Investogist
No Result
View All Result
Friday, August 22, 2025
  • News
    • All
    • Africa
    • Nigeria
    • World
    SEC warns against investing with GVEST Global’s illegal schemes

    SEC warns against investing with GVEST Global’s illegal schemes

    Only 23% of Nigerians trust INEC- Report says

    APGA candidates win Anambra by-elections

    US deficit grows to US$291 billion in July – Reports

    US deficit grows to US$291 billion in July – Reports

    Onitsha River Port receives first container barge for 2025 season

    Onitsha River Port receives first container barge for 2025 season

    JAMB sets 150 as cut-off mark for 2025/2026 university admissions

    WAEC releases 2025 WASSCE results, how to check yours

    President Buhari commissions the new US$100m Ultra-modern MMIA Terminal

    Festus Keyamo – Our Plans for the Murtala Mohammed International Airport Lagos

    Weekly Market Report: NGX rose 0.48% as Conoil shareholders lose 18.89%

    Conoil Plc reports 88.8% drop in profit to N900 million in H1 2025

    Brent crude oil price rise above $70 on OPEC projections

    OPEC+ agrees to increase oil production for September

    Nigeria to concession Enugu, Port Harcourt and three other airports

    Federal Government approves 30-year concession for Enugu Airport

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    “CBN plans to shut down financial transactions” – Apex Bank warns of fake news

    CBN’s Monetary Policy Committee retains interest rate at 27.50%

    President Tinubu approves establishment of South-East Investment Company

    President Tinubu approves establishment of South-East Investment Company

    UK tightens visa rules for care workers, skilled workers and students

    UK tightens visa rules for care workers, skilled workers and students

    United States scraps visa dropbox service for Nigerian applicants

    President Donald Trump cancels protection for 500,000 Haitian migrants

    Spain golden visa scheme ends as Portugal and Greece demand increases

    Spain golden visa scheme ends as Portugal and Greece demand increases

    CBN fines nine banks 150 million Naira each for failing to dispense cash

    CBN ends free ATM withdrawals for other banks’customers

    FG increases private university application fee from N5m to N25m

    FG increases private university application fee from N5m to N25m

    United States scraps visa dropbox service for Nigerian applicants

    United States scraps visa dropbox service for Nigerian applicants

    Buhari says Nigeria security and economy improved during his tenure

    Buhari says Nigeria security and economy improved during his tenure

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    Resolutions passed at Jaiz Bank’s 13th Annual General Meeting

    Resolutions passed at Jaiz Bank’s 13th Annual General Meeting

    UPDC REIT declare N0.16 dividend for 2022 Financial Year

    UPDC REIT announces ₦0.22 interim dividend for H1 2025

    Champion Breweries Plc to acquire Bullet alcoholic and energy beverages

    Champion Breweries Plc to acquire Bullet alcoholic and energy beverages

    Jaiz Bank Plc to double profit to N4.29bn in Q1 2024

    Jaiz Bank Plc rebrands for the future

    MTNN responds to alleged Tax indebtedness, “We make early payments”

    MTN Nigeria announces changes in leadership roles

    AIICO Board of Directors approve Dividend Payment and  2021 Financial Statements

    UBA Board of Directors approves Interim Dividend for H1 2025

    Bosquet Investments Ltd acquires 21.22% stake in Ecobank

    Bosquet Investments Ltd acquires 21.22% stake in Ecobank

    Access Bank UK Limited launches Access Bank Malta Limited

    Access Holdings Plc to delay release of Half-Year financial results

    Industrial & Medical Gases Nigeria Plc to issue share bonus to shareholders

    Oando completes Tranche one of its Share Distribution Programme

    • Companies
    • Industry
    • Technology
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    Beta Glass Plc Shareholders to be presented with a N1.04 dividend for 2020

    STANBIC IBTC ETF 30 announces ₦3.144 interim Dividend

    CAP Plc Shareholders approve N2.10kobo dividend per ordinary share for 2020 financial year

