• About Us
  • Terms & Conditions
  • Contact Us
Monday, October 2, 2023
Investogist
No Result
View All Result
  • Home
  • News
    • All
    • Africa
    • Nigeria
    • World
    Tinubu signs Electricity Act of 2023; States to generate, transmit and distribute electricity

    October 1, 2023: President Tinubu’s full speech on Independence Day

    “CBN plans to shut down financial transactions” – Apex Bank warns of fake news

    CBN assigns roles to new deputy governors

    Nnamdi Kanu’s release: S’Court fixes date for hearing, allows FG to raise new objections

    Supreme Court sets date for hearing Nnamdi Kanu’s case

    Long serving US Senator Dianne Feinstein dies at 90

    Long serving US Senator Dianne Feinstein dies at 90

    FG issues Flood Alert: 13 States, 50 Communities to be affected

    FG, States & LGAs share a total of N1.1 trillion August revenue – FAAC

    Air Force Bombs IPOB/ESN camps in Orsumugho-Anambra, Okigwe-Imo

    Air Force Bombs IPOB/ESN camps in Orsumugho-Anambra, Okigwe-Imo

    Senate confirms nomination of Yemi Cardoso as CBN Governor along with four Deputies

    Senate confirms nomination of Yemi Cardoso as CBN Governor along with four Deputies

    NLC, TUC declare nationwide indefinite strike

    NLC, TUC declare nationwide indefinite strike

    Nigeria declares Wednesday public holiday to celebrate Eid-ul-Maulid

    Nigeria declares Wednesday public holiday to celebrate Eid-ul-Maulid

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Headline Inflation in Nigeria rose to 22.04% in March

    Food prices continue to soar in Nigeria as inflation hits 25.80%

    NERC hikes electricity meter price by 40%

    NERC hikes electricity meter price by 40%

    NNPC says no plan to increase petrol price in March

    Nigeria’s daily petrol consumption dropped by 16.8% in July – report

    Student Loan Act: How to apply for the loan, all you need to know

    Tinubu establishes presidential CNG initiative, targets nationwide adoption

    Subsidy Palliative: FG gives states N5bn to buy rice, maize

    Subsidy Palliative: FG gives states N5bn to buy rice, maize

    FG to streamline taxes from 52 to 10, rename FIRS

    FG to streamline taxes from 52 to 10, rename FIRS

    Student Loan Act: How to apply for the loan, all you need to know

    FG establishes ‘Infrastructure Support Fund (ISF) for the 36 States of the Federation’

    Headline Inflation in Nigeria rose to 22.04% in March

    Inflation in Nigeria rises to 22.79% in June 2023

    CBN extends Naira 4 Dollar Scheme for diaspora remittances until further notice

    CBN includes Naira as payout option for diaspora remittance

    • Policies
    • Budgets
    • Economic Data
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    NGX Daily Equities Market Report: Market gains for third consecutive days

    Nigerian Exchange: Stock Market report for week ended 22 September 2023

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

    Nigerian Exchange: Stock Market report for week ended 15 September 2023

    MTN Nigeria to pay over N200 billion final dividend for 2022

    List of Dividends announced in 2023, qualification and payment dates

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

    Nigerian Exchange: Stock Market report for week ended 8 September 2023

    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    The NGX- ASI declined by 0.07% as VITAFOAM loses 10%

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

    The NGX- ASI gained by 1.11% as Dangote Sugar rises another 10%

    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    The NGX- ASI declined by 0.08% as TRANSCORP falls 9.99%

    TRANSCORP reports 528.45% rise in profit for 2021 FY

    The NGX- ASI gained by 0.51% as TRANSCORP rises above N7

    Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

    The NGX- ASI gained by 0.90% as Dangote Sugar rises above N50

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    Equities Market Recorded Gains… As NGX-ASI Grows Marginally By 0.02%

    JUST IN: BUA reduces price of cement to N3,500 per bag

    UBA Plc profit for H1 2021 grew by 36.35% to N60.58 billion

    UBA announces US$6 billion financing for SMEs in partnership with AfCFTA

    Capital Hotels Plc gives update on voluntary delisting

    Capital Hotels Plc gives update on voluntary delisting

    Court sanctions transfer of Access Bank Plc Shares to Holding Company

    Access Holdings Plc declares 30 kobo interim dividend for H1 2023

    Dr. Cardoso assumes duty as CBN acting Governor

    Dr. Cardoso assumes duty as CBN acting Governor

    AIICO Board of Directors approve Dividend Payment and  2021 Financial Statements

    Ellah Lakes Plc gets SEC approval to raise ₦2.9bn new capital via rights issue

    Kyari claims OVH acquisition grew NNPC Retail’s Q1 2023 profit to N18.4bn

    Kyari claims OVH acquisition grew NNPC Retail’s Q1 2023 profit to N18.4bn

    Fidelity Bank to issue 3.03 billion Ordinary Shares by way of Private Placement

    Fidelity Bank Plc completes acquisition of Union Bank Plc UK

    Zenith Bank posts N174bn profit, earns N28.14bn from Account Maintenance in 9 Months

    Zenith Bank Plc reports N291.73bn profit for Half-Year 2023

    • Companies
    • Industry
    • Technology
  • Sports
    • Football
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    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

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

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

    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

    4 things to consider before buying a laptop

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Financial Education
  • Vacancies
  • Home
  • News
    • All
    • Africa
    • Nigeria
    • World
    Tinubu signs Electricity Act of 2023; States to generate, transmit and distribute electricity

    October 1, 2023: President Tinubu’s full speech on Independence Day

    “CBN plans to shut down financial transactions” – Apex Bank warns of fake news

    CBN assigns roles to new deputy governors

    Nnamdi Kanu’s release: S’Court fixes date for hearing, allows FG to raise new objections

    Supreme Court sets date for hearing Nnamdi Kanu’s case

    Long serving US Senator Dianne Feinstein dies at 90

    Long serving US Senator Dianne Feinstein dies at 90

    FG issues Flood Alert: 13 States, 50 Communities to be affected

    FG, States & LGAs share a total of N1.1 trillion August revenue – FAAC

    Air Force Bombs IPOB/ESN camps in Orsumugho-Anambra, Okigwe-Imo

    Air Force Bombs IPOB/ESN camps in Orsumugho-Anambra, Okigwe-Imo

    Senate confirms nomination of Yemi Cardoso as CBN Governor along with four Deputies

    Senate confirms nomination of Yemi Cardoso as CBN Governor along with four Deputies

    NLC, TUC declare nationwide indefinite strike

    NLC, TUC declare nationwide indefinite strike

    Nigeria declares Wednesday public holiday to celebrate Eid-ul-Maulid

    Nigeria declares Wednesday public holiday to celebrate Eid-ul-Maulid

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Headline Inflation in Nigeria rose to 22.04% in March

    Food prices continue to soar in Nigeria as inflation hits 25.80%

    NERC hikes electricity meter price by 40%

    NERC hikes electricity meter price by 40%

    NNPC says no plan to increase petrol price in March

    Nigeria’s daily petrol consumption dropped by 16.8% in July – report

    Student Loan Act: How to apply for the loan, all you need to know

    Tinubu establishes presidential CNG initiative, targets nationwide adoption

    Subsidy Palliative: FG gives states N5bn to buy rice, maize

    Subsidy Palliative: FG gives states N5bn to buy rice, maize

    FG to streamline taxes from 52 to 10, rename FIRS

    FG to streamline taxes from 52 to 10, rename FIRS

    Student Loan Act: How to apply for the loan, all you need to know

    FG establishes ‘Infrastructure Support Fund (ISF) for the 36 States of the Federation’

    Headline Inflation in Nigeria rose to 22.04% in March

    Inflation in Nigeria rises to 22.79% in June 2023

    CBN extends Naira 4 Dollar Scheme for diaspora remittances until further notice

    CBN includes Naira as payout option for diaspora remittance

    • Policies
    • Budgets
    • Economic Data
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    NGX Daily Equities Market Report: Market gains for third consecutive days

    Nigerian Exchange: Stock Market report for week ended 22 September 2023

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

    Nigerian Exchange: Stock Market report for week ended 15 September 2023

    MTN Nigeria to pay over N200 billion final dividend for 2022

    List of Dividends announced in 2023, qualification and payment dates

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

    Nigerian Exchange: Stock Market report for week ended 8 September 2023

    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    The NGX- ASI declined by 0.07% as VITAFOAM loses 10%

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

    The NGX- ASI gained by 1.11% as Dangote Sugar rises another 10%

    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    The NGX- ASI declined by 0.08% as TRANSCORP falls 9.99%

    TRANSCORP reports 528.45% rise in profit for 2021 FY

    The NGX- ASI gained by 0.51% as TRANSCORP rises above N7

    Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

    The NGX- ASI gained by 0.90% as Dangote Sugar rises above N50

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    Equities Market Recorded Gains… As NGX-ASI Grows Marginally By 0.02%

    JUST IN: BUA reduces price of cement to N3,500 per bag

    UBA Plc profit for H1 2021 grew by 36.35% to N60.58 billion

    UBA announces US$6 billion financing for SMEs in partnership with AfCFTA

    Capital Hotels Plc gives update on voluntary delisting

    Capital Hotels Plc gives update on voluntary delisting

    Court sanctions transfer of Access Bank Plc Shares to Holding Company

    Access Holdings Plc declares 30 kobo interim dividend for H1 2023

    Dr. Cardoso assumes duty as CBN acting Governor

    Dr. Cardoso assumes duty as CBN acting Governor

    AIICO Board of Directors approve Dividend Payment and  2021 Financial Statements

    Ellah Lakes Plc gets SEC approval to raise ₦2.9bn new capital via rights issue

    Kyari claims OVH acquisition grew NNPC Retail’s Q1 2023 profit to N18.4bn

    Kyari claims OVH acquisition grew NNPC Retail’s Q1 2023 profit to N18.4bn

    Fidelity Bank to issue 3.03 billion Ordinary Shares by way of Private Placement

    Fidelity Bank Plc completes acquisition of Union Bank Plc UK

    Zenith Bank posts N174bn profit, earns N28.14bn from Account Maintenance in 9 Months

    Zenith Bank Plc reports N291.73bn profit for Half-Year 2023

    • Companies
    • Industry
    • Technology
  • Sports
    • Football
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    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

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

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

    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

    4 things to consider before buying a laptop

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

The Banking Sector Drags the Equity Market Bearish .…As NGX-ASI Lost by 0.31%

Tuesday, 17 January 2023, 12:41 am
in Markets, 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 NGX-ASI closed bearish with a loss of 0.31% to close at 52,348.82 points and N28.51trillion respectively.

The losses recorded in UBA (4.19%), ACCESSCORP (3.76%), ZENITHBANK (3.72%) and WAPCO (3.56%) were responsible for the loss. Thus, YTD, market has returned 2.14%.

However, market activities increased by 5.10% and 43.12% for total volume of trade and Value of trade to close trading at 206.40million units and N22.93 million respectively.

During trading, UBA was the most traded stock by volume with 22.93 million units, while GTCO was the most traded stock by value with a turnover of N482.50million.

Market sentiment was bearish, with a market breadth of 0.90x, emerging from twenty (20) gainers and twenty-two (22) laggers.

The sectoral performance was dominated by losses from Industrial sector (0.18%), Banking sector (3.39%), and Consumer Goods sector (0.08%). But, Oil & Gas sector (0.09%) and Insurance sector (0.39%) posted gains.

Fixed Income Market
Trading activities at the NTBill market today was bearish, thus average yield increased by 7bps to 3.38%.

In the same vein, trading at the Bonds market was bearish across the short and long end of the curve. Hence, average yield increased by 4pbs to 13.26% from 13.22%.

However, trading activities in the OMO space was calm as trading muted across all tenures. Thus, the average yield sustained its closing figure of 3.35%.

At the Money market, the System liquidity dipped by 40.5% to N258.05bn. But, OBB and O/N rates closed, same as the last trading day, at 9.67% and 10.00% respectively.

At the currency market, the Investors & Exporters exchange rate, appreciated by 40bps to close at N461.50/USD.

Ifunanya Ikueze
Ifunanya Ikueze

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

Related Posts:

  • Equity Market Weekly Review: Bearish Sentiment Persists, Banking Sector Gains for the Week
    Equity Market Weekly Review: Bearish Sentiment Persists,…
  • The NGX-ASI  Lost By 1.04%, as banking sector drops 1%
    The NGX-ASI Lost By 1.04%, as banking sector drops 1%
  • Equity Investors lost N44.87 as sell off persist on Banking stocks
    Equity Investors lost N44.87 as sell off persist on Banking…
  • Equity Market: Bearish Run Thwarts Market Gains…as Insurance Index Contracts 6.1% WoW
    Equity Market: Bearish Run Thwarts Market Gains…as Insurance…
Previous Post

JUST IN: CBN Gov Emefiele resumes duty, not arrested by DSS

Next Post

The Microsoft AI tool that can mimic anyone’s voice

Next Post
Vacancy: Microsoft is recruiting Nigerian and other African graduates

The Microsoft AI tool that can mimic anyone's voice

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
Equities Market Recorded Gains… As NGX-ASI Grows Marginally By 0.02%

JUST IN: BUA reduces price of cement to N3,500 per bag

MTN Nigeria to pay over N200 billion final dividend for 2022

List of Dividends announced in 2023, qualification and payment dates

Tinubu signs Electricity Act of 2023; States to generate, transmit and distribute electricity

October 1, 2023: President Tinubu’s full speech on Independence Day

“CBN plans to shut down financial transactions” – Apex Bank warns of fake news

CBN assigns roles to new deputy governors

Equities Market Recorded Gains… As NGX-ASI Grows Marginally By 0.02%

JUST IN: BUA reduces price of cement to N3,500 per bag

Tinubu signs Electricity Act of 2023; States to generate, transmit and distribute electricity

October 1, 2023: President Tinubu’s full speech on Independence Day

“CBN plans to shut down financial transactions” – Apex Bank warns of fake news

CBN assigns roles to new deputy governors

Nnamdi Kanu’s release: S’Court fixes date for hearing, allows FG to raise new objections

Supreme Court sets date for hearing Nnamdi Kanu’s case

Investogist
info@investogist.com

Follow us

Categories

  • Africa
  • Agriculture
  • Arts & Culture
  • Budgets
  • Business
  • Columnists
  • Commodities
  • Companies
  • Cryptocurrencies
  • Economic Data
  • Economy
  • Editorials
  • Financial Education
  • Football
  • Forex
  • Industry
  • Investogist Business Saturday
  • Job Opportunities
  • Markets
  • Nature
  • News
  • Nigeria
  • Op-ed
  • Opinion & Analysis
  • Places & People
  • Policies
  • Rates & Bonds
  • Sports
  • Stocks/Equities
  • Technology
  • Travel & Tours
  • Vacancies
  • World

Quick Links

  • News
  • Economy
  • Markets
  • Business
  • Opinion & Analysis
  • Travel & Tours

Newsletter

Copyright © 2023 investogist.com, All Rights Reserved

  • About Us
  • Terms & Conditions
  • Privacy Policy
  • Contact Us
No Result
View All Result
  • Home
  • News
    • Nigeria
    • Africa
    • World
  • Economy
    • Policies
    • Budgets
    • Economic Data
  • Markets
    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Business
    • Companies
    • Industry
    • Technology
  • Sports
    • Football
  • Opinion & Analysis
    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Financial Education
  • Vacancies

Copyright © 2023 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