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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

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    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

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
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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

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    Geregu Power Plc announces first Dividend since listing on NGX

    Geregu Power Plc announces first Dividend since listing on NGX

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    ELECTION: How to check your polling unit, code online

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

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    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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NGX Daily Equities Market Report: Losses in MTNN drives market deeper into red

Wednesday, 1 December 2021, 10:10 pm
in Markets, Stocks/Equities
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NGX Daily Equities Market Report: NGX ASI (-0.79%) decline for the third consecutive day
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The Nigerian Exchange‘s equities market recorded its third day of straight losses on Wednesday. The benchmark All-Share Index dropped by 1.81% from 43,248.05 points to 42,463.16 points.

The market capitalization depreciated by the same percentage, shedding N409.55bn from its value to close the day at N22.15 trillion.

With Wednesday’s losses, the week to date (WTD) performance worsened to -1.95%, with Investor’s raking up losses of N440.99 billion.

Have you read? UAC of Nigeria Plc completes unbundling of UPDC Real Estate Investment Trust

High flying AIICO Insurance totally lost its momentum by the end of trading. The stock price had raced to N0.91 in the opening minutes of trading, but closed at N0.82, 1.20% lower than its opening price.

Activity Level

The activity level was mixed, as the volume of shares traded increased while the value of shares traded and the no of deals done decreased.

335.48 million shares worth N3.55 billion was traded in 3,891 deals. This represents a 49.16% increase in volume, 4.20% decrease in value and 10.16% decline in value of shares traded when compared to Tuesday’s figures.

FBNH, UNIVINSURE and ZENITHBANK Shares were the most traded by volume, with 133.99mn, 36.19mn, and 18.393mn shares respectively.

Shares of FBNH, ZENITHBANK and GTCO were the top three most traded shares by value. Shares worth N1.57bn, N440.11mn and N334.80mn  of FBNH, ZENITHBANK and GTCO respectively were exchanged.

Performance of Indices under our watch

The performance of the five indices under our watch are as below;

  • Consumer Goods Index: -0.14% (546.42 Points)
  • Industrial Goods Index: +0.04% (2193.85 Points)
  • Oil & Gas Index: -0.12%(360.92 Points)
  • Banking Index: -1.15% (386.30 Points)
  • Insurance Index: +0.77% (18906 Points)

Investor Sentiment

Investors sentiment as measured by market breadth (advance/decline ratio) remained weak at  0.7x higher than the 0.5x recorded on Wednesday, as 15 stocks gained while 23 stocks also lost.

Top Gainers:

  • CORNERSTONE gained 7.69% to close at N0.56
  • MANSARD gained 7.55% to close at N2.28
  • CHAMS gained 5.00% to close at N0.21
  • NGX gained 3.66% to close at N17.00
  • FTNCOCOA gained 2.56% to close at N0.40

Top Losers:

  • MTNN lost 10.00% to close at N171.00
  • AFRIPRUD lost 7.63% to close at N6.00
  • UPDC lost 7.48% to close at N0.99
  • ROYALEX lost 5.56% to close at N0.51
  • HONYFLOUR lost 5.32% to close at N3.74
Nnamdi Maduakor
Nnamdi Maduakor

Nnamdi Maduakor is a Writer, Investor and Entrepreneur

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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

Geregu Power Plc announces first Dividend since listing on NGX

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Atiku heads to Europe on ‘business trip’

Why CBN should not extend naira swap deadline – Atiku

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