The persistent downward trend on the Nigerian Stock Exchange continued on Wednesday with Dangote Cement leading the losers’ table.
Browsing: Ambrose Omordion
Data obtained by the News Agency of Nigeria from the exchange in Lagos indicated that banking equities dominated the gainers’ table with Fidelity Bank emerging the best performing stock in percentage terms.
Data obtained by the News Agency of Nigeria from the exchange showed that the All-Share Index during the period shed 2,169.33 points or 5.86 per cent to close at 34,848.45 against 37,017.78 in July.
The market capitalisation lost N40 billion or 0.31 per cent to close at N12.883 trillion compared to N12.923 trillion achieved on Monday.
Stocks on Nigerian Stocks Exchange extended their losing streak on Thursday following mixed second quarter earnings of companies and anxiety over 2019 general elections.
The News Agency of Nigeria reports that Tantalizers emerged the worst performing equity in percentage terms with 41.67 per cent.
The market capitalisation shed N39 billion or 0.30 per cent to close at N13.166 trillion against N13.205 trillion on Tuesday.
The data showed that CCNN’s stock during the period increased by 152.63 per cent to close at N24 against the year’s opening price of N9.50 per share.
Ambrose Omordion, the Chief Operating Officer, InvestData Ltd, attributed the development to profit taking.
Specifically, the All-Share Index dropped by 39.08 points or 0.10 per cent to close at 38,605.07 compared with 38,644.15 achieved on Tuesday, due to losses by some highly capitalised stocks.
Market statistics obtained by the News Agency of Nigeria showed that the market capitalisation which opened trading on May 21 at N14.660 trillion shed N416 billion or 2.84 per cent to close trading on May 25 at N14.244 trillion.
The News Agency of Nigeria reports that the All-Share Index rebounded by 377.55 points or 0.93 per cent to close at 40,992.97 against 40,615.42 on Tuesday.
Data gathered by the News Agency of Nigeria showed that the stock which opened for the year at 55k closed for the quarter at N1.22 per share, indicating an increase of 121.82 per cent to emerge the best performing stock.
The operators spoke to the News Agency of Nigeria in separate interviews in Lagos, while reacting to alleged Milost Global Incorporated, New York-based private equity firm failed investment deal in the bank.
The News Agency of Nigeria reports that the index which opened at 41,243.24 shed 441.16 points or 1.07 per cent to close at 40,802.08 amid loses by some highly capitalised equities.
The company’s Chief Research Officer, Ambrose Omordion, said in a statement in Lagos on Monday that the summit was aimed at attracting investors back to the stock market.
The index rose by 9.92 points or 0.02 per cent to close at 42,158.32 compared with 42,148.40 achieved on Tuesday due to marginal price growth by blue chips
Data obtained by NAN from the NSE for the period under review showed that the stock increased by 35.53 per cent to close at N2.06 per share in contrast with the month’s opening price of N1.52.
They told the News Agency of Nigeria in Lagos that further impasse over the issue in the public could dampen public interest in the nation’s capital market.
Wusu said that the momentum oscillators indicated that the market was in the overbought region, an indication that profit taking sentiments would prevail and that was exactly what happened last week.