    SIAML Pension ETF 40 announces ₦12.44 interim Dividend

    Cutix Plc founder sells additional 1.8 million shares of the company

    VFD Group Plc Employees and others sell millions of VFD Group shares

    Nigerian Exchange – Stock Market report for the week ended 7th July, 2023

    The Nigerian Exchange records impressive performance in H1 2025

    Cryptocurrency: XRP hits new All-Time High at US$3.65

    Cryptocurrency: XRP hits new All-Time High at US$3.65

    NGX suspends trading in the shares of four listed companies

    Banking stocks plunge after CBN suspends banks under regulatory forbearance from paying dividends

    ELECTION: Cutix Plc reschedules Board Meeting

    Weekly Report: Nigerian Exchange sees mixed performance as Cutix Plc emerge top gainer

    Again DMO offers N360 billion FGN bond for February

    DMO offers N300 billion FGN bond for auction in May

    NGX Daily Equities Market Report: Market gains for third consecutive days

    CSCS Plc explores listing on the Nigerian Exchange (NGX)

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    How does family of 6 survive with income of N250,000 a month

    How does family of 6 survive with income of N250,000 a month

    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies
Investogist
  • News
    • All
    • Africa
    • Nigeria
    • World
    SEC warns against investing with GVEST Global’s illegal schemes

    SEC warns against investing with GVEST Global’s illegal schemes

    Only 23% of Nigerians trust INEC- Report says

    APGA candidates win Anambra by-elections

    US deficit grows to US$291 billion in July – Reports

    US deficit grows to US$291 billion in July – Reports

    Onitsha River Port receives first container barge for 2025 season

    Onitsha River Port receives first container barge for 2025 season

    JAMB sets 150 as cut-off mark for 2025/2026 university admissions

    WAEC releases 2025 WASSCE results, how to check yours

    President Buhari commissions the new US$100m Ultra-modern MMIA Terminal

    Festus Keyamo – Our Plans for the Murtala Mohammed International Airport Lagos

    Weekly Market Report: NGX rose 0.48% as Conoil shareholders lose 18.89%

    Conoil Plc reports 88.8% drop in profit to N900 million in H1 2025

    Brent crude oil price rise above $70 on OPEC projections

    OPEC+ agrees to increase oil production for September

    Nigeria to concession Enugu, Port Harcourt and three other airports

    Federal Government approves 30-year concession for Enugu Airport

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    “CBN plans to shut down financial transactions” – Apex Bank warns of fake news

    CBN’s Monetary Policy Committee retains interest rate at 27.50%

    President Tinubu approves establishment of South-East Investment Company

    President Tinubu approves establishment of South-East Investment Company

    UK tightens visa rules for care workers, skilled workers and students

    UK tightens visa rules for care workers, skilled workers and students

    United States scraps visa dropbox service for Nigerian applicants

    President Donald Trump cancels protection for 500,000 Haitian migrants

    Spain golden visa scheme ends as Portugal and Greece demand increases

    Spain golden visa scheme ends as Portugal and Greece demand increases

    CBN fines nine banks 150 million Naira each for failing to dispense cash

    CBN ends free ATM withdrawals for other banks’customers

    FG increases private university application fee from N5m to N25m

    FG increases private university application fee from N5m to N25m

    United States scraps visa dropbox service for Nigerian applicants

    United States scraps visa dropbox service for Nigerian applicants

    Buhari says Nigeria security and economy improved during his tenure

    Buhari says Nigeria security and economy improved during his tenure

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    Resolutions passed at Jaiz Bank’s 13th Annual General Meeting

    Resolutions passed at Jaiz Bank’s 13th Annual General Meeting

    UPDC REIT declare N0.16 dividend for 2022 Financial Year

    UPDC REIT announces ₦0.22 interim dividend for H1 2025

    Champion Breweries Plc to acquire Bullet alcoholic and energy beverages

    Champion Breweries Plc to acquire Bullet alcoholic and energy beverages

    Jaiz Bank Plc to double profit to N4.29bn in Q1 2024

    Jaiz Bank Plc rebrands for the future

    MTNN responds to alleged Tax indebtedness, “We make early payments”

