Friday, June 2, 2023
No Result
View All Result
SUBSCRIBE
eNaira Online News
  • Home
  • eNaira
  • Capital Market
  • Business
  • Finance
  • Banking
  • PF
  • Companies
  • Crypto
  • Real Estates
  • Opinion
  • Home
  • eNaira
  • Capital Market
  • Business
  • Finance
  • Banking
  • PF
  • Companies
  • Crypto
  • Real Estates
  • Opinion
eNaira Online News
No Result
View All Result

NGX starts the month of June losing N8.7 billion in capitalization

by e-Naira Online News
June 3, 2022
in Capital Market
Reading Time: 2 mins read
A A
0
Home Capital Market
Share on FacebookShare on Twitter


The Nigerian exchange has posted losses in three consecutive trading sessions, as profit-taking continues in the space. Declines from OKOMUOIL, CONOIL and FBNH today, saw the market capitalization to lose N8.7 billion.

The All-share Index (ASI) depreciated by 0.03% from 52,990.28 basis points to close at 52,974.15 basis point. In the same vein, the Market Capitalization also lost 0.03% to close at N28.55 trillion. Year-to-Date (YtD), the NGX is still one of the top-performing markets in the world as it has gained 24.01% so far.

Market breadth closed negative as ETERNA led 14 gainers, and 20 Losers topped by OKOMUOIL at the end of today’s session. On a sectoral level, 3 of the 5 major indices of the Nigerian Exchange closed negative. NGX Banking, Oil and Gas and Insurance Indices lost 0.30%, 0.20% and 0.49%. The NGX Consumer Goods sector closed positive by 0.09%, while the NGX Industrial sector closed flat.

NGX Top ASI gainers

  • ETERNA up +9.90% to close at N7.44
  • FTNCOCOA up +9.38% to close at N0.35
  • NAHCO up +8.57% to close at N7.22
  • IKEJAHOTEL up +7.83% to close at N1.24
  • TRANSCORP up +4.00% to close at N1.30

NGX Top ASI losers

  • OKOMUOIL down – 10.00% to close at N193.50
  • NCR down – 9.77% to close at N3.60
  • CONOIL down – 8.35% to close at N29.10
  • NEIMETH down – 7.19% to close at N1.55
  • FIDELITYBK down – 4.71% to close at N3.24

Top 3 by Volume

  • TRANSCORP – 121,837,002
  • GTCO – 20,123,537
  • CONOIL – 16,954,814

Top 3 by Value

  • AIRTELAFRI – N573,233,971.30
  • CONOIL – N493,419,788.60
  • GTCO – N454,746,029.30

OKOMUOIL, CONOIL and FBNH weighed on the market but the market was helped by the gains seen in BUAFOODS. However, the gains seen in one of the SWOOTs was not enough to stem the bleeding caused by intense profit-taking.

There is a concern that the interest rate hike may just be coming into effect as investors have gone back to the drawing board to analyse the impact of the policy decision by the CBN.

Related



Source link

Tags: billioncapitalizationJuneLosingMonthN87NGXStarts
Previous Post

Nadal reaches 14th French Open final as Zverev quits with injury

Next Post

Investors make N49.8bn as Nigeria’s capital market rebounds from bearish run

Related Posts

CONOIL Plc leads NGX’s positive start to June
Capital Market

CONOIL Plc leads NGX’s positive start to June

by e-Naira Online News
June 1, 2023
Stock market rises further by 0.07%
Capital Market

Stock market rises further by 0.07%

by e-Naira Online News
June 1, 2023
NGX gains N17 billion as stocks maintain bullish momentum
Capital Market

NGX gains N17 billion as stocks maintain bullish momentum

by e-Naira Online News
May 31, 2023
Stocks gain N13bn as investors continue to price-in Tinubu’s pro-market policies
Capital Market

Stocks gain N13bn as investors continue to price-in Tinubu’s pro-market policies

by e-Naira Online News
May 31, 2023
Nvidia hits $1tn market cap as chipmaker rides AI wave –
Capital Market

Nvidia hits $1tn market cap as chipmaker rides AI wave –

by e-Naira Online News
May 30, 2023
Next Post
Investors make N49.8bn as Nigeria’s capital market rebounds from bearish run

Investors make N49.8bn as Nigeria’s capital market rebounds from bearish run

I have high regard and respect for Buhari – Tinubu

I have high regard and respect for Buhari - Tinubu

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Why new Kano Governor, Abba Yusuf is seizing public assets sold by Ganduje

Why new Kano Governor, Abba Yusuf is seizing public assets sold by Ganduje

May 30, 2023
Dollar To Naira Exchange Rate Today (Wed. May 31, 2023)

Dollar To Naira Exchange Rate Today (Wed. May 31, 2023)

May 31, 2023
NNPCL chief, Kyari, claims fuel subsidy ‘vanished’ in Nigeria February

NNPCL chief, Kyari, claims fuel subsidy ‘vanished’ in Nigeria February

June 1, 2023
Capital Market Ready To Spur Investment In Infrastructure—Yuguda

Capital Market Ready To Spur Investment In Infrastructure—Yuguda

June 1, 2023
BREAKING: CBN Denies Devaluing Naira

BREAKING: CBN Denies Devaluing Naira

June 1, 2023
Tinubu meets Kalu, Abbas in Aso Rock Villa⁣⁣

Tinubu meets Kalu, Abbas in Aso Rock Villa⁣⁣

June 1, 2023
CONOIL Plc leads NGX’s positive start to June

CONOIL Plc leads NGX’s positive start to June

June 1, 2023
Stock market rises further by 0.07%

Stock market rises further by 0.07%

June 1, 2023
Nigeria’s Tax-To-GDP Ratio Is Now 10.86%

Nigeria’s Tax-To-GDP Ratio Is Now 10.86%

June 1, 2023
Monitoring Board completes revisions to its Charter and MoU with the IFRS Foundation

Monitoring Board completes revisions to its Charter and MoU with the IFRS Foundation

June 1, 2023

Get the free newsletter

eNaira Online News

Get the latest news and follow the coverage of eNaira, Business & Financial, Stock Market, Analysis, and more from the trusted sources.

CATEGORIES

  • Banking
  • Business
  • Capital Market
  • Companies
  • Crypto
  • eNaira
  • Finance
  • Opinion
  • Personal Finance
  • Real estate
  • Uncategorized
No Result
View All Result

GET THE FREE NEWSLETTER

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 e-Naira Online News.
e-Naira Online News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • eNaira
  • Capital Market
  • Business
  • Finance
  • Banking
  • PF
  • Companies
  • Crypto
  • Real Estates
  • Opinion

Copyright © 2022 e-Naira Online News.
e-Naira Online News is not responsible for the content of external sites.