• Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
Friday, August 15, 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 market capitalisation sheds N176bn over selloffs  

Nathaniel Irobi by Nathaniel Irobi
August 28, 2024
in Business
0
NGX market capitalisation sheds N176bn over selloffs  
0
SHARES
3
VIEWS
FacebookTwitterWhatsappEmailTelegram

RelatedPosts

Naira Rises to N1,555/$ in Parallel Market

BREAKING: Nigeria’s Non-oil Exports Reach $3.225 Billion In First Half of 2025 – NEPC

Dangote Refinery Begins Phased Receipt Of 4, 000 CNG Trucks

The domestic bourse on Wednesday halted its three consecutive sessions of gain, as the market capitalisation shed N176 billion or 0.32 per cent.

Specifically the Nigerian Exchange Ltd. (NGX) market capitalisation which opened at N55.437 trillion, closed at N55.261 trillion.

The All-Share Index also lost 0.32 per cent or 307 points to close at 96,203.65, against 96,510.13 recorded on Tuesday.

Consequently, the Year-To-Date (YTD) return decreased by 28.66 per cent.

Selloffs in MTN Nigeria, alongside FBN Holdings, Access Corporation, Wema Bank, amongst other declined equities were the primary drivers of the market’s weak performance.

However, market breadth closed positive with 35 gainers and 14 losers on the floor of the Exchange.

Industrial and Medical Gases led the gainers table by 10 per cent to close at N26.40; and Chams followed with 9.95 per cent to close at N2.32 per share.

Oando gained 9.94 per cent to close at N57.85; Livestock Feed Plc rose by 9.91 per cent to close at N2.24; and Eterna Plc advanced by 9.84 per cent to close at N27.90 per share.

Neimeth International Pharmaceuticals led the losers’ table by 9.09 per cent to close at N2, while Tantalizers trailed by 8.64 per cent to close at 74k per share.

MTN Nigeria lost 7.91 per cent to close at N184; Thomas Wyatt dropped 7.06 per cent to close at N1.58; while Jaiz Bank shed 6.25 per cent to close at N2.25 per share.

ALSO READ:  Transactions on Nigerian Stock Market Hit N3.4 Trillion in 5 Months

Analysis of the market activities showed trade turnover settled lower relative to the previous session, with the value of transactions lowering by 19.59 per cent.

A total of 446.61 million shares valued at N4.53 billion were exchanged in 10,148 deals, compared to 443.16 million shares valued at N5.64 billion traded in 8,493 deals posted previously.

On the activity chart, Universal led in volume with 52.60 million shares valued at N18.78 million; while Japaul Gold followed with 51.80 million shares worth N145.32 million to lead the chart in value.

Prestige sold 35.82 million shares valued at N19.53 million; Tantalizers traded 35.14 million shares worth N28.22 million; and Chams transacted 28.73 million shares worth N65.52 million. (NAN

Tags: capitalisation
Nathaniel Irobi

Nathaniel Irobi

Related Posts

Naira Appreciates to N1,560 /$ in Parallel Market

Naira Rises to N1,555/$ in Parallel Market

by Nathaniel Irobi
August 13, 2025
0

The Naira yesterday appreciated to N1,555 per dollar in the parallel market from N1,560 per dollar on Monday. Similarly, the...

BREAKING: Nigeria’s Non-oil Exports Reach $3.225 Billion In First Half of 2025 – NEPC

BREAKING: Nigeria’s Non-oil Exports Reach $3.225 Billion In First Half of 2025 – NEPC

by Nathaniel Irobi
August 10, 2025
0

The Nigerian Export Promotion Council has announced that the country’s non-oil exports climbed to $3.225bn in the first half of...

Dangote Refinery to Build 1.6m-Barrel Fuel Storage Tanks in Namibia

Dangote Refinery Begins Phased Receipt Of 4, 000 CNG Trucks

by Nathaniel Irobi
August 10, 2025
0

The Dangote Refinery has commenced phased receipt of the 4,000 Compressed Natural Gas (CNG) trucks as its petroleum products distribution...

Recommended

Navy Busts 71 illegal Refineries, Seizes 411,000 Litres of Stolen Crude

Navy Busts 71 illegal Refineries, Seizes 411,000 Litres of Stolen Crude

7 days ago
Intelligence Report: Northern Group Commends DSS, As Farmers Return To Fields

Intelligence Report: Northern Group Commends DSS, As Farmers Return To Fields

4 days ago

Popular News

  • Cross River State Triumphs at Prestigious All-women Interstate Debate

    Cross River State Triumphs at Prestigious All-women Interstate Debate

    0 shares
    Share 0 Tweet 0
  • Sokoto GBV RT Demands Immediate Justice For Brutalized 14 Year Old Bashariya 

    0 shares
    Share 0 Tweet 0
  • BRGIE Acting Prime Minister Provides Explosive Testimony to U.S. Congress Calling For Release of Mazi Nnamdi Kanu & Simon Ekpa

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

    0 shares
    Share 0 Tweet 0
  • Rahila Bags Presidential’s NYSC Honours Award For Community Service

    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 (760)
  • Education (222)
  • Entertainment (314)
  • Health (200)
  • National (2,302)
  • News (8,531)
  • Opinion (313)
  • Politics (1,679)
  • Science (15)
  • Security (407)
  • Sports (462)

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