    MTN Nigeria announces changes in leadership roles

    AIICO Board of Directors approve Dividend Payment and  2021 Financial Statements

    UBA Board of Directors approves Interim Dividend for H1 2025

    Bosquet Investments Ltd acquires 21.22% stake in Ecobank

    Bosquet Investments Ltd acquires 21.22% stake in Ecobank

    Access Bank UK Limited launches Access Bank Malta Limited

    Access Holdings Plc to delay release of Half-Year financial results

    Industrial & Medical Gases Nigeria Plc to issue share bonus to shareholders

    Oando completes Tranche one of its Share Distribution Programme

    • Companies
    • Industry
    • Technology
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    Beta Glass Plc Shareholders to be presented with a N1.04 dividend for 2020

    STANBIC IBTC ETF 30 announces ₦3.144 interim Dividend

    CAP Plc Shareholders approve N2.10kobo dividend per ordinary share for 2020 financial year

    SIAML Pension ETF 40 announces ₦12.44 interim Dividend

    Cutix Plc founder sells additional 1.8 million shares of the company

    VFD Group Plc Employees and others sell millions of VFD Group shares

    Nigerian Exchange – Stock Market report for the week ended 7th July, 2023

    The Nigerian Exchange records impressive performance in H1 2025

    Cryptocurrency: XRP hits new All-Time High at US$3.65

    Cryptocurrency: XRP hits new All-Time High at US$3.65

    NGX suspends trading in the shares of four listed companies

    Banking stocks plunge after CBN suspends banks under regulatory forbearance from paying dividends

    ELECTION: Cutix Plc reschedules Board Meeting

    Weekly Report: Nigerian Exchange sees mixed performance as Cutix Plc emerge top gainer

    Again DMO offers N360 billion FGN bond for February

    DMO offers N300 billion FGN bond for auction in May

    NGX Daily Equities Market Report: Market gains for third consecutive days

    CSCS Plc explores listing on the Nigerian Exchange (NGX)

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    How does family of 6 survive with income of N250,000 a month

    How does family of 6 survive with income of N250,000 a month

    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies
No Result
View All Result
Investogist
No Result
View All Result
Home Markets

Equity Market opens the week in red as BUACEMENT, MTNN, ZENITHBANK decline

Monday, 12 October 2020, 11:19 pm
in Markets, Stocks/Equities
1
Share Share Share Share Send as Email

The Nigerian equity market opened the week on a negative note as the All Share Index fell for the fourth consecutive trading days on Monday. The market has been on a slow but steady decline since the record gains on Tuesday 6 October 2020.

The ASI dipped by 0.27% to close at 28,337.49, due to the losses in bell-whether stocks like BUACEMENT (-1.45%), MTNN (-0.36%), FLOURMILL (-4.55%), GUARANTY (-0.33%), ZENITHBANK (-0.25%).

The market capitalization settled to N14.812 trillion taking the YTD return to 5.57%

  • Read also; Union Bank Plc, Mobil Oil Nig. (11 Plc) and others announce dates for Board meetings
  • NSE 2020 Market Data Workshop

Activity level

The activity level was mixed with the total volume of traded shares declining by 3.9% to 360.178 million units while the value rose by 26.5% to N5.060 billion in 4,750 deals.

Transaction in the shares of United Bank for Africa topped the activity chart with 95.05 million shares valued at N678.74 million.

It was followed by Guaranty Trust Bank with 65.48 million shares worth N1.99 billion, and Zenith Bank with 47.22 million shares valued at N944.31 million.

The fourth most traded equity was FBNH which accounted for 7.62 million shares worth N231.89 million, while Transcorp transacted 28.12 million shares valued at N18.17 million.

Performance of Indices

All the indices under our watch closed in red except for the Oil and Gas Index. The Oil and Gas Index closed positively due to a 9.92% rise in ETERNA and 2.44% increase in SEPLAT.

  • The Oil and Gas Index up by 1.36%
  • The Insurance Index increased by 1.78%
  • Consumer Goods Index dropped by 0.91%
  • The Industrial Goods Index lost 0.54%
  • The Banking Index was down by 0.06%

Investor sentiment

Investor sentiment as measured by market breadth (gain/loss ratio) settled at 0.81x as the number of losers (16) surpassed the number of gainers (13).

