.

Also, the total volume of shares traded decreased by 73.95 per cent with an exchange of 389.72 million shares worth N7.97 billion in 2,925 deals.

This was against a total of 1.49 billion shares valued at N18.75 billion transacted in 4,316 deals on Wednesday.

Transactions in the shares of Zenith Bank topped the activity chart with 84.43 million shares worth N2.13 billion.

Guaranty Trust Bank sold 59.18 million shares valued at N1.94 billion, while Flour Mills traded 56.16 million shares worth N1.57 billion.

Lafarge Africa traded 26.08 million shares valued at N556.89 million, while Lasaco Assurance transacted 22.99 million shares worth N7.29 million.

The market closed until Dec. 29 following public holidays declared by the Federal Government on Dec. 25 and Dec. 28, to mark Christmas and Boxing Day celebrations.

https://www.pmnewsnigeria.com/2020/12/24/nigerias-stock-market-closes-for-christmas-with-n2bn-loss/

2 Likes 1 Share

Re: Nigeria’s Stock Market Closes For Christmas With N2bn Loss by DuBLINGreenb(m): 6:11pm On Dec 24, 2020
If I had said give me that urgent 2 billion shebi Una for no gimme na e done lose Una never rest?

32 Likes 1 Share

Re: Nigeria’s Stock Market Closes For Christmas With N2bn Loss by Dexterfire: 6:24pm On Dec 24, 2020
Lmao grin grin

1 Like

Re: Nigeria’s Stock Market Closes For Christmas With N2bn Loss by Stevengold(m): 6:24pm On Dec 24, 2020
grin una sure say no be MBA forex money loss so shocked

17 Likes

Re: Nigeria’s Stock Market Closes For Christmas With N2bn Loss by Miracle4Sure: 6:24pm On Dec 24, 2020
Choii shocked
Re: Nigeria’s Stock Market Closes For Christmas With N2bn Loss by HigherEd: 6:24pm On Dec 24, 2020
Naija stock market lol
Re: Nigeria’s Stock Market Closes For Christmas With N2bn Loss by IgiveLadiesBj: 6:24pm On Dec 24, 2020
RIP NSE grin grin
Re: Nigeria’s Stock Market Closes For Christmas With N2bn Loss by weblord1900: 6:24pm On Dec 24, 2020
Stock shoes or stock fish, which stock are we talking about here.? grin

5 Likes

Re: Nigeria’s Stock Market Closes For Christmas With N2bn Loss by MANNABBQGRILLS: 6:25pm On Dec 24, 2020
It will surely rise again.

3 Likes 2 Shares

Re: Nigeria’s Stock Market Closes For Christmas With N2bn Loss by GIANTPLUSHUB: 6:25pm On Dec 24, 2020
Loss everywhere! Stock market sef cannot close the xmas with good news. I hope next year has a lot of gains in stock for stock market.
Re: Nigeria’s Stock Market Closes For Christmas With N2bn Loss by money121(m): 6:25pm On Dec 24, 2020
Ok
Re: Nigeria’s Stock Market Closes For Christmas With N2bn Loss by CrazyCrane(f): 6:25pm On Dec 24, 2020
Re: Nigeria’s Stock Market Closes For Christmas With N2bn Loss by humilitypays(m): 6:25pm On Dec 24, 2020
Church Agbasaaa cheesy cheesy cheesy


Boomharri come and carry your Nigeria oh grin grin

8 Likes

Re: Nigeria’s Stock Market Closes For Christmas With N2bn Loss by Generalwoodz(m): 6:25pm On Dec 24, 2020
Merry Christmas Nairalanders...I hope you have a safe and relaxing holiday season. loss shall NEVER be your portion in the name of Jesus.

I wish you and your family a beautiful Christmas celebration!

Forget about the stock market loss and celebrate the birth of our Messiah!

Cos stock market no dey affect heaven department.

3 Likes

Re: Nigeria’s Stock Market Closes For Christmas With N2bn Loss by NaijaOlosho(f): 6:27pm On Dec 24, 2020
Buhari is a disaster

Buhari is a bad luck

Buhari is a natural disaster from birth

Anything he touches dies.

Tinubu is a bullion van thief

Thiefnubu can't be president in 2023

15 Likes

Re: Nigeria’s Stock Market Closes For Christmas With N2bn Loss by gurunlocker: 6:27pm On Dec 24, 2020
Omo this year be things o



Nothing is working..... We are all just surviving!!!

1 Like

Re: Nigeria’s Stock Market Closes For Christmas With N2bn Loss by lekki1444: 6:27pm On Dec 24, 2020
shocked
Re: Nigeria’s Stock Market Closes For Christmas With N2bn Loss by Nobody: 6:28pm On Dec 24, 2020
not surprised

nothing will ever get better with this dullard

and the vulture griller is already giving false hope that it will rose again

rise kee you there

2 Likes 1 Share

Re: Nigeria’s Stock Market Closes For Christmas With N2bn Loss by TheGift: 6:28pm On Dec 24, 2020

1 Like

Re: Nigeria’s Stock Market Closes For Christmas With N2bn Loss by Fibonacci88: 6:28pm On Dec 24, 2020
It's normal at this time of the year lots of portfolio investors are liquidating thier positions. Investment houses and hedge funds are taking profit. Coupled with the uncertainty surrounding the second waive of covid19 no one is expecting the stock market to be bullish.

4 Likes

Re: Nigeria’s Stock Market Closes For Christmas With N2bn Loss by Xcelinteriors(f): 6:28pm On Dec 24, 2020
It is well
Re: Nigeria’s Stock Market Closes For Christmas With N2bn Loss by 2cribz: 6:28pm On Dec 24, 2020
Which useless naija stock market.wey dem dey siddon,dey sleep on top system. Nonsense.

8 Likes

Re: Nigeria’s Stock Market Closes For Christmas With N2bn Loss by Mokason288(m): 6:29pm On Dec 24, 2020
If only man could see the future.

I feel so ashamed if I remember I campaigned for Buhari 2015

Although I know Covid contributed to the loss but what has this government been doing with all the money it borrowed?

No body hears about MAGU this days


I HOPE I MADE SENSE

2 Likes

Re: Nigeria’s Stock Market Closes For Christmas With N2bn Loss by MOSICATED5(m): 6:29pm On Dec 24, 2020
Since Buhari gave to power seem suddenly there's no goodnews coming outa Naija
Re: Nigeria’s Stock Market Closes For Christmas With N2bn Loss by Triangles1(m): 6:29pm On Dec 24, 2020
Stock Fish or Market

1 Like

Re: Nigeria’s Stock Market Closes For Christmas With N2bn Loss by Orubebe01: 6:29pm On Dec 24, 2020
Buhari's body odour is very very odoriferious tongue
Re: Nigeria’s Stock Market Closes For Christmas With N2bn Loss by Nobody: 6:30pm On Dec 24, 2020
Insecurity plus the free fall of the naira is just making things extra hard for investors. Mtchew.
Who will ask for my akant number?
Re: Nigeria’s Stock Market Closes For Christmas With N2bn Loss by cassyrooy(m): 6:32pm On Dec 24, 2020
Loss that came from people cashing out because of Christmas.

The economy will rebound in January.

4 Likes

Re: Nigeria’s Stock Market Closes For Christmas With N2bn Loss by MasterRahl(m): 6:33pm On Dec 24, 2020
angry

The Nigerian Stock Market and it's many problems .

Let's see how 2021 will go.
Re: Nigeria’s Stock Market Closes For Christmas With N2bn Loss by Godpikin4real(f): 6:33pm On Dec 24, 2020
Awwwwww!!!!
Tan pis. Nefa mind, we're coming out stringer and bera.
Re: Nigeria’s Stock Market Closes For Christmas With N2bn Loss by Analyst7(m): 6:34pm On Dec 24, 2020
If you’re wise don’t invest money with forex ppl just learn it and trade it urself without being greedy, forex for past months hasn’t been nice to a lot of aggressive traders

3 Likes 1 Share

Re: Nigeria’s Stock Market Closes For Christmas With N2bn Loss by phorget(m): 6:36pm On Dec 24, 2020
Why dem no go run loss when Buhari still dey dia.

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