• Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
Wednesday, August 20, 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

Stock market dips further, sheds N931bn

Nathaniel Irobi by Nathaniel Irobi
January 16, 2025
in Business
0
Stock market dips further, sheds N931bn
0
SHARES
9
VIEWS
FacebookTwitterWhatsappEmailTelegram

RelatedPosts

Naira Appreciates to N1,550/$ in Parallel Market

NGX Rebounds With N60bn Gain, Led By AIICO, UPDC

Huawei Demonstrates Commitment To Developing Nigerian Workforce Through Job Fair

The equity market, on Wednesday, dipped further as the market capitalisation shed N931 billion or 1.47 per cent to close at N62.257 trillion, having opened at N63.188 trillion.

The All-Share Index also lost 1.47 per cent or 1,526.14 points to close at 102,095.95, against 103,622.09 reported on Tuesday.

Accordingly, the Year-To-Date (YTD) return fell by 0.81 per cent.

Selloffs in Dangote Cement, Guaranty Trust Holding Company(GTCO), United Bank For Africa(UBA) alongside other declined equities kept the market in a negative terrain.

Market breadth closed negatively at 39 losers and 28 gainers.

On the losers log, Dangote Cement and Universal Insurance led by 10 per cent each to close at N387.90 and 63k per share respectively.

John Holt trailed closely by 9.99 per cent to close at N8.47 while Transnational Power dropped by N324 and Omatek declined by 9.89 per cent to close at 82k per share.

Conversely, Dangote Sugar, Sunu Assurances, and National Salt Company led the gainers’ log by 10 per cent each to close respectively at N36.85, N6.71 and N38.50 per share.

Sky Aviation also gained 9.95 per cent to close at N33.15 and Austin Laz added 9.94 per cent to close at N1.99 per share.

Trade turnover settled lower relative to the previous session, with the value of transactions down by 25.99 per cent.

A total of 435.54 million shares valued at N9.44 billion were exchanged in 12,098 deals, compared to 503.31 million shares valued at N12.63 billion traded in 12,900 deals posted previously.

ALSO READ:  Mutfwang promises to make Plateau agric hub

Meanwhile, Universal Insurance led the activity chart in volume with 70.31 million shares, while BUA Foods led in value of deals worth N2.52 billion.(NAN)

Tags: stock market
Nathaniel Irobi

Nathaniel Irobi

Related Posts

Naira Appreciates to N1,550/$ in Parallel Market

Naira Appreciates to N1,550/$ in Parallel Market

by Nathaniel Irobi
August 19, 2025
0

The Naira yesterday appreciated to N1,550 per dollar in the parallel market from N1,560 per dollar last weekend. But the...

Stock Market Rebounds, Appreciates by N404.58bn on Demand for Dangote Cement

NGX Rebounds With N60bn Gain, Led By AIICO, UPDC

by Nathaniel Irobi
August 19, 2025
0

The Nigerian stock market bounced back on Monday, wiping out three straight sessions of losses as investors regained N60 billion...

Huawei Demonstrates Commitment To Developing Nigerian Workforce Through Job Fair

Huawei Demonstrates Commitment To Developing Nigerian Workforce Through Job Fair

by Ojimaojo Abubakar
August 15, 2025
0

Huawei has reaffirmed its commitment to developing Nigeria’s workforce, promising to expand training, competitions and job opportunities for young professionals...

Recommended

Police Rescue 28 Girls Abducted In Katsina

By-Election: Movement Restricts In Sabon Gari, Zaria, Chikun, Kajuru

5 days ago
Two Killed, Three Injured in Ebonyi Mining Pit Collapse

Two Killed, Three Injured in Ebonyi Mining Pit Collapse

2 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 (763)
  • Education (224)
  • Entertainment (315)
  • Health (201)
  • National (2,319)
  • News (8,604)
  • Opinion (314)
  • Politics (1,703)
  • Science (15)
  • Security (409)
  • Sports (471)

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