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    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

    Only 23% of Nigerians trust INEC- Report says

    Nationwide Voter registration begins August 18 – INEC

    FG approves 300% increase in electricity tariff

    NERC has no authority over state tariff – Enugu Electricity Regulator

    US Court clears Donald Trump to run for President

    Breaking: US and EU agree trade deal

    Federal Government commissions three “ultra-modern” oncology centers

    Federal Government commissions three “ultra-modern” oncology centers

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    “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

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    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

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    Nigeria’s C&I Leasing Plc to invest in Leasafric Logistics Ghana

    Stanbic IBTC Holdings Plc announces N1.50 interim dividend for half-year 2023

    Consolidated Hallmark Holdings Plc declares 10 kobo interim dividend for H1 2025

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    Beta Glass Plc reports 334% year-on-year growth in profit

    Caverton Shareholders approve 10 kobo per share dividend and others at AGM

    Caverton Offshore posts ₦2.08 billion profit for H1 2025

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    Cutix Plc founder sells additional 1.8 million shares of the company

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    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

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    Bitcoin soars above $21,000 as U.S. dollar sags

    BITCOIN hits $103,000 for the first time

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    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

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

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Local Bourse Extends Losing Streak…with All Share Index Below 40,000pts

Saturday, 27 February 2021, 6:54 pm
in Markets, Stocks/Equities
0
Nigerian Stock Market Daily Report: Investors lose N277.597 Billion as sell-off continues
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(Greenwich Merchant Bank): Stocks fell for the fourth week in a row, as selloffs across the tickers tipped the market to its lowest level in the year. The NSE-ASI and market capitalization dipped by 1.0% WoW to 39,799.89 points and NGN20.8tn, their respective lows so far in 2021. As a result, the YtD return stood at -1.2%, its weakest since September last year.

Activity level picked up, as the average volume and value of transactions rose by 25.3% and 13.3% respectively to log at 386.0mn units and NGN4.1bn.

LASACO surged 192.9% WoW to NGN1.23, following its share reconstruction program, while AFRIPRUD was the worst-performing stock, after shedding 21.2% WoW to close at NGN5.75.

Read: DMO delivers new plan for debt management, amid rising fiscal pressures

The NSE sectorial performance was uneven, as the Oil & Gas sector led the advancers, with a gain of 1.0%, followed by the Banking sector (0.7%). Conversely, the Insurance (-4.9%), the Consumer Goods (-3.2%), and Industrial Goods (-0.5%) sectors all closed in red.

The local bourse commenced the week on the back foot, although, banking bellwethers – ZENITHBANK and GUARANTY – improved the mood mid-week, the bears were dominant in the two final trading days. This resulted in the market’s downturn which extended to its fourth weekly streak. That said, we note that the run-up in yields in the fixed income space has left the market awash in red.

With stock prices beaten down, we see opportunities for positioning in fundamentally sound counters and high dividend-yielding stocks, as more full-year corporate results are rolled-out. Despite this, we expect the market to trade range bound in the coming week.

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