• Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
Tuesday, July 29, 2025
  • Login
No Result
View All Result
NEWSLETTER
Elanza News
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
No Result
View All Result
Elanza News
Home Business

NGX investors lose N70bn to sell-offs

Nathaniel Irobi by Nathaniel Irobi
October 9, 2024
in Business
0
NGX investors lose N70bn to sell-offs
0
SHARES
0
VIEWS
FacebookTwitterWhatsappEmailTelegram

RelatedPosts

Aliko Dangote Retires as Chairman of Dangote Cement

JUST IN: CBN Maintains Interest Rate at 27.5% Amid Inflation Concerns

NNPC Declares N905bn Profit for June, Remits N6.96tn in 5 Months

Sell-offs in MTN Nigeria, alongside Tier-one banking stocks, on Tuesday, shed 0.12 per cent or N70 billion from the Nigerian Exchange Ltd. (NGX) market capitalisation.

Specifically, the market capitalisation, which opened at N56.146 trillion, lost N70 billon to close at N56.076 trillion.

The All-Share Index also dropped 0.12 per cent or 122 points to close at 97,584.81, against 97,706.70 reported on Monday.

As a result, the Year-To-Date (YTD) return decreased by 30.51 per cent.

Losses in Guaranty Trust Holding Company,  Zenith Bank, United Bank For Africa(UBA) as well as Dangote Sugar, Oando, Nigerian Breweries pulled the market performance down.

Market breadth closed negative with 29 losers and 26 gainers.

Guiness led the losers’ chart by 10 per cent to close at N61.20 per share, while Regency Alliance Insurance led the gainers’ chart by 10 per cent to close at 54k per share.

Analysis of the market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 39.92 per cent.

A total of 719.11 million shares valued at N8.34 billion were exchanged in 9,435 deals, compared to 1.31 billion shares valued at N5.96 billion traded in 10,424 deal recorded in the previous session.

Meanwhile, WAPIC led the activity chart in volume with 402.26 million shares, while Seplat led in value with deals worth N2.25 billion.(NAN)

ALSO READ:  GTCO’s 9-month profit accelerates to record N367 billion
Tags: NGX
Nathaniel Irobi

Nathaniel Irobi

Related Posts

Dangote Urges Nigeria to Halt Medical Tourism and Boost Local Drug Production

Aliko Dangote Retires as Chairman of Dangote Cement

by Nathaniel Irobi
July 26, 2025
0

Nigerian businessman and Group President & Chief Executive of Dangote Industries Limited, Aliko Dangote, has retired as chairman of the...

CBN offers $876m to fx markets, pledges more liquidity support

JUST IN: CBN Maintains Interest Rate at 27.5% Amid Inflation Concerns

by Nathaniel Irobi
July 22, 2025
0

The Central Bank of Nigeria (CBN) has opted to keep the Monetary Policy Rate unchanged at 27.5%, as announced by...

NNPCL Records N5.89 trillion Revenue

NNPC Declares N905bn Profit for June, Remits N6.96tn in 5 Months

by Nathaniel Irobi
July 22, 2025
0

NNPC declares N905bn profit for June, remits N6.96tn in 5 months The Nigerian National Petroleum Company Limited (NNPC Ltd.) says...

Recommended

APC Governors Visits, Pray For Radda Over Road Accident

APC Governors Visits, Pray For Radda Over Road Accident

5 days ago
Benue killings: Police Arrest Additional Gun Runners, Recover 2 GPMG, 12 AK47 Rifles, Ammunition

Benue killings: Police Arrest Additional Gun Runners, Recover 2 GPMG, 12 AK47 Rifles, Ammunition

5 days ago

Popular News

  • Kaduna Baptist Church Donates N50,000 Each To 12 Muslims, 4 Retired Pastors

    Kaduna Baptist Church Donates N50,000 Each To 12 Muslims, 4 Retired Pastors

    0 shares
    Share 0 Tweet 0
  • Cross River State Triumphs at Prestigious All-women Interstate Debate

    0 shares
    Share 0 Tweet 0
  • Haske: The Rise Of A New Movement

    0 shares
    Share 0 Tweet 0
  • Intrigues and Political Uncertainty over 2027 APC Governorship Candidate for Taraba 

    0 shares
    Share 0 Tweet 0
  • Zock Distributes 12 Trucks Of Fertiliser, Includes PDP, LP Members, Others

    0 shares
    Share 0 Tweet 0

Connect with us

Facebook Instagram Twitter Youtube
Elanza logo

Elanza News is your NO 1 online platform for all news update.
#SayNoToFakeNews
Contact Us

Category

  • Arts & Literature (25)
  • Business (749)
  • Education (220)
  • Entertainment (311)
  • Health (197)
  • National (2,236)
  • News (8,333)
  • Opinion (309)
  • Politics (1,649)
  • Science (15)
  • Security (406)
  • Sports (448)

Newsletter

© 2023 Elanza News - The No 1 online news platform

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Politics
  • Business
  • Science
  • National
  • Entertainment
  • Sports
  • Health

© 2023 Elanza News - The No 1 online news platform