NIGERIAN STOCK MARKET ANALYSIS

TRW DAILY FUNDAMENTAL AND TECHNICAL ANALYSIS OF THE NIGERIAN STOCK MARKET

Stocks Shed N310bn As Profit Taking Hits Transactions On The Exchange

Posted by TRW STOCKBROKERS LTD on June 22, 2017
Posted in: Uncategorized.

Okoronkwo Imoh 


Lagos – Trading on the floor of The Nigerian Stock Exchange (NSE) yesterday closed bearish as value of listed equities depreciated significantly by 2.6 per cent

The All-Share Index shed 897.71 basis points or 2.6 per cent to close at 33,477.89 points from 34,375.60 points it opened for trading, while market capitalisation also depreciated by N310.5 billion, to close at N11.577 trillion from N11.887 trillion it closed on the previous day.

Nestle Nigeria led decliners’ table when it went down by N10.00 to close at N900.00 per share, it was followed by Dangote Cement which lost 897 kobo to close at N205.00 per share, 7Up Bottling Company dropped 299 kobo to close at N90.01 per share, Lafarge Cement Wapco slipped by 220 kobo to close at N52.00 per share, while Nigerian

Breweries depreciated by 200 kobo to close at N166.00 per share, among others.

On the other hand, Conoil led gainers table for the day when it added 192 kobo to close at N40.42 per share, it was trailed by Capital Properties which raked 79 kobo to close at N34.99 per share, Cement Company of Northern Nigeria gained 53 kobo to close at N11.27 per share, UAC of Nigeria grabbed 35 kobo to close at N17.9 per share, while National Salt Company of Nigeria recorded 20 kobo to close at N10.00 per share, among others.

Zenith Bank appeared the most traded equity Wednesday when it exchanged of 87.934 million shares worth N1.861 billion. Followed by Fidelity Bank having sold 55.396 million shares valued at N71.482 million, Guaranty Trust Bank exchanged 50.280 million shares valued atN1.796 billion; Diamond Bank recorded 45.632 million shares valued at N55.673 million while United Bank for Africa traded 40.453 million shares worth N336.848 million.

The post Stocks Shed N310bn As Profit Taking Hits Transactions On The Exchange appeared first on Independent Newspapers .

Visit website

Advertisements

Share this:

  • Twitter
  • Email
  • Facebook
  • LinkedIn
  • Pocket
  • Google
  • Reddit
  • CHATROLL
  • Pinterest
  • Telegram
  • Tumblr
  • Skype
  • WhatsApp

Like this:

Like Loading...

Related

Posts navigation

← Conoil declares N3.10 dividend for 2016
Troubled airbag maker Takata plummets more than half →
  • Blog Stats

    • 1,343,690 hits
  • LIVE CHATS

    TRW STOCKBROKERS - Join Now! (LIVE WordPress Chat)

  • Categories

  • Recent Posts

    • 4G Capital to issue blockchain cryptocurrency based bond (Kenya)….
    • Stock To Watch Next Week: GLAXOSMITH
    • Is The Short-Term Rebound In NGSEO&G (alias Bond Market Quasi Index) A Bull Trap ???
    • Bond Yields close relatively stable amid slight profit taking by offshores….
    • Nigeria loses N2.5b yearly to gas flaring….
    • SEC Partners IFC, AFDB On Sukuk Investment- Uduk
    • Nigeria’s debt level under control – Adeosun tells IMF
    • Stock market shed N41bn on 33 companies losses
    • FGN SAVINGS BONDS – BUY & SELL EVERYDAY FROM THE NGSE SECONDARY BOND MARKET…
    • Afrinvest Weekly Update – World Economic Outlook: IMF Reiterates Expectation of Synchronized Growth Expansion
  • Top Clicks

    • trwstockbrokers.files.wor…
    • trwstockbrokers.files.wor…
    • trwstockbrokers.files.wor…
    • trwstockbrokers.files.wor…
    • trwstockbrokers.files.wor…
    • trwstockbrokers.files.wor…
    • trwstockbrokers.files.wor…
    • trwstockbrokers.files.wor…
    • trwstockbrokers.files.wor…
    • trwstockbrokers.files.wor…
  • Recent Comments

    ARMF Project on Guaranty Trust Bank Plc: Relia…
    Nome Simeon N. on Guaranty Trust Bank Plc: Relia…
    ARMF Project on GSK’s ₦8.2 billion Special div…
    Adenike Taiwo on GSK’s ₦8.2 billion Special div…
    Adeyemi Oloyede on Bottom Line: C&I Leasing i…
  • Enter your email address to follow this blog and receive notifications of new posts by email.

    Join 3,230 other followers

  • RSS NIGERIAN STOCK EXCHANGE MARKET ANALYSIS

    • 4G Capital to issue blockchain cryptocurrency based bond (Kenya)…. April 22, 2018 ARMF Project
    • Stock To Watch Next Week: GLAXOSMITH April 21, 2018 ARMF Project
    • Is The Short-Term Rebound In NGSEO&G (alias Bond Market Quasi Index) A Bull Trap ??? April 21, 2018 ARMF Project
    • Bond Yields close relatively stable amid slight profit taking by offshores…. April 21, 2018 ARMF Project
    • Nigeria loses N2.5b yearly to gas flaring…. April 21, 2018 ARMF Project
    • RSS - Posts
    • RSS - Comments
  • Advertisements
Create a free website or blog at WordPress.com.
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.
%d bloggers like this: