Proshare Logo
   Market Date: 24-10-2014   
Agriculture All One Min News Archives Bonds Cap Mkt Sentiments Capital Market CASHLESS NIGERIA Commodities Corporate Earnings Daily & Weekly Market Updates Enterpreneurship ETFs Forex Frauds & Scandals General Global Market Insurance Investors NewsBeat Islamic Finance Mergers & Aquisitions Money Market Mortgage Mutual Funds Nigeria Economy Oil Sector Opinions and Analysis Pensions People Personal Finance Politics Power Products & Services Professionals Property Public Offers Private Placements Regulators REITs Stock PICKS Taxation Telcos Travel & Tours Unlisted OTC MARKET World of Business

Petroleum marketing, food/bev. stocks led the bear

Category: General


  Read (646)
Petroleum marketing, food/bev. stocks led the bear

November 11, 2005/Source The Guardian

 

 

Significant price losses by highly capitalised companies in the equities sector of the Nigerian Stock Exchange, coupled with losses by some food/beverages sub-sector stocks caused the All-shares index to slide slightly further yesterday.

The volume of shares traded also plunged as 72.98 million shares worth N838 million changed hands down from 146 million shares worth N1.4 billion exchanged the preceding day.

Specifically, the index fell marginally from 25,690.36 points at which it close at 25,690.29 points yesterday, while market capitalisation fell by N9 billion from N2.560 trillion to N2.551 trillion.

Total Nigeria Plc led the bears, down by 700 kobo to close at N193 per share, while Oando Plc, Ashaka Cement Plc and Flour Mills of Nigeria Plc lost 302 kobo, 141 kobo and 120 kobo to close at N101.98, N32.10 and N23.75.

On the other hand, Nigeria Bottling Company Plc (NBC) led the price gainers\' chart up by 298 kobo to close at N68.98, while Guinness Nigeria Plc, Julius Berger Plc