The Nigerian stock market on Friday closed in the red with the market capitalization falling by N112 billion ($533 million).

The Nigerian stock exchange which opened N9.531 trillion plunged 1.17 percent to close at N9.419 trillion.

The gauge of equity, All-Share Index declined 1.17 percent to close at 27,425.87, below the 27,751.34 recorded on Thursday. Week-on-week, the market indices lost about 2.09 percent.

The number of shares traded also declined by 34.96 percent to 120.84 million shares, valued at N1.27 billion ($604 million) in 3,307 deals.

This was lower than the 187.78 million shares worth N1.58 billion ($752 million) traded on Thursday.

Seplat led the losers’ chart with a loss of N12.76, to close at N242.60 per share.

7Up came second with N6.15 to close at N120.20, while Dangote Cement dipped N3 to close at N180 per share.

Nigerian Breweries dropped N1.97 and Con Oil lost N1.26 to close at N23.96 per share.

Conversely, Total topped the gainers’ table with a gain of N19.42, to close at N242.02 per share.

Mobil followed having gained N8.50 to close at N178.60 and Flour Mill garnered N1.98 to close at N21.98 per share.

International Breweries improved by 62k to close at N19 and Oando chalked up 34k to close at N 5.88 per share.

Analysts said the development is due to the present gloomy outlook of the economy.

STFUareyouG0d:
Again? Ha!
This is really becoming scary.
How did we get here?







Pls check my signature
God bless

SamMilla1:
Unfortunately both Zombs and Wails will share the loss.

But while Wailers cry because of the bad government policies that deplete their finances,
Zombs will still throw their hands in the air shouting Sai Baba.

My 100 million naira under GEJ has turned to 52 million under Buhari and some blockheads wants me to Blame Jonathan for it.

Meanwhile, did this affect only the 5% or everybody?

DropShot:
What is this?

Some of you are perpetual bringer of bad news even when it's not necessary. Stock Markets recording gains and loses is a routine occurrence that changes on minutes (if not seconds) basis. A market that closes on losses today may close on gains tomorrow.

[size=15pt]On May 13, NSE gained N81bn. Where were you?[/size]
http://punchng.com/stock-market-gains-n81bn-37-firms-appreciate/

[size=15pt]On June 20, the NS market gained N760bn in just three days.[/size] Where were you to report it here then?
http://venturesafrica.com/nigerian-stock-market-gained-n760bn-in-three-days-from-new-fx-market-regime-here-is-how/

[size=15pt]Where were you when investors were reported to have gained N81.63bn on June 30?[/size]
http://www.vanguardngr.com/2016/06/stock-market-rebounds-investors-gain-n81-63-bn/

[size=15pt]Where were you when the Nigerian Stock Market was reported to have gained 3.3% in the first six months of the year (July 1st report)?[/size]
http://www.thisdaylive.com/index.php/2016/07/01/nigerian-stock-market-gains-3-3-in-first-six-months/

[size=15pt]On July 18, Nigeria Stock Market gained 0.36%. Where were you then?[/size]
http://www.cnbcafrica.com/video/?bctid=5039804205001

There have been many other reports in recent weeks of NSE recording gains almost on daily basis but those of you who almost always look for negative news to report pounce on a single negative one after several positive news.

It pains sharing same nationality with unpatriotic souls!

free2ryhme:


What is scary?

Is your money among?

STFUareyouG0d:
Everything is scary

How do you know my money isn't?


You don't even know if I'm into stocks. Smh
Do I even have to have my money involved before I get scared?



Anyways, have you seen my signature?