The top five gainers by percentage and closing prices are;

  • ETERNA rose by 9.92% to close at N3.99
  • UNIONDAC rose by 8.33% to close at N0.26
  • TRANSCORP rose by 4.84% to close at N0.65
  • CUTIX rose by 4.65% to close at N1.80
  • SEPLAT rose by 2.44% to close at N420.00

The top five decliners by percentage are;

  • INTBREW lost 9.11% to close at N4.29
  • MANSARD lost 5.67% to close at N1.83
  • FLOURMILL lost 4.55% to close at N21.00
  • REGALINS lost 4.35% to close at N0.22
  • PORTPAINT lost 3.59% to close at N2.15

Naira fell by N3.00 against the dollar to N460/$1 on Monday at the parallel market.

Global Market performance;

All major Global Indices recorded gains except for London FTSE 100 which declined by 0.25% and Tokyo Nikkei 225 which dipped by 0.25% Other selected indices performance are as follows;

  • Dow Jones up by 0.88%
  • S&P 500 is up 1.64%
  • NASDAQ 100 is up 3.09%
  • DAX was up by 0.67%
  • Shanghai up by 2.64%
  • Hang Seng up 2.20%

Oil prices fell on Monday with Brent trading at $41.78 per barrel and WTI at $39.49 per barrel.

Analysts’ view

As the release of Q3 2020 earnings is around the corner, we expect continued interest in fundamentally sound stocks, as investors take cautious positions ahead of the earnings release season amid potential profit-taking.

By; Ifunanya Ikueze

Related Posts:

  • bull market
    Equity market records strong gains as ZENITHBANK…
  • Stanbic-IBTC a
    Stanbic, Buacement and Ardova Pull Equity Market to…
  • Bull.jpg
    BUACEMENT force equity market to close in green for…
  • Up market
    NGX Daily Equities Market Report: MTNN lead market…
Previous Post

Union Bank Plc, Mobil Oil Nig. (11 Plc) and others announce dates for Board meetings

Next Post

Opportunity: Aliko Dangote Foundation (ADF) – VDMA Technical Training Programme

Next Post
Vacancy for a Research Consultant at BudgIT

Opportunity: Aliko Dangote Foundation (ADF) - VDMA Technical Training Programme

Please login to join discussion
  • Trending
  • Comments
  • Latest
MTN Nigeria to pay over N200 billion final dividend for 2022

List of Dividends announced in 2025, qualification and payment dates

Resolutions passed at Jaiz Bank’s 13th Annual General Meeting

Resolutions passed at Jaiz Bank’s 13th Annual General Meeting

AIICO Board of Directors approve Dividend Payment and  2021 Financial Statements

UBA Board of Directors approves Interim Dividend for H1 2025

AIICO Board of Directors approve Dividend Payment and  2021 Financial Statements

GTCO Board approves interim dividend for H1 2025

SEC warns against investing with GVEST Global’s illegal schemes

SEC warns against investing with GVEST Global’s illegal schemes

Resolutions passed at Jaiz Bank’s 13th Annual General Meeting

Resolutions passed at Jaiz Bank’s 13th Annual General Meeting

UPDC REIT declare N0.16 dividend for 2022 Financial Year

UPDC REIT announces ₦0.22 interim dividend for H1 2025

Champion Breweries Plc to acquire Bullet alcoholic and energy beverages

Champion Breweries Plc to acquire Bullet alcoholic and energy beverages

Quick Links

News
Economy
Markets
Business
Opinion & Analysis

Newsletter Signup

Contact Investogist

info@investogist.com

  • About Us
  • Terms & Conditions
  • Privacy Policy
  • Contact Us

Copyright © 2025 investogist.com, All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

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

Log In

Add New Playlist

No Result
View All Result
  • News
    • Nigeria
    • Africa
    • World
  • Economy
    • Policies
    • Budgets
    • Economic Data
  • Business
    • Companies
    • Industry
    • Technology
  • Markets
    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies

Copyright © 2025 investogist.com, All Rights Reserved