Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Markets Equities Stock Market

[Bull Trap] Nigerian Stocks Suffer Second Straight Day of Losses

Nairametrics by Nairametrics
September 3, 2015
in Stock Market
[Bull Trap] Nigerian Stocks Suffer Second Straight Day of Losses
Share on FacebookShare on TwitterShare on Linkedin

RelatedPosts

Oil prices have surged despite new measures aimed at calming markets worried by the invasion of Ukraine

Oil marginally down on profit-taking but still trades at multi-year highs

  • The equities market mirrored yesterday’s negative mood, as the NSEASI declined by 1.60% to further drag market return to –15.19% YTD. Volume and value of transactions also declined by 37.75% and 36.07% respectively, just as the market capitalization declined to NGN10.02tn at the close of business today. Market breadth (0.92x) skewed slightly in favour of decliners as 24 stocks appreciated against 26 losers.
  • VONO topped the outperformers at the end of today’s trading session, with price appreciation of 9.28% to close at NGN1.06. Other counters that featured on the gainers’ chart were TRANSEXPR (+7.14 %), STANBIC (+ 5.45%), TRANSCORP (+5.02 %), and INTBREW (+5.00 %). On the other hand, DANGCEM, PZ and FLOURMILL all led the underperformers, declining by 5.00 % apiece to close at NGN165.30, NGN25.23, and NGN22.06 respectively. Other decliners were NNFM and AFRIPRUD, shedding 4.97% and 4.96% in that order.
  • The NSE sector indices also reflected the market’s bearish mood as most of the sectors pared accordingly. NSEIND (-4.23%), NSEFBT10 (-0.61%), NSEOILG5 (-0.35%) and NSEINS10 (- 0.14%) pared respectively. Only the NSEBNK10 index advanced (+0.14%) in the day.
  • We opine that the two days of gains earlier in the week was responsible for the profit taking activity witnessed in the market today. We, expect this to persist on the last trading day of the week, and so we advise investors to trade with caution.

Related

Tags: Oil & Gasoil price

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Mega Millions
Hot forex
Cornerstone
Polaris Bank
Access Bank
Bankers Committee
First bank


FCMB




    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • Nigeria losing 20% of daily crude production to oil thieves – Wale Tinubu
    • Kuje prison attack: FG says 879 inmates escaped, 443 recaptured
    • FG confirms all 64 Boko Haram terrorists escaped from Kuje prison in gunmen attack

    Follow us on social media:

    Recent News

    Adewale Tinubu: From a career in law to becoming the king of African oil

    Nigeria losing 20% of daily crude production to oil thieves – Wale Tinubu

    July 6, 2022
    Bomb blasts reportedly heard as gunmen attack Kuje Prison in Abuja

    Kuje prison attack: FG says 879 inmates escaped, 443 recaptured

    July 6, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com