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Nigerian bourse shed N15 bn amid fall industrial goods stocks Vitafoam, Beta Glass, Guinness and Transcorp drove losses in a market beset by prolonged profit-making. ADVERTISEMENT Nigerian stocks fell further on Wednesday as equities went down by 0.07 per cent or N15.188 billion as sell pressure on some mid-cap and industrial goods stocks weighed on trade. Vitafoam, Beta Glass, Guinness and Transcorp drove losses in a market beset by prolonged profit-making. The Industrial Goods Index was the day’s worst performer of the five sectorial indices, sliding by 0.80 per cent to 1,913.49 index points on account of depreciation recorded by Beta Glass and BUA Cement. ....
Investors lose N15bn as equities market further depreciates tribuneonlineng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneonlineng.com Daily Mail and Mail on Sunday newspapers.
Bears maintain dominance on NSE, market drops further by N15bn On Kindly Share This Story: The bears maintained leadership on the Nigerian Stock Exchange (NSE) on Wednesday with investors losing N15 billion due to persistent profit taking on blue chips. Specifically, the market capitalisation dipped N15 billion or 0.07 per cent to close at N21.169 trillion in contrast with N21.184 trillion recorded on Tuesday. Also, the All-Share Index dropped 29.03 points or 0.07 per cent to close at 40,465.32 from 40,494.35 posted on Tuesday. The month-to-date loss increased to 4.6 per cent, while the year-to-date gain moderated to 0.50 per cent. The downturn was impacted by losses recorded in medium and large capitalised stocks, amongst which are Beta Glass, Japaul Gold, Fidson Healthcare, Consolidated Hallmark Insurance and Vitafoam. ....
Delta police team escape attack by suspected kidnappers On By Perez Brisibe, Ughelli A team of policemen attached to the Ughelli Police Area Command in Ughelli North local government area of Delta State, Wednesday escaped death after an attack by a gang of gunmen suspected to be kidnappers. The incident happened at a bushy area near Beta Glass company of Ekakpamre community. Eyewitnesses at the scene of the incident said the policemen who were on routine patrol were taken off guard by the hoodlums who shot sporadically at the police team. Confirming the incident yesterday, a security source from the command disclosed that the officers involved have been issued queries by the Ughelli Area Commander, Mr Lawal Shinkafi for allegedly embarking on illegal patrol. ....
Last week, the Nigerian bourse reported gains Monday through Wednesday but saw a marginal loss on Thursday, with the week’s corporate actions and some technical factors informing Ripples Nigeria Stocks Watchlist. Altogether, the market was up by N1.388 trillion regardless of limited trade sessions triggered by the public holiday on Friday, commemorating Christmas. We have selected a group of stocks you should watch out for this week on the basis of developments in the market last week and a number of technical factors. Ripples Nigeria Stocks Watchlist is a selection of stocks monitored for viable trading or investing opportunities. An investor may casually generate a list of equities for investment purposes. But we have taken the pain to do that based on certain parameters in order to save you that hassle. ....