Insurance Stocks Defy Bearish Trading at Stock Market thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.
Punch Newspapers
Sections
Published 25 May 2021
The Nigerian stock market extended its decline on Monday as 17 companies saw their share prices decline at the end of trading.
Investors in the market lost N600bn last week as the market capitalisation of equities fell below the N20tn mark.
The Nigerian Exchange Limited All-Share Index and market capitalisation declined by 2.93 per cent to close on Friday at 38,324.07 basis points and N19.98tn respectively.
The ASI fell further by 0.10 per cent on Monday to 38,287.58 basis points while the market capitalisation dropped to N19.96tn.
A total of N141.15 million shares valued at N1.09bn were traded by investors in 3,566 deals on Monday.
Punch Newspapers
Sections
Published 29 April 2021
Investors in the Nigerian stock market lost N274bn on Wednesday as 23 firms saw their share prices drop at the end of trading.
The Nigerian Stock Exchange All-Share Index fell by 1.33 per cent to 38,781.48 basis points from 39,305.48bps.
The market capitalisation of equities declined to N20.30tn on Wednesday from N20.58tn on Tuesday.
A total of 259.51 million shares valued at N1.91bn were traded by investors in 3,547 deals at the end of trading on the floor of Nigerian Exchange Limited.
FTN Cocoa a Plc led the losers as its share price dropped by 10 per cent to close at N0.36.
The Lagos State Government has moved against briefcase real estate agents/property developers and artisans saying it will not allow them to take over the real estate sector to the detriment of professionals in the state.
This is as the state government has urged Lagosians to support its efforts to eliminate fraudulent practices in the Real Estate Industry by patronising registered Real Estate Practitioners/Property Developers.
The Special Adviser to the Lagos State Governor on Housing, Mrs Toke Benson-Awoyinka made this known on Friday, March 26, 2020, while reviewing Real Estate practice in the state during an online interview session with Thinkmint Nigeria – a marketing and communications company.
By Goddy Egene
The stock market sustained its positive performance for the second day as the Nigerian Stock Exchange (NSE) All-Share Index (ASI) rose 0.14 per cent to close at 40,221.30, while market capitalisation added N29.5 billion to close at N21.043 trillion.
The gain recorded followed increased buying interest in Lafarge Africa Plc, Zenith Bank Plc and Guaranty Trust Bank Plc. A total of 22 stocks appreciated compared with 20 that depreciated. Market operators said bargaining hunters are positioning for dividends that are being declared for the 2020 earnings season. United Capital Plc and African Prudential Plc had last week announced dividends of 70 kobo and 50 kobo last week.