Stock market: Investors lose over N233.2 bn first day trading

By -
Investors in the Nigerian stock market yesterday suffered another setback as their investment dropped by over N233.2 billion.
Unlike the Stock market, Forex trading is Online
Stock market
The Nigerian equity market opened the week on a bearish note as the benchmark, All Share Index (ASI) further shed 2.5 points to close at 26,350.18 points on the back of the heightening macroeconomic risk underlined by the continuous slide in crude oil prices and foreign exchange uncertainties which have kept sentiment negative.
Market capitalisation, another stock market gauge declined N233.2billion to close at N9.1trillion. The bearish trade was majorly driven by sell down pressure in blue-chip Industrial and Consumer tickers. Dangote Cement dropped by 4.3 per cent , WAPCO   declined by 9.7 per cent and Nigerian Breweries shed 3.0 per cent . Market activity also waned as aggregate volume and value of traded equities declined 45.8 per cent and 29.2 per cent to 127.7million units and N1.4billion respectively.
All sector indices closed in the red. It was led by the Industrial Goods index which dipped 6.4 per cent. Afrinvest Research stated that the sector was weighed-down by selloffs in Dangote Cement , which shed 4.3 per cent  and Lafarge 9.7 per cent.
The Consumer Goods and Insurance indices both trailed with a 1.5 per cent decline each. 

Popular posts from this blog

Does Lil Wayne have cancer?

By -
Image
Does Lil Wayne have cancer? After the last attack of Lil Wayne, we can briefly summarize that codeine has already affected the hip-hop culture and why its systematic use can be your biggest mistake in life. Is Lil Wayne ill right now? We’ll find out right now! In summer it became known that a private jet of Lil Wayne was forced to land because the actor suddenly had an attack. When the plane took off for the second time, the rapper became ill again, after which he was taken to the hospital. Does Lil Wayne have cancer? Fortunately for Wayne, for the umpteenth time, everything ended well. However, the cause of such health problems is very simple - the use of codeine preparations. Syrup, lin, purple drink - call it what you want - this drink had not very positive effect on hip-hop after it appeared in the south. Yes, over the years it has already become a part of the culture, and a lot of songs were written not only by the rappers – there were hundreds of them. However, it
Read more

Police dismisses bomb scare in Lagos

By -
Image
- Lagos state police commissioner Fatai Owoseni has declared Lagos state safe from explosion after officers found what was earlier thought to be a bomb in Agege area of the state - Owoseni told reporters after Lagos' monthly Security Council Meeting chaired by Governor Akinwumi Ambode that the package was just trash stuck into a manhole Lagos state police commissioner Fatai Owoseni has allayed fears of a bomb in Lagos. The Lagos state police command has dismissed the substance discovered in Agege area of Lagos state and initially thought to be an Improvised Explosive Device (IED). The Nation reports that state police commissioner Fatai Owoseni, who briefed reporters at the end of the monthly Security Council Meeting chaired by Governor Akinwumi Ambode, said what the police thought to be a bomb was actually piece of thrash stuck into a manhole. READ ALSO:  Police arraign housemaid for stealing N700,000 with broom He said:  “Early this morning, we were alerted
Read more

Survivor

By -
Image
Details   Movie:  Survivor - BRRip   Category:  Hollywood   Description:  A Foreign Service Officer in London tries to prevent a terrorist attack set to hit New York, but is forced to go on the run when she is framed for crimes she did not commit.   Length:  1:36 Hrs   Downloads:  11477 Like our facebook fan page to get every single update and news:  Download     Click Here To Download Part 1   Click Here To Download Part 2   Click Here To Download Part 3   Survivor - BRRip is also available in small size and low resolution 3gp format for low end phones  Please click here to download Survivor - BRRip in 3gp format Comments (Via Facebook)
Read more