x

Nigeria stock market starts the month on a negative note – Investors lost N30bn on stock exchange

Investors lost N30bn on Monday as the Nigerian stock market started the month on a negative note amid profit-taking, ending a five-day gaining streak.

The market capitalisation of equities listed on the Nigerian Stock Exchange had risen by 3.44 per cent last week as the market continued its upward trend for five consecutive trading sessions.

Investors gained over N1tn in January as the market capitalisation rose to N22.19tn on Friday from N21.06tn at the start of the month.

The NSE All-Share Index, however, dropped by 0.13 per cent on Monday to 42,357.90 basis points from 42,412.66bps last Friday, while the market capitalisation fell to N22.16tn from N22.19tn.

Twenty-eight stocks recorded price reduction on Monday, with Royal Exchange Plc topping the losers’ table as its share price dipped by 10 per cent to N0.36.

Guinea Insurance Plc saw its share price shed 9.09 per cent to close at N0.20, while African Alliance Insurance Plc dropped by eight per cent to close at N0.23 per share.

Julius Berger Nigeria Plc depreciated by 7.28 per cent to close at N21 per share, while Multiverse Mining and Exploration Plc lost 4.55 per cent to close at N0.21 per share.

Thirty-five stocks recorded gains at the close of trading on Monday, with Honeywell Flour Mill Plc leading the park as it rose by 10 per cent to close at N1.43 per share.

Champion Breweries Plc appreciated by 9.97 per cent to close at N3.42 per share, while McNichols Plc increased by 9.80 per cent to N0.56 per share.

Wapic Insurance Plc gained 9.26 per cent to close at N0.59 per share, while Jaiz Bank Plc increased by 9.23 per cent to close at N0.71 per share.

Hot this week

Editors Urge Government To Create Safe, Enabling Environment For Journalists

· Ask security agents to find missing Vanguard journalist As...

EXCLUSIVE: Buhari orders probe of Isa Funtua, AMCON over keystone and Etisalat

Following the controversy generated by the leading opposition party,...

6 Signs your boyfriend thinks you are ugly -Take note of No. 2

They say there are three kinds of people; the...

2023: South-East, Middle Belt Forum Endorses Peter Obi

The South-East and Middle Belt Forum has endorsed the...

Chinese Embassy Probes Alleged Abandonment of Nigerian Miners in CAR

The Chinese Embassy in Nigeria has launched an investigation...

APC’s Future Bright Under Nentawe’s Leadership — Daduut

By Israel Adamu, Jos Senator Nora Ladi Daduut has congratulated...

Gunmen Open Fire in Plateau, Women and Children Among 14 Killed

By Israel Adamu, Jos At least 14 persons have been...

Aminu Yusha’u Appointed Coordinator of Kano-ACReSAL, Earns World Bank Endorsement

By Jabiru Hassan The World Bank has officially endorsed the...

Double Tragedy in Kaduna: Child Thrown Into Well, Father Slumps and Dies

By Achadu Gabriel, Kaduna Tragedy struck in Sabon Tasha, Kaduna...

From Minister to Party Leader: Plateau Rejoices Over Yilwatda’s APC Chairmanship

By Israel Adamu, Jos Residents of Jos, the Plateau State...

No Hiding Place for Criminals’: Bayelsa Foils High-Profile Abduction

By Amgbare Ekaunkumo, Yenagoa The Bayelsa State Police Command has...

WAFCON Glory Awaits! Bayelsa Governor Sends Powerful Message to Super Falcons

By Amgbare Ekaunkumo, Yenagoa Bayelsa State Governor, Senator Douye Diri,...
spot_img

Related Articles

Popular Categories

spot_imgspot_img