• 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

Sell-offs from MTN causes market to dip by N125 billion

Ajibola Akamo by Ajibola Akamo
August 8, 2022
in Stock Market
NGX extends market downturn by N19 billion
Share on FacebookShare on TwitterShare on Linkedin

Losses seen in the shares of MTNN and the banking sector on the floor of the Nigerian stock exchange has forced the market to lose N125 billion in capitalization.

The All-share Index (ASI) lost 0.46% from 50,722.33 basis points to close at 50,489.73 basis point. In the same vein, the market capitalization also lost 0.46% to close at N27.23 trillion. Year-to-Date (YtD), the NGX is still one of the top performing markets in the world as is has gained 18.20% so far.

Market breadth closed negative as JAPAULGOLD led 10 gainers while 15 Losers were topped by RTBRISCOE at the end of today’s session. On a sectoral level, 2 of the 5 major indices of the Nigerian Exchange closed positive.

RelatedStories

Weekly Stock Update: Nigerian Exchange Group record growth w-o-w, up by 0.48%

SEPLAT leads value as All-Share Index gains 0.56%, ABCTRANS and BETAGLASS shine 

June 12, 2025
TotalEnergies

Why Total Energies’ Q1 2025 profit crashed: What investors should watch  

June 11, 2025

NGX Consumer Goods and Insurance indexes gained 0.17% and 1.36% respectively. NGX Banking and Industrial indexes lost 1.10% and 0.01% respectively. NGX Oil & Gas index closed flat.

Market Indices 

  • NGX ASI: 50,489.73 points
  • Previous ASI: 50,722.33 points
  • % Day Change: -0.46%
  • % Y-t-D: 18.20%
  • Market Cap (N): 27.23 trillion
  • Volume: 207,195,714
  • Value (N): 2.12 billion
  • Deals: 4,234

NGX Top ASI gainers

  • JAPAULGOLD up +8.82% to close at N0.37
  • HONYFLOUR up +5.73% to close at N2.95
  • CORNERST up +5.63% to close at N0.75
  • LASACO up +5.38% to close at N0.98
  • UCAP up +4.49% to close at N12.80

 

NGX Top ASI losers  

  • RTBRISCOE down – 10.00% to close at N0.36
  • IMG down – 9.84% to close at N8.25
  • SKYAVN down – 9.60% to close at N5.65
  • ELLAHLAKES down – 9.60% to close at N3.58
  • CAVERTON down – 6.84% to close at N1.09


Top 3 by Volume  

  • FBNH – 74,628,866
  • MULTIVERSE – 20,494,641
  • ACCESSCORP – 12,348,308


Top 3 by Value 

  • FBNH – N820,152,299.00
  • ZENITHBANK – N219,146,224.25
  • MTNN – N194,585,378.10

Follow us for Breaking News and Market Intelligence.
Tags: MTNNGXNigerian Stock Exchange
Ajibola Akamo

Ajibola Akamo

Ajibola Akamo is an Investment Analyst, Financial Analyst, Economist and Accountant. You may contact him via his email ajibolaakamo@yahoo.com

Related Posts

Weekly Stock Update: Nigerian Exchange Group record growth w-o-w, up by 0.48%
Equities

SEPLAT leads value as All-Share Index gains 0.56%, ABCTRANS and BETAGLASS shine 

June 12, 2025
TotalEnergies
Equities

Why Total Energies’ Q1 2025 profit crashed: What investors should watch  

June 11, 2025
NGX
Equities

NGX delivers Africa’s second-best return in May as investors pile in 

June 3, 2025
How Much Money Do You Need To Start Investing?
Digital Media

Nairametrics Awards, Market Movers & Bank Recap Secrets — All on Follow the Money With Ugodre

May 28, 2025
Adverse effects of high-interest rate spreads on the Nigerian economy
Financial Services

Fidelity Bank threatens legal remedies over “malicious publication” concerning CEO’s share purchase 

May 24, 2025
Custodian Investment Plc declares final dividend payment of N0.40 to shareholders
Dividends

2025 AGM: Custodian Investment approves N1.1 dividend, new board members 

May 9, 2025
Next Post
Gbenga Komolafe

Confusion as NUPRC rejects approval of Seplat and Mobil deal hours after President Buhari approved

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

  • Gombe receives N60 billion from FG to establish 184-hectare Agro-Livestock Industrial Zone
  • IGP extends tinted glass permit enforcement grace period to August 12 
  • Top 10 export destinations for Nigeria in Q1 2025: India takes the lead

Follow us on social media:

Recent News

Gombe Govt approves N1.15 billion for solar street lights, infrastructure in 3 LGAs

Gombe receives N60 billion from FG to establish 184-hectare Agro-Livestock Industrial Zone

June 14, 2025
IGP to prosecute ex-personnel who ‘hijacked’ truck carrying 40,000 litres of petrol in Enugu 

IGP extends tinted glass permit enforcement grace period to August 12 

June 14, 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