Skip to main content

NSE market capitalisation loses N152 billion

The Nigerian Stock Exchange (NSE) market capitalisation today 21/04/2020. inched lower by N152 billion, amid sell pressure in 27 stocks.

Specifically, the market capitalisation which opened at N11.945 trillion lost N152 billion or 1.27 per cent to close at N11.794 trillion.

Also, the All-Share Index (ASI) dipped 290.49 points or 1.27 per cent to close at 22,629.92 compared with 22,920.41 on Monday.

The downturn was impacted by losses recorded in medium and large capitalised stocks, amongst which were; Guaranty Trust Bank, Julius Berger, Zenith Bank, Lafarge Africa and Seplat.

The Chief Operating Officer, InvestData Ltd., Ambrose Omordion, attributed the development to profit taking to correct the recent sharp divergence between the market rally and economic realities.

Omordion added that negative news of further crash in crude oil prices as supply remained high on low demand due to global lockdown contributed to the price drop.

He noted that negative macro-economic indices as shown by March inflation data released today by the National Bureau of Statistics, contributed to market sentiments.

Newsmen report that market breadth closed negative with only four gainers against 27 losers.

Champion Breweries and Oando dominated the losers’ chart in percentage terms, dropping by 10 per cent each, to close at 81k and N2.25 per share, respectively.

Lafarge Africa came second with a loss of 9.21 per cent to close at N10.35 per share.

Fidelity Bank lost 8.99 per cent to close at N1.72, while Chams shed 8.70 per cent to close at 21k per share.

On the other hand, Omoluabi Mortgage Bank led the gainers’ table with 9.09 per cent, to close at 60k per share.

NPF Micro Finance Bank followed with a gain 8.70 per cent to close at N1.25 per share.

Lasaco Assurance increased by 4.17 per cent to close at 25k, while Learn Africa appreciated by 2.11 per cent to close at 97k per share.


The total volume of shares traded declined by 27.53 per cent as investors transacted 250.35 million shares worth N2.33 billion exchanged in 4,877 deals.

This was in contrast with 345.44 million valued N4.21 billion achieved in 4,930 deals on Monday.

Transactions in the shares of FBN Holdings topped the activity chart with 71.06 million shares worth N298.70 million.

Zenith Bank accounted for 52.20 million shares valued N695.03 million, while Guaranty Trust Bank traded 24.44 million shares worth N451.86 million.

United Bank for Africa sold 15.17 million shares valued at N85.91 million, while Fidelity Bank transacted 13.29 million shares worth N22.95 million.


Comments

Post a Comment

Popular posts from this blog

Vulvar Care Tips

Vulva Care Maintaining a healthy vulva and vagina will help prevent infections and discomfort. Unusual changes in vaginal discharge is a sign that there might be an issue. Why is vulvar and vagina care important? Many women experience uncomfortable, vaginal infections (vaginitis) at one time or another. The area around the entrance to the vagina (vulva) can also become irritated. Steps can be taken to relieve and prevent vulvar discomfort and vaginal infections. Not all vaginal infections are alike and home treatments can worsen some types. If you have any concerns about your vulvar or vaginal health, or notice unusual changes in vaginal discharge, contact your healthcare provider if the problem persists. What is the vulva? The vulva is the area of female sex organs that lies outside of the vagina. These organs include folds of sensitive tissue called the labia (labia means "lips"). The labia has two parts. The outermost folds are called the labia majora. A secon...
Post a Comment
Read more

Nigeria’s first female banker, Sarah Morocco-Clarke is dead

Sarah Adenike Morocco-Clarke, Nigeria’s first female banker is dead. Morocco-Clarke died at the age of 80 on Sunday, 16 September 2018, after a short illness. Sarah Morocco-Clarke, an alumnus of Queen’s College Lagos, started her career with First Bank (then Bank of British West Africa, and subsequently Standard Bank) as a pioneer female employee, and rose through the ranks at First Bank Nigeria and was made the Services Manager and Secretary to the South Administration, wherein she had a mandate that covered the services of all the First Bank branches in Southern Nigeria. While she worked in the banking industry, she was manager of numerous First Bank branches in Lagos and was subsequently made a Regional Manager in charge of Bendel, Ogun and Oyo states. She was also an Area Manager in the Western part of Nigeria. Popularly known as the ‘Iron Lady, Morocco-Clarke leaves behind six successful children, thirteen grandchildren and three great-grandchildren.
Post a Comment
Read more

FRSC reinforces directive on use of google maps while driving

The Federal Road Safety Corps (FRSC) has clarified its position on the use of Google Maps, The FCT Sector Commander of the Federal Road Safety Corps (FRSC), Ayuba Gora was quoted saying that driving with the aid of Google map using mobile phones is a serious traffic offence. Gora said this at the inauguration of the 2019 Ember Months Campaign by Lugbe Unit Command of the FRSC in Abuja yesterday. But, FRSC Spokesman Bisi Kazeem making reference to Gora’s comments said the Sector Commander was quoted out of context and his statement outrightly misrepresented. Kazeem said the FRSC as a technology-driven organisation is not and has never stood against the use of Google Maps by Motorists. The statement read: “To state the obvious, we have always enlightened the public on the position of the law on the use of phone while driving. “The statement he made during the flag off buttresses the position of the Corps, which is that any driver who intends to deploy the use of Google Map...
Post a Comment
Read more