Thursday, February 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 market capitalization

by e-Naira Online News
June 1, 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 saw the market capitalization losing 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 points. 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: billioncapitalizationJuneLosingMarketMonthN87NGXStarts
Previous Post

European exchange Bitvavo links with Mercury Redstone to allow easy access to crypto indices » CryptoNinjas

Next Post

Ban: Lagos to crush seized motorcycles Friday

Related Posts

Capital Market

Seplat, Nahco, others cause market’s positive start to February

by e-Naira Online News
February 1, 2023
Capital Market

NGX closes positive as investors gain N142 billion

by e-Naira Online News
February 1, 2023
Capital Market

NGX closes January positive with N44 billion gains — Business — The Guardian Nigeria News – Nigeria and World News

by e-Naira Online News
February 1, 2023
Capital Market

Bourse closes bullish with market cap up N44m – Businessamlive

by e-Naira Online News
January 31, 2023
Capital Market

International Organization of Securities Commissions revises its 2011 principles 

by e-Naira Online News
January 31, 2023
Next Post

Ban: Lagos to crush seized motorcycles Friday

Crypto Analyst Says Cardano, Avalanche and Two Others Have Potential

Leave a Reply Cancel reply

Your email address will not be published.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

  • Trending
  • Comments
  • Latest

British American Tobacco earns alliance for Water Stew — Opinion — The Guardian Nigeria News – Nigeria and World News

January 29, 2023

Crypto Bank Custodia Denied Membership in US Federal Reserve System – Finance Bitcoin News

January 29, 2023

CAP full year PBT rises by 79% to N3.1bn

January 27, 2023

UNCTAD, Islamic Development Bank unite over sustainable investment — Business — The Guardian Nigeria News – Nigeria and World News

January 29, 2023

Guinness grows half year gross profit by 16%

January 27, 2023

Nigeria, others to meet over development in oil sector | The Guardian Nigeria News

January 27, 2023

Vitafoam Plc advocates special FX window for manufacturing sector

January 28, 2023

NIMASA plots CVFF disbursement strategy with banks — Business — The Guardian Nigeria News – Nigeria and World News

January 29, 2023

Two Stocks Trigger 0.05% Loss At Unlisted Stock Exchange

February 2, 2023

Tinubu distancing self from APC’s failure —Atiku’s aide

February 2, 2023

Why rail sector remains moribund, has no profit in 59 years | The Guardian Nigeria News

February 2, 2023

Nigerian universities and the noise of advancing ideas

February 2, 2023

Moody’s downgrades Nigerian banks’ rating

February 1, 2023

8 Black Financial Influencers You Ought to Follow

February 1, 2023

Federal Reserve Raises Benchmark Interest Rate by 0.25%, Disinflationary Process ‘Early,’ Says Powell  – Economics Bitcoin News

February 1, 2023

Geregu Power reports 51% drop in annual profit, proposes N20 billion dividend

February 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.