Home Life Style Good News – Nigeria stock market opens week with N83 billion loss

Good News – Nigeria stock market opens week with N83 billion loss

by Good News

Good News – Authors: News Agency Of Nigeria August 30, 2021 8: 11 PM Market sentiment closed certain with 21 gainers in relative to 18 losers. Procuring and selling on the nation’s bourse resumed for the week on a unfavourable mood with a loss of N83 billion following sell strain on bellwether shares. Particularly, the market capitalisation which opened for the week at N20.572 trillion dipped N83 billion or 0.40 per cent to terminate at N20.489 trillion. Also, the All-Share Index lost 158.98 choices or 0.40 per cent to terminate at 39,326.67 from 39,485.65 recorded on Friday. Accordingly, month-to-date create moderated to 2.0 per cent, while 365 days-to-date loss increased to 2.3 per cent. The market loss became as soon as driven by designate depreciation in large and medium capitalised shares amongst which are Dangote Cement, Eterna, Oando, Ecobank Transnational Incorporated, Champion Breweries and Zenith Bank. This week, analysts at United Capital Plc anticipated the pendulum of sentiments to be swayed by the final result of audited numbers of the substantial banks. Market sentiment closed certain with 21 gainers in relative to 18 losers. Champion Breweries led the losers’ chart in percentage terms by 7.73 per cent to terminate at N2.03 per portion. Eterna adopted with 7.20 per cent to terminate at N6.96 while Linkage Assurance shed 6.45 per cent to terminate at 58okay per portion. Oando lost five per cent to terminate at N4.56 while Caverton Offshore shed 4.86 per cent to terminate at N1.76 per portion. Conversely, Honeywell Flour Mills dominated the gainers’ chart in percentage terms with 9.86 per cent to terminate at N3.90 per portion. UACN Property adopted with 9.84 per cent to terminate at N2.01 while Associated Bus Company rose by 9.09 per cent to terminate at 36okay per portion. Presco garnered 8.90 per cent to terminate at N79.50 while FTN Cocoa processors most traditional by 8.33 per cent to terminate at 52okay per portion. Nevertheless, the total quantity of trades increased by 29.27 per cent to 301.01 million units valued at N1.54 billion exchanged in 4,715 deals. This became as soon as in distinction with a complete of 232.85 million shares fee N1.85 billion traded in 3,351 deals on Friday. Transactions within the shares of Transcorp topped the job chart with 51.691 million shares valued at N46.84 million. Honeywell Flour Mills adopted with 43.73 million shares fee N167.91 million, while Consolidated Hallmark Insurance protection traded 17.61 million shares valued at N10.63 million. Oando traded 16.12 million shares valued at N71.45 million, while UPDC transacted 15.11 million shares fee N29.91 million. Authors: News Agency Of Nigeria JOIN OUR PULSE COMMUNITY! Don’t chase over a ingredient! Salvage notifications for vital news & occasions appropriate to your browser Welcome to the Pulse Neighborhood! We’re going to have the choice to now be sending you a everyday newsletter on news, leisure and more. Even be a half of us at some stage in all of our other channels – we desire to be linked!

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