Friday, September 29, 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

Oil Slides on Fresh Worries about US Rate Hike

by e-Naira Online News
June 24, 2022
in Finance
Reading Time: 3 mins read
A A
0
Home Finance
Share on FacebookShare on Twitter


By Dipo Olowookere

The major performance indicators of the Nigerian Exchange (NGX) Limited further rose by 0.47 per cent on Thursday as investors jostled for the shares of MTN Nigeria, FBN Holdings, Oando and others.

As for Oando, some traders went for the company’s equities after the board released a statement that the court has granted a request for the buying out of the interests held by minority shareholders, though the price for this transaction has not been fixed.

For those who feel this might be an opportunity to get a share of the cake, they pounced on the energy stock, causing its value to rise by 3.51 per cent at the close of business despite its poor results in the 2019 fiscal year.

Business Post observed that negative investor sentiment returned to the market yesterday as there were 22 price losers and 18 price gainers led by FBN Holdings with a price appreciation of 9.78 per cent to close at N10.10.

FTN Cocoa rose by 9.38 per cent to 35 kobo, Consolidated Hallmark Insurance improved by 8.06 per cent to 67 kobo, Livestock Feeds gained 6.94 per cent to sell at N1.54, while Union Bank appreciated by 6.19 per cent to N6.00.

On the flip side, the duo of Academy Press and Ellah Lakes were the heaviest price losers as they depreciated by 10.00 per cent each to settle at N1.17 and N3.96 respectively. Presco shed 9.84 per cent to N165.00, eTranzact also fell by 9.84 per cent to N2.20, while Meyer lost 9.68 per cent to trade at N2.52.

During the session, the consumer goods sector declined by 0.34 per cent, but the insurance, energy, banking and industrial goods counters appreciated by 0.73 per cent, 0.53 per cent, 0.15 per cent and 0.01 per cent respectively.

Consequently, the All-Share Index (ASI) closed higher by 241.52 points to 51,618.73 points from 51,377.21 points, while the market capitalisation rose by N130 billion to N27.828 trillion from N27.698 trillion.

On the bourse on Thursday, the trading volume, value and number of deals decreased by 2.67 per cent, 10.57 per cent and 11.20 per cent respectively as investors transacted 223.3 million shares worth N2.9 billion in 4,028 deals as against the 229.4 million shares worth N3.2 billion transacted on Wednesday in 4,536 deals.

Mutual Benefits Assurance was the most traded equity during the session as it sold 40.1 million units valued at N10.0 million, Oando traded 28.5 million units worth N168.9 million, FCMB exchanged 24.5 million units for N85.6 million, Access Holdings traded 24.1 million units worth N229.0 million, while FBN Holdings transacted 12.4 million units valued at N121.8 million.

Like this:

Like Loading…

Related





Source link

Tags: freshhikeoilRateSlidesWorries
Previous Post

Abductors kill, bury Zamfara poly officer, seize N4m ransom

Next Post

Recession worries weigh on euro as US stocks advance | The Guardian Nigeria News

Related Posts

Process of seeking my successor must be fair, says Obaseki
Finance

Process of seeking my successor must be fair, says Obaseki

by e-Naira Online News
September 29, 2023
Nasarawa Assembly calls for calm amid protest over alleged sale of liaison office
Finance

Nasarawa Assembly calls for calm amid protest over alleged sale of liaison office

by e-Naira Online News
September 29, 2023
FG targets 350GW of electricity by 2043
Finance

FG targets 350GW of electricity by 2043

by e-Naira Online News
September 28, 2023
Germany, Israel sign historic missile shield deal
Finance

Germany, Israel sign historic missile shield deal

by e-Naira Online News
September 28, 2023
Stop tax wavier to fix debt crisis, IMF tells Nigeria 
Finance

Stop tax wavier to fix debt crisis, IMF tells Nigeria 

by e-Naira Online News
September 28, 2023
Next Post
Recession worries weigh on euro as US stocks advance | The Guardian Nigeria News

Recession worries weigh on euro as US stocks advance | The Guardian Nigeria News

Buhari once again rules out political solution, bail for IPOB leader, Nnamdi Kanu

Buhari once again rules out political solution, bail for IPOB leader, Nnamdi Kanu

Leave a Reply Cancel reply

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

  • Trending
  • Comments
  • Latest
BUA among losers as Nigeria’s stock market drops N36.3bn

BUA among losers as Nigeria’s stock market drops N36.3bn

September 29, 2023
Process of seeking my successor must be fair, says Obaseki

Process of seeking my successor must be fair, says Obaseki

September 29, 2023
A Nigerian presence in Houston: Why Tinubu must act

A Nigerian presence in Houston: Why Tinubu must act

September 29, 2023
Nigerian govt grants N1.8 trillion tax incentives in 2022

Nigerian govt grants N1.8 trillion tax incentives in 2022

September 29, 2023
Nasarawa Assembly calls for calm amid protest over alleged sale of liaison office

Nasarawa Assembly calls for calm amid protest over alleged sale of liaison office

September 29, 2023
Bitcoin needs a weak dollar/Spot ETF approval to break yearly high

Bitcoin needs a weak dollar/Spot ETF approval to break yearly high

September 29, 2023
Nigerian Institute of Builders collaborate with Lagos State to eradicate building collapse

Nigerian Institute of Builders collaborate with Lagos State to eradicate building collapse

September 29, 2023
NGX data reveals drastic drop in stock market transaction for August

NGX data reveals drastic drop in stock market transaction for August

September 29, 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.