Business
Stock market dips as investors lose N74bn
Nigerian stocks ended trading session on Monday on a bearish note with the All Share Index dipping by 0.34% to close at 41,566.86 index points as against the -0.18% plunge recorded last Friday.
Its Year-to-Date (YTD) returns currently stands at +3.22%. Investors lose N74.4 billion.
Nigerian bourse trading turnover also dipped lower as volume plunged by 29.43% as against the 23.39% drop recorded at its last trading session. UBN, FBNH and ACCESS were the most active to boost market turnover.
The market breadth closed positive as UPDCREIT led 23 Gainers as against 16 Losers topped by CHAMPION at the end of today’s session – an improved performance when compared with the previous outlook.
UBA, Fidson, Guiness are among the top gainers while GTbank, Unilever, PZ and Flourmill topped the losers table.
Experts envisage cautious buying, on the sentiments that recent price actions reveal Nigerian stocks’ bullish run is softening in the near term. However, stock traders anticipate more upsides are still in play for the long term at the world’s most outstanding stock market.
-
Comments and Issues5 days agoCan President Tinubu Revive Nigeria’s Moribund Refineries?
-
Business5 days agoTikTok, ByteDance agree to $400m settlement in US children’s privacy case
-
Business5 days agoTinubu knocks Atiku’s subsidy plan, says proposal shows ‘ignorance’ of economy
-
Entertainment7 days agoPoco Lee faces rape allegation as unverified UK arrest report spreads online
-
Latest1 week agoTinubu files: US Judge grants four-day extension in FOIA disclosure battle
-
Football5 days agoEPL 2026/27: Experts back Arsenal for title as Haaland, Rice lead individual award picks
-
Featured5 days agoEconomic Reality vs Party Machinery: What will drive Nigeria’s 2027 election?
-
Business1 week agoStandard Bank eyes stake in OPay ahead of planned $4bn US IPO