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Nairaland Forum / Nairaland / General / Investment / Nigerian Stocks Fall On Tinubu’s Emergence As President-elect (439 Views)
Nigerian Stocks Fall On Tinubu’s Emergence As President-elect / Nigerian Stocks Rank World Best Performers This Year (2020) / how to invest in Nigerian stocks market (2) (3) (4)
Nigerian Stocks Fall On Tinubu’s Emergence As President-elect by Eastlandx: 12:20am On Mar 02, 2023 |
Nigerian stocks fall on Tinubu’s emergence as president-elect The market capitalisation dropped by N162 billion or 0.53 per cent to close at N30.238 trillion as against the N30.4 trillion recorded on Tuesday. NEWS AGENCY OF NIGERIA • MARCH 1, 2023 The equity market on the Nigerian Exchange Ltd. (NGX) ended its five-day gaining streak as performance indices shed 0.53 per cent due to sell-offs in medium and large-capitalised stocks. Nigerian stocks fall on Tinubu’s emergence as president-elect The market capitalisation dropped by N162 billion or 0.53 per cent to close at N30.238 trillion as against the N30.4 trillion recorded on Tuesday. NEWS AGENCY OF NIGERIA • MARCH 1, 2023 Bola Tinubu and NGX Bola Tinubu and NGX The equity market on the Nigerian Exchange Ltd. (NGX) ended its five-day gaining streak as performance indices shed 0.53 per cent due to sell-offs in medium and large-capitalised stocks. Ukraine latest: Xi Jinping and Belarus's Lukashenko 'upgrade' ties Ukraine latest: Xi Jinping and Belarus's Lukashenko 'upgrade' ties Nikkei Asia | Sponsored 20 dangerous dog breeds and the risk behind them 20 dangerous dog breeds and the risk behind them topgentlemen.com | Sponsored credit icon The market capitalisation dropped by N162 billion or 0.53 per cent, to close at N30.238 trillion as against the N30.4 trillion recorded on Tuesday. Also, the All-Share Index (ASI) declined by 297.65 points to close at 55,508.61 compared with 55,806.26 posted in the previous session. The downturn was due to selloffs in, mainly in telco heavyweight, Airtel Africa and others. As a result, the year-to-date return fell to 8.31 per cent. “Positive sentiments remain in the market, as seen in the number of gainers versus losers. We expect to see profit taking in some selected stocks that have rallied in recent sessions, while market breadth remain in the green,” said analysts at Vetiva Securities Ltd. Also, market breadth closed positive with 24 stocks on the gainer’s table, while 10 on the losers’. Veritas Kapital Assurance led the gainers’ chart in percentage terms by 10 per cent to close at 22k, per share. Ardova followed with 9.76 per cent to close at N18.55, while Wema Bank grew by 8.75 per cent to close at N4.35, per share. The Iniative rose 8.33 per cent to close at 52k, while Geregu Powers appreciated by 8.20 per cent to close at N298.10, per share. On the other hand, John Holt led the losers’ chart in percentage terms by 6.66 per cent to close at N1.59, per share. Ecobank Transnational Incorporated (ETI) followed with 7.69 per cent to close at N12, while Airtel Africa dropped by 5.25 to close at N1,535, per share. United Capital shed 3.91 per cent to close at 14.75, while FTN Cocoa Processors lost 3.45 to close at 28k, per share. The trade turnover increased by 36.73 per cent to 228.49 million units, valued at N4.44 billion and exchanged in 3,6 deals. Transactions in the shares of Capital Hotel topped the activity chart with 333.24 million shares valued at N2.33 billion. Transcorp followed with 44.89 million shares worth N67 million, while Guaranty Trust Holding Company (GTCO) traded 46.63 million shares valued at N126 billion. Oando traded 19.98 million shares valued at N102.33 million, while Access Holdings transacted 19.42 million shares worth N186.21 million. https://gazettengr.com/nigerian-stocks-fall-on-tinubus-emergence-as-president-elect/ |
Re: Nigerian Stocks Fall On Tinubu’s Emergence As President-elect by Eastlandx: 12:22am On Mar 02, 2023 |
mukina2 dominique |
Re: Nigerian Stocks Fall On Tinubu’s Emergence As President-elect by crestedaguiyi: 12:25am On Mar 02, 2023 |
It falls and rises all the time, nothing new. A justifiable reason to tuama |
Re: Nigerian Stocks Fall On Tinubu’s Emergence As President-elect by PoliteActivist: 12:29am On Mar 02, 2023 |
crestedaguiyi: No true. It falls when people are pessimistic about the future |
Re: Nigerian Stocks Fall On Tinubu’s Emergence As President-elect by richeeyo(m): 12:39am On Mar 02, 2023 |
If you trade you wouldn't post this rubbish,even wall street gets to a stand still during election, natural for things to nose dive |
Re: Nigerian Stocks Fall On Tinubu’s Emergence As President-elect by crestedaguiyi: 12:51am On Mar 02, 2023 |
PoliteActivist: The market moves in higher highs or lower lows. There are occasional lower highs and higher lows. |
Re: Nigerian Stocks Fall On Tinubu’s Emergence As President-elect by TimiMore: 1:02am On Mar 02, 2023 |
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Re: Nigerian Stocks Fall On Tinubu’s Emergence As President-elect by Eastlandx: 8:26am On Mar 02, 2023 |
Seun, mynd44 |
Re: Nigerian Stocks Fall On Tinubu’s Emergence As President-elect by abuhusna1: 8:51am On Mar 02, 2023 |
Where is the fall when I am up 13%. Just buy fundamentally sound stocks and you are good anytime 1 Like
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