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 Business News

Zenith, GTBank pull the brakes on momentum at Nigerian stock market

Olumide Adesina by Olumide Adesina
April 16, 2020
in Business News, Markets
How your stocks performed last week, Bears rule at the stock market, lose N174.37 billion on Wednesday , Nigerian bourse up 0.54% as Investors gain N63 billionBears dominate Nigerian bourse Index down 0.94%, trading volume remains low,Bears dominate Nigeria bourse trading session, ASI down 2.02%, Bulls lift Nigerian bourse, Index up 1.24%, Investors gain N133 billion, Banking Stocks stop the raging bulls at the Nigerian Stock Market index down 0.01%
Share on FacebookShare on TwitterShare on Linkedin

The Nigerian bourse slowed down its upward tempo, with the All-Share Index/Market Capitalization inching by +0.07%, to close at 22,554.84 points and N11.754 trillion respectively.

Market turnover was moderate, as volume and value traded increased by 16.13% and 29.60% respectively to 379.11million units and N4.327 billion in 5,985 deals. Zenith Bank was the most traded stock by volume at 84.56mn units, followed by First Bank Nigeria Holdings with 65.66 million units of trades.

Two of the five indices under coverage declined, while three advanced. On the Nigerian stock exchange, the Banking Index reversed its yesterday’s gain by -6.25% to lead the laggards, trailed by the Industrial Index (-2.04%). Contrastingly, the Consumer Goods, Insurance and Oil & Gas indices appreciated by +5.69%, +1.19%, and +0.25% respectively.

Significant depreciation in ACCESS (-10.00%), ZENITH BANK (-9.75%) and GUARANTY (-6.39%) dragged the Lenders Index lower, while WAPCO (- 6.61%) and BUACEMENT (-3.29%) weighed down the Industrial Index.

On the flip side, NESTLE (+10.00%), NB (+9.80%) and HONYFLOUR(+2.13%) propelled the Consumer Goods Index upward, as the Insurance and Oil & Gas Indices were boosted by gains in CORNERS6 (+9.59%), and CONOIL (+9.69%).

(READ MORE: Stock Market NewsLetter Thank You)

Top gainers

NESTLE up 10.00% to close at N913.2; NB up 9.89% to close at N29.45; CONOIL up 9.69% to close at N15.85; MTNN up 3.57% to close at N101.5, and DANGCEM up 2.18% to close at N133.

Top losers

ZENITH BANK down 9.75%  to close at N14.35, GUARANTY down 6.39% to close at N20.5; WAPCO down 6.61%  to close at N12; STANBIC down 3.85%  to close at N27.5;   and BUACEMENT down 3.29% to close at N29.4.

Related

Tags: All Share IndexBANKING INDEXDaily Market SummaryINDUSTRIAL INDEXMarket CapitalizationNigerian Business NewsNigerian Stock Exchange (NSE)sharesstock market

Leave a Reply Cancel reply

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

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


FCMB
Ikeja Electrics




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

    Recent News

    • Weekly Stock Update: Nigerian Exchange Group closes bearish, loses 0.14% w-o-w
    • A day in the life of a Lagos bus conductor
    • Meet Ochai Agbaji of Nigerian heritage picked in the 2022 NBA Draft to join Cleveland Cavaliers

    Follow us on social media:

    Recent News

    OPEC, NSE, MTN, other developments and how they affect your pocket

    Weekly Stock Update: Nigerian Exchange Group closes bearish, loses 0.14% w-o-w

    June 25, 2022
    “Ó Wà óóó!” —  What I learnt being a bus conductor for one day

    A day in the life of a Lagos bus conductor

    June 25, 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