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    Security features of the new naira notes revealed by the CBN

    JUST IN: CBN orders banks to begin payment of new notes over the counter

    Atiku heads to Europe on ‘business trip’

    Why CBN should not extend naira swap deadline – Atiku

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    Obanikoro tells court how he gave Fayose N1.2bn from Lagos Security Account

    Obanikoro tells court how he gave Fayose N1.2bn from Lagos Security Account

    They want to starve us of funds – IPOB  DOS cries out

    They want to starve us of funds – IPOB DOS cries out

    ‘Elements’ in Aso Villa want APC to lose election –  El-Rufai

    ‘Elements’ in Aso Villa want APC to lose election – El-Rufai

    Suspected herdsmen ambush Benue policemen, kill DPO

    Suspected herdsmen ambush Benue policemen, kill DPO

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    FG explains why Nigeria’s total debt will rise to N77 trillion by the end of May 2023

    U.S unemployment fell to a five-decade low

    U.S unemployment fell to a five-decade low

    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    Nigeria’s total debt rise above N44 trillion – DMO

    FG approves 39 licences for fish importation

    Q3 2022: Nigeria’s total trade stood at N11.6 trn, total export falls nearly 20% QoQ

    Update: Central Bank of Nigeria instructs banks to close accounts related to Crypto

    JUST IN: CBN limits weekly cash withdrawal to N100k

    Law to legalize crypto as a payment method passed in Brazil

    Law to legalize crypto as a payment method passed in Brazil

    Will Nigerians in diaspora be committing an offence if they make a campaign donation?

    Rivers and Oyo State to join others in establishing small claims courts

    Non-oil sector contributes 93.67% to Nigeria’s GDP in Q2 2022

    Nigeria’s GDP growth slows to 2.25% in Q3 2022, oil sector contribution declines further

    Buhari to unveil new naira notes Wednesday — no longer Dec 15

    Buhari to unveil new naira notes Wednesday — no longer Dec 15

    • Policies
    • Budgets
    • Economic Data
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

    Equities Market Recorded Gains… As NGX-ASI Grows Marginally By 0.49%

    Equity Market turns bearish… As Value Traded Spikes by 409.01%

    The Local bourse Closed The Week Bearish… As the NGX-ASI fell by 0.18%.

    Local Bourse closed in Bullish Territory… As NGX-ASI at 0.31%

    NGX-ASI Turns Bullish…As Oil & Gas sector closed at a Gain of 1.58%

    The Okomu Oil Palm Plc announces N7.00 interim dividend for H1 2022

    Local Bourse Records 2nd Day Loss…… As NGX-ASI Decreases by 0.02%

    FGN Savings Bond rate rises above 12% in September 2022

    DMO offers N360 bn FGN Bonds for subscription in January

    FY 2020: Nigerian Breweries Plc reports 54.3% decline in profit

    Sellers Sway the Performance of the Equities Market… As NGX-ASI Dips By 0.09%

    MTN Nigeria Communications Plc announces Board Meeting and close period for Q1 2021

    MTN Nigeria set to allot ‘incentive shares’ to shareholders

    Nestle Nigeria Plc announces Board meeting to consider 2020 accounts and dividend

    NGX-ASI Depreciated by 2.03%… As Year-to-Date slides down to 2.62%

    NGX Reg lifts suspension on Trading of Niger Insurance Plc’s shares

    NGX Reg lifts suspension on trading of International Energy Insurance Plc shares

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    2022 financial year: UAC of Nigeria posts N2.69 billion loss

    2022 financial year: UAC of Nigeria posts N2.69 billion loss

    Flour Mills of Nigeria Plc makes over N1 Trillion Revenue in 9 Months

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    Geregu Power Plc announces first Dividend since listing on NGX

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    CAP Plc posts N2.08bn profit in 2022, 85.95% YoY growth

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    North-West, South-West lead as INEC registers 96.2 million, Rivers overtakes Katsina

    ELECTION: How to check your polling unit, code online

    4 things to consider before buying a laptop

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    How to move to Canada by starting a business – Part 1

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    Building a Successful Business Organization: Lessons from the Bible

    2023 Bible Lessons on Setting your Financial/Investment Goals

    2023 Bible Lessons on Setting your Financial/Investment Goals

    Fact check: Is the Investment Peter Obi made for Anambra State worth next to nothing?

    Fact check: Is the Investment Peter Obi made for Anambra State worth next to nothing?

    37 years between the Buhari regimes… Economic lamentations remain the same

    37 years between the Buhari regimes… Economic lamentations remain the same

    FACT CHECK: Did Buhari inherit lowest oil production as Tinubu claims?

    FACT CHECK: Did Buhari inherit lowest oil production as Tinubu claims?

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Home Markets

Losses Prevailed in the Equities Market…As NGX-ASI Fell by 0.13%

Friday, 16 September 2022, 11:58 pm
in Markets, Rates & Bonds, Stocks/Equities
0
Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted
Share Share Share Share Send as Email

(Greenwich Merchant Bank): The local bourse closed the week on a negative note as the Nigerianequities market and the market capitalisation fell further by 0.13% to settle at 49,475.42 point and NGN26.69 trillion respectively.

This was attributed to the decline in the prices of ACCESSCORP (5.14%) STANBIC (1.67%), and FBNH(1.48%) hence, Year-to-Date dropped to
15.82%.

Likewise, market sentiment declined as volume and value traded fell by 36.41% and 9.56% to settle at 106.58 million units NGN1,143.62 billion respectively. FBNH emerged as the highest volume traded with 12.02 million units while ZENITHBANK took the spot of the highest traded value with NGN235.91 million.

Market breadth stood at 0.69x resulting from nine(9) gainers and thirteen(13) laggers.

The Insurance sector (0.64%), and Consumer Goods sector (0.02%) recorded losses at the end of the day, whereas banking sector (1.41%) recorded the sole gain for the day. On the other hand, Oil & Gas sector (0.00%) and the Industrial sector (0.00%) remained stagnant.

Fixed Income Market
Only two instruments traded in the Bond market (14-Mar-2024 and 17-Mar-2027 instruments) led to a 1bp decline in average yield to close the week at 13.13% from 13.14%.

The 2.74% decline in the 09-Mar-2023 instrument swayed the performance in the Nigerian Treasury bills which resulted to a 34bps decline in the average yield to close at 7.45%.

However, quiet sentiments pervaded in the OMO market with average yield closing at 11.11%, same as yesterday`s figure.

System liquidity declined further by 10.52% to close at NGN264.51billion from NGN264.51billion which led to a 2.67% and 2.92% decline at the Open Buy Back and Overnight rate to close at 9.67% and 10.17%.

Exchange rate depreciated by NGN7.24/USD to close at NGN436.25/ USD at the Investors and Exporters Window.

Ifunanya Ikueze
Ifunanya Ikueze

Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.

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Security features of the new naira notes revealed by the CBN

JUST IN: CBN orders banks to begin payment of new notes over the counter

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