Equity Market Extends Bearish Trend Amid Nationwide Protest

Must Read

List of United Bank for Africa (UBA) Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is held. The sort...

How To Block Your Bank Account And SIM Card In Case Of Emergency

Losing your phone and wallet or having them stolen can be very frustrating. However, in case that happens to...

List of First Bank of Nigeria Sort Codes in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is held. The sort...
- Advertisement -

Investors on NSE started the week on a profit-taking mood, leading to NSE ASI to decline by 27bps, to close at 28,337.49 points, with the year-to-date return at +5.57% and market capitalization edging lower to N14.81 trillion. Market activity was tepid with locals seen on buy sides of most trades albeit on a less aggressive note.

Nigerian Bourse Extends Bearish Trend Amid Nationwide Protest
Nigerian Bourse Extends Bearish Trend Amid Nationwide Protest | www.brandspurng.com

Today’s downswing was influenced by MTNN NL which fell by -0.36% to N140.00 as ZENITHBA NL and GUARANTY NL fell by 25bps to N19.95 and 33bps to N30.30, respectively. On the flip side, ACCESS NL grew by 1.28% to N7.90.

Volume and value traded were -4.02% and -32.83% higher to 369.06 million units and N5.06 billion, respectively. The most traded stocks by volume were UBA NL (95.05 million units), GUARANTY NL (65.48 million units) and ZENITHBA NL (47.21 million units) while GUARANTY NL (N1.98 billion), ZENITHBA NL (N944.31 million) and UBA NL (N678.74 million) topped the value chart.

All sectors closed on a negative note save for the Oil & Gas sector which returned 136bps. Banking, Consumer Goods, Industrial, and Insurance sub-indices by 6bps, 91bps, 54bps, and 178bps respectively

Read Also:  Equity Market: NSEASI approaches 40,000pts
- Advertisement -

Market sentiment was negative as market breadth came in at 0.8x as there were 13 advancers and 16 decliners.

- Advertisement -
Equity Market Extends Bearish Trend Amid Nationwide Protest - Brand SpurEquity Market Extends Bearish Trend Amid Nationwide Protest - Brand Spur

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Read Also:  Consumer Confidence Index Increased to 70.5-Points in Q4, 2017 - NOIPolls

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Equity Market Extends Bearish Trend Amid Nationwide Protest - Brand SpurEquity Market Extends Bearish Trend Amid Nationwide Protest - Brand Spur

Latest News

What the Continued Global Uncertainty Means for You

Global uncertainty reached unprecedented levels at the beginning of the COVID-19 outbreak and remains elevated. The World Uncertainty Index—a quarterly measure of...

Nigeria 2021 Outlook: A return to normalcy, but tough policy choices lie ahead.

Sigma Pensions - Following on from a year with so much uncertainty about life, politics and markets, 2021 holds the promise of a return...

Back to School: Demystifying Mathematics

You have probably heard a secondary school student say to you: “I am not a Math person”, and you felt that statement is familiar....

Jump-Starting a Failing Economy: A Development Policy Challenge.

Development is a measurable objective construction. Approaches to development, however, are broad, dynamic, and varied. The concept of development differs in meaning to different...

Konga Clearance Sale kicks off with massive discounts

Over 65,000 mobile phones, 15,000 laptops/desktops/printers, 3,150 inverters and inverter batteries, 1550 TVs, loads of Fast Moving Consumer Goods (FMCG), as well as Home...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -Equity Market Extends Bearish Trend Amid Nationwide Protest - Brand SpurEquity Market Extends Bearish Trend Amid Nationwide Protest - Brand Spur