Business

NGX: Market cap drops by N136.8bn despite gains in FCMB, Nigerian Breweries

China imposes sanctions on US Speaker, Nancy Pelosi, after visiting Taiwan
FBI uncovers alleged plot by Al-Qaeda to strike US following killing of leader
China fires powerful missiles into Taiwan in show of anger over visit of U.S Speaker
DR Congo to expel UN spokesman, Gilman
Somalia appoints al-Shabaab co-founder as religion minister
Abia APC group accuses Orji Kalu of fueling disunity, anti-party activities
LAGOS GUBER RACE: APC chieftain, Igbokwe, writes off Jandor as ‘small boy’
Peter Obi’s support group accuses Tinubu, Atiku’s camps of divisive actions
Lagos PDP chieftain, Gbadamosi joins Labour Party, hails Obi-Baba-Ahmed combination
Lai Mohammed wants Google to block IPOB’s access to YouTube
Elon Musk loses $11.9bn, rules out new airport for Tesla
‘It’s circulated to cause panic,’ Polaris Bank dismisses report on planned sale by CBN
NGX: Investors gain N81bn as Honeywell, GTCO lead trades
SEC warns Nigerians against unregistered investment platforms
Currency traders lose millions as Naira gradually recovers
INVESTIGATION: How roadside foods endanger consumers’ life with trans fat in northern Nigeria
INVESTIGATION: Untold story of Ondo oil producing communities battling poor health system
FEATURE: Ogun residents, waste collectors trade blames, as refuse litter environment
INVESTIGATION: How online fraudsters siphon victims’ funds through ‘SportyBet’ platform
SPECIAL REPORT: Enugu govt watches as waste takes over state, threatens public health, environment
FACT-CHECK: Did Tinubu promise to extend sharia rule to Southern Nigeria?
FACT-CHECK: How true are claims by PDP guber candidate, Jandor, on Lagos debt profile?
FACT-CHECK: Atiku claims public servants are free to engage in private businesses. True or false?
FACT-CHECK: Is this crowd from PDP mega rally in Osun?
FACT-CHECK: Did the UK govt arrest Senate delegates who visited Ekweremadu in prison?
Oborududu, Adekuoroye clinch gold medals at Commonwealth Games
Premier League: Arsenal beat Palace 2-0 in season opener
Super Falcons remain No.1 in Africa but drop seven places in world ranking
SportsBusiness: Nigerian govt splashes N10.4m on medal winners at Commonwealth Games
C’Wealth Games: Nwachukwu, Oluwafemiayo break world records to win gold in Discus, Powerlifting
Nigeria’s energy-tech company, Beacon Power, closes $2.7m round. 2 other stories and a trivia
African Epione Health Villages to promote mental health therapy. 2 other stories and a trivia
Egypt’s Homzmart secures $23m pre-Series B funding. 1 other story and a trivia
Lagos–based identity verification startup, Youverify, secures $1m seed funding. 2 other stories and a trivia
Lagos-based VC firm, Oui Capital, closes $30m round. 1 other stories and a trivia
Naira continues recovery at black market after big fall
Naira drops at official, black markets
Naira kicks off August with appreciation across all markets
Naira depreciation continues at unofficial market as BDCs tell CBN what to do
Naira depreciates to N718 at black market, CBN blames NNPC
Published
on
By
The equity capitalization in the Nigerian capital market dropped by -0.50 percent at the close of trading on Wednesday.
After eight hours of trading on the floor of the capital market, the equity capitalization was down by N136.8 billion from N27.20 trillion from N27.06 trillion.
Also, the All-Share Index dropped by 253.82 basis points to close at 50, 188.55 as against the 50,442.37 achieved on Tuesday.
Investors traded 829.51 million shares worth N4.10 billion in 4,977 deals on Wednesday.
This surpassed the 156.16 million shares valued at N2.93 billion traded by investors in 4,618 deals the previous day.
FCMB led the gainers with N0.10kobo to rise from N3 to N3.10kobo per share.
NASCON gained N0.10kobo to move from N11 to N11.10kobo per share.
Nigerian Breweries’ share value was up by N0.20kobo to end trading with N47.70kobo from N47.50kobo per share.
Juli joined the gainers list despite trading flat at N0.79kobo.
Ekocorp’s share also traded flat at N5.79kobo, but still made the gainers’ list.
Prestige topped the losers’ chart after shedding 10 percent to drop from N0.40kobo to N0.36kobo per share.
Jaiz Bank share price dropped by 10 percent to end trading at N0.72kobo from N0.80kobo per share.
Custodian lost N0.70kobo to end trading with N6.30kobo from N7 per share.
Meyer lost N0.25kobo to drop from N2.52kobo to N2.27kobo per share.
Cutix share dropped from N2.25kobo to N2.03 per share after losing N0.22kobo during trading.
Intenegins led the day’s trading with 637.10 million shares valued at N1.01 billion.
Transcorp sold 23.27 million shares worth N23.20 million.
GTCO followed with 15.70 million shares valued at N313.15 million
UBA traded 13.20 million shares worth N92.25 million, while FBN Holdings traded 12.67 million valued at N138.11 million.
Opinions
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.
Donate Now
Senate summons Emefiele over poor state of Naira
BUA Cement’s rising production costs threaten shareholders’ investment
Investors lose N6.8bn as sell-off grips Nigeria’s capital market
NGX: Sell-off in Fidelity Bank, Unity Bank, contributes to shareholders’ N16.7bn loss
Honeywell, Jaiz Bank lead Nigerian capital market’s N364.3bn recovery
Nigeria’s capital market rebounds from bearish trading with N379.1bn gain
Investors lose N281.1bn to massive sell-off in Nigeria’s capital market
Nigeria’s capital market in a six-month low as investors lose N312.4bn to sell-off
Your email address will not be published.




3 × 1 =







With an estimated 854,000 deaths in Nigeria, and 3,229 attributed to trans fatty acids (TFA) -related cardiovascular deaths, ADESOLA IKULAJOLU visited Nigeria’s…
Access to quality healthcare is one of the nightmares of communities in Ilaje local government area of Ondo State. Despite…
TIJANI ABDULKABEER, a journalist from the University of Ibadan, during a recent trip to Sango Otta, Ogun State took a look…
As Nigeria transits into a cashless society, the evolution also creates opportunities for internet scammers to take advantage of unsuspecting…
In this report, Arinze Chijioke looks at how delays in evacuation of waste in Enugu State encourages indiscriminate waste disposal, its health implications, and how…
Copyright © 2021 Ripples Nigeria. All rights reserved.

source

What's your reaction?

Leave A Reply

Your email address will not be published.