By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Nigerian News, Politics, Business, Economy, Investment, Entertainment and Sports.Nigerian News, Politics, Business, Economy, Investment, Entertainment and Sports.Nigerian News, Politics, Business, Economy, Investment, Entertainment and Sports.
  • News
    • News Menu
  • Business
  • Economy
  • Governance
  • Politics
    • North Central
      • Benue Update
      • Kogi Update
      • Kwara Update
      • Nasarawa Update
      • Niger Update
      • Plateau Update
      • FCT Update
    • North East
      • Adamawa Update
      • Bauchi Update
      • Borno Update
      • Gombe Update
      • Taraba Update
      • Yobe Update
    • North West
      • Jigawa Update
      • Kaduna Update
      • Kano Update
      • Katsina Update
      • Kebbi Update
      • Sokoto Update
      • Zamfara Update
    • South East
      • Abia Update
      • Anambra Update
      • Ebonyi Update
      • Enugu Update
      • Imo Update
    • South South
      • Akwa Ibom Update
      • Bayelsa Update
      • Cross River Update
      • Delta Update
      • Edo Update
      • Rivers Update
    • South West
      • Ekiti Update
      • Lagos Update
      • Ogun Update
      • Ondo Update
      • Osun Update
      • Oyo Update
  • Sports
    • SOCCER
      • Football
      • Sports
      • AFCON
      • NPFL
      • Premier League
    • EURO SOCCER
      • Champions League
      • Europa Conference
      • Europa League
      • La Liga
      • Boxing
      • Tennis
      • UFC
  • Editorial
  • MORE
    • Opinion
    • Entertainment
    • Investigation
    • Politics Lite
    • Publications
    • Travelogue
Reading: Nigeria’s Equity Market Declines By N6bn
Share
Notification Show More
Font ResizerAa
Nigerian News, Politics, Business, Economy, Investment, Entertainment and Sports.Nigerian News, Politics, Business, Economy, Investment, Entertainment and Sports.
Font ResizerAa
  • Politics
  • Business
  • Technology
  • News
    • News Menu
  • Business
  • Economy
  • Governance
  • Politics
    • North Central
    • North East
    • North West
    • South East
    • South South
    • South West
  • Sports
    • SOCCER
    • EURO SOCCER
  • Editorial
  • MORE
    • Opinion
    • Entertainment
    • Investigation
    • Politics Lite
    • Publications
    • Travelogue
Have an existing account? Sign In
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Nigerian News, Politics, Business, Economy, Investment, Entertainment and Sports. > Blog > Business > Nigeria’s Equity Market Declines By N6bn
Business

Nigeria’s Equity Market Declines By N6bn

admin
Last updated: October 25, 2023 7:30 pm
admin
3 years ago
Share
Equity Market Resumes Week Negatively, Sheds N57bn
SHARE

Transactions on the floor of Nigerian Exchange on Wednesday closed on negative note, shedding N6 billion.

Market capitalisation of listed equities declined by 0.02 per cent to N36.923 trillion from N36.929 trillion reported on Tuesday.

The NGX All Share Index also depreciated by 11.61 basis points to 67206.16 points from 67217.77 points reported the previous day.

A review of the investment showed that Multiverse led gainers table, growing by 9.74 per cent to close at N2.93 per share, Chams Plc followed with a gain of 9.71 per cent to close at N1.92 per unit, Caverton Business Solutions added 9.35 per cent to close at N1.52 per unit, FTNCocoa Plc up by 8.97 per cent to close at N1.70 per unit while Geregu powers increased by 7.71 per cent to close at N370.00.

On the contrary, ETranzact and SUNU Assurance recorded the highest loss, shedding 10 per cent each to close at N7.56 and N0.99 per share. Deep Capital trailed at 7.41 per cent to close at N0.25 per share, Eterna Plc dropped by 7.41 per cent to close at N13.75 per unit, United Bank for Africa down by 5.79 per cent to close at N18.75 per share.

Volume of trades increased by 9.756 million, representing 3.05 per cent as investors traded 329.660 million shares valued at N4.410 billion in 5998 deals against 319.904 million shares costing N6.330 billion in 6272 deals.

Transactions in the shares of Fidelity Bank led market activities with 50.319 million shares valued at N411.728 million, AccesCorp plc followed with 43.186 million shares worth N30.101 million, Chams Plc traded 26.650 million shares cost N50.127 million, United Bank for Africa exchanged 25.848 million shares cost N502.077 million while GTCO Plc exchanged 20.630 million shares cost N733.793 million.

You Might Also Like

Carbon Acquires Vella Finance to Boost SME Banking
Court Gives Two Kano Judges 48 Hours To Resign
Despite bargain hunting, equity market gains N52bn
CBN Suspends Charges On Cash Deposits 
Chinese Yuan strengthens to 7.1456 against dollar
TAGGED:economic newsequity marketFinancial downturnFinancial Market UpdateMarket fluctuationsmarket valueNigeriaNigerian Stock ExchangeStock market declineStock market performance
Share This Article
Facebook Email Print
Previous Article IPPIS: Be Verified By Friday Or Face Deletion, FG Warns Civil Servants
Next Article Tax Tribunal Orders MTN To Pay FIRS $72.6m
Leave a Comment

Leave a Reply Cancel reply

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

about us

We influence 20 million users and is the number one business and technology news network on the planet.

Find Us on Socials

© Nigerian Anchor. All Rights Reserved.
na_logo
Join Us!
Subscribe to our newsletter and never miss our latest news, podcasts etc..
[mc4wp_form]
Zero spam, Unsubscribe at any time.
NA Logo For Search
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?