• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Markets Equities Stock Market

Top banks’ stocks plunge, as bears overwhelms Nigerian tier-2 banks’ rally

Olumide Adesina by Olumide Adesina
July 2, 2020
in Stock Market
SEPLAT, GUINNESS break Nigerian bourse support levels, investors lose N49 billion  , Nigerian Stock market records sixth consecutive loss, Investors lose N15.55 Billion,Nigerian Stock market records sixth consecutive loss, Investors lose N15.55 Billion
Share on FacebookShare on TwitterShare on Linkedin

The Nigerian Stock market ended Thursday’s trading session on a bearish note as investors continued to price in the risk of increasing cases of COVID-19. Altogether, investors lost N115.07 billion

The Nigerian Stock Exchange (NSE) All-Share Index plunged by 0.90% to 24,374.40 points at the close of the trading session from the preceding day high of 24,594.99 points. Consequently, the value of listed stocks on the Nigerian stock market reduced from N12.830trillion to N12.715trillion.

Although the volume of shares traded fell slightly by 9.03% to 180.12 million units, value traded improved by 78.25% to N1.84billion as 3,889 deals exchanged hands.

RelatedStories

Cadbury

Cadbury Nigeria: A bitter year with a sweet aftertaste

April 13, 2025
How Much Money Do You Need To Start Investing?

Profits Windfall for Total, BUA Foods, Unilever!

April 8, 2025

UBA was the most traded stock by volume at 23.9million units, followed by FBNH, with 21.5 million units of trades.

Market sentiment, as measured by market breadth, was negative as 26 tickers declined, relative to 7 gainers. UNILEVER and CADBURY were the top losers of the day with 9.80%and 8.78% declines, while NEIMETH and JAIZBANK recorded the largest gains with 9.40%  and 7.27% appreciation in share value.

On the sectoral breakdown, bearish sentiment characterized the sectors. We highlight sell-offs in Tier-1 banking stocks like, ZENITH (-5.73%), GUARANTY (-5.26%) and ETI (-3.03%), which placed the Lender’s index as the worst performer, fell by 4.58%.

READ MORE: High sell-offs from BUACEMENT, CADBURY, WAPCO, investors lose N198.05 billion

The Insurance index trailed to slump by 1.02%, as a result of a decline in CORNERSTONE (-9.09%) and AIICO (-1.11%), the Consumer Goods followed with 0.93% depreciation as UNILEVER, CADBURY and FLOUR MILL shed -9.80%; -8.78% and -5.36% respectively.

Finally, price declines in OANDO and WAPCO close the Oil and Gas and Industrial Goods Indexes distantly by -0.30% and -0.02%.

Top gainers 

NEIMETH up 9.40% to close at N1.63, JAIZBANK up 7.27% to close at N0.59, UNITYBNK up 6.38% to close at N0.5, NAHCO up 5.53% to close at N2.1, REDSTAREX up 4.76% to close at N3.3

Top Losers 

UNILEVER down 9.80% to close at N13.8, CADBURY down 8.78% to close at N6.75, ZENITHBANK down 5.73% to close at N14.8, FLOURMILL down 5.36% to close at N17.65, GUARANTY down 5.26% to close at N20.7

Outlook  

Nigeria bourse intensified its bearish trend on Thursday, as top tier-1 bank stock price plunged amidst thin market liquidity observed in the Nigerian bourse trading session. Nairametrics envisages cautious buying as many investors still remain on the sideline

 


Follow us for Breaking News and Market Intelligence.
Tags: AIICO Insurance - Newsbanks stocksCadburyCornerstone Insurance - NewsJAIZBANKNeimethNigerian Stock Exchange (NSE)Unilever
Olumide Adesina

Olumide Adesina

Olumide Adesina is a financial market writer, analyst and investment trader. Message Olumide on Twitter @Olumidecapital

Related Posts

Cadbury
Blurb

Cadbury Nigeria: A bitter year with a sweet aftertaste

April 13, 2025
How Much Money Do You Need To Start Investing?
Digital Media

Profits Windfall for Total, BUA Foods, Unilever!

April 8, 2025
Unilever, UK Government and EY, announce grant of £500,000 for five West African Startups, including three in Nigeria 
Company News

Unilever, UK Government and EY, announce grant of £500,000 for five West African Startups, including three in Nigeria 

April 5, 2025
Nigerian Stock Exchange
Equities

All-Share Index sheds N300 billion in market cap; JAIZBANK, ZENITHBANK lead volume as IKEJAHOTEL rallies 

February 25, 2025
Are Nigerian Consumer Stocks the Next Big Investment?
Digital Media

Are Nigerian Consumer Stocks the Next Big Investment?

February 12, 2025
Why These Are The Hottest Stocks For The Week
Digital Media

Why These Are The Hottest Stocks For The Week

February 12, 2025
Next Post
Raising finance to acquire a marginal field? Key issues to consider – FBNQuest

Raising finance to acquire a marginal field? Key issues to consider - FBNQuest

Leave a Reply Cancel reply

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

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • EFCC arraigns SunTrust Bank MD, Executive Director over alleged $12 million money laundering 
  • Cornerstone Insurance declares 27 kobo final dividend, reveals payment date and criteria 
  • Oil Subsidy Fraud: EFCC declares Fargo Petroleum MD wanted over alleged N976 million scam 

Follow us on social media:

Recent News

EFCC: Achimugu’s case unrelated to Atiku, Sanwo-Olu, agency says

EFCC arraigns SunTrust Bank MD, Executive Director over alleged $12 million money laundering 

June 13, 2025

Cornerstone Insurance declares 27 kobo final dividend, reveals payment date and criteria 

June 13, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics