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

Just because of Buhari's bad government policies......

Hmmmm

Sad News

Uhmmm

Goodness!

All these money you're calling upanda when we never see 100 Naira. Diaris Godduooo

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.

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.

Nah the reason why everything cost?

With great innovations put in place, we can always bounce back.

Forex traders how market

waiting for my Oga @ the Top to say it's lie

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!

Prophet Muhammad (PBUH) said: “Whoever plants trees, God will give him reward to the extent of their fruit.” (Musnad, Vol 5, Hadith No. 415).

Choi

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

there own loss, nothing concern aboki man figures

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.

Better to play bet than this

Tbills they say

J

What do we expect when border is been closed for crying out loud

post=84667625:

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.

No be small thing.
Everybody's now watching..

minasota:
Just because of Buhari's bad government policies......

Everything wrong with your country is Buhari..lol

Bad situation