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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

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    Federal Government approves 30-year concession for Enugu Airport

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    NERC has no authority over state tariff – Enugu Electricity Regulator

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    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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    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
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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

    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

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    Shoprite to sell stores in Ghana and Malawi

    Shoprite to sell stores in Ghana and Malawi

    President Tinubu assents to Nigerian Insurance Industry reform bill 2025

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

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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

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

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    How Donald Trump won the 2024 U.S Presidential Election

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    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?

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

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

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NSE daily report: Profit taking in bellwether stocks push market 1.83% down

Tuesday, 5 January 2021, 9:53 pm
in Markets, Stocks/Equities
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Nigerian Stock Market Daily Report: Investors lose N277.597 Billion as sell-off continues
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The bears finally saw the light of day on the Nigerian Stock Exchange, as the benchmark index suffered a significant loss for the first time since December 10th, 2020.

The Nigerian Stock Exchange All-Share Index (NSE ASI) lost 1.83% on Tuesday, dropping by 751.25 to close at 40,396.14 points. Investors lost N362.816 on the day, as the market capitalization also lost 1.83% to settle at N21.122 trillion.

The negative market performance can be attributed to profit taking in bellwether stocks like; Bua Cement Plc (BUACEMENT -5.88%), MTNN (-2.77%), ZENITHBANK (-4.28%), GUARANTY (-2.84%) amongst others.

Of the three highflyers we have been tracking since December 2020, only JAPAULGOLD continued on the upward trajectory. The oil services company, now turned gold mining and services company gained the maximum 8.82% possible to close at N0.74.

  • Read also; What you need to know about Mini-Importation Business
  • No approval for 50% increase in electricity tariff – NERC

The other two highflyers declined on Tuesday; FTNCOCOA lost the maximum 9.72% to close at N0.65, while BUACEMENT lost 5.88% to close at N80.00.

Activity Level

The activity level increased significantly; the volume of traded shares increased by 119.73%, while the value of shares traded increased by 263.56%.

The shares of TRANSCORP was the most traded by volume with 69.158 million shares valued at N64.815 exchanging hands. ZENITHBANK and FCMB were the second and third most traded by volume with 31.707 million and 26.593 million respectively.

ZENITHBANK was the most traded stock by value, with shares worth N788.333 million exchanging hands in 537 deals. NB and MTNN were the second and third most traded stocks by volume, with shares worth N606.483 million and N591.715 million respectively.

Performance of Indices

Only one index under our watch appreciated, while the other four declined;

  1. Insurance Index advanced by 1.56%, following gains in NEM (+9.50%), CORNERST (+6.78%) and SOVRENINS (+9.09%)
  2. Oil & Gas Index fell 0.03% mostly as a result of loss in OANDO (-10.00%)
  3. Consumer Goods Index lost 0.32% on the back of loses in FLOURMILL (-3.15%), DANGSUGAR (-1.08%) and GUINNESS (-3.16%)
  4. Industrial Goods Index dropped by 2.74% following loses in BUACEMENT (-5.88%) and WAPCO (-2.40%)
  5. Banking Index lost 2.98% due to profit taking in ZENITHBANK (-4.28%) and GUARANTY (-2.84%)

Investor Sentiment

Investor sentiment weakened to 0.4x from the 15.5x recorded in the preceding session as 15 stocks gained against 34 losers.

Top 5 gainers by percentage are;

  1. BOCGAS gained 9.72% to close at N10.50
  2. NEM gained 9.50% to close at N1.96
  3. SOVRENINS gained 9.09% to close at N0.24
  4. JAPAULGOLD gained 8.82% to close at N0.74
  5. LIVESTOCK gained 8.63% to close at N1.51

Top 5 losers by percentage are;

  1. OANDO lost 10.00% to close at N3.33
  2. FTNCOCOA lost 9.72% to close at N0.65
  3. MAYBAKER lost 8.55% to close at N3.21
  4. FBNH lost 8.28% to close at N7.20
  5. ABCTRANS lost 7.89% to close at N0.35

Outlook

Despite the loses recorded today, we expect the upcoming earnings season to dictate market direction going forward in the month.

Related Posts:

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    Nigerian stock market daily report: Dangote &…
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    Nigerian stock market daily report: NB, CAP,…
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    NSE daily report: Market gains 0.36% on a day…
  • Banking
    Nigerian Stock Market daily report: Banking stocks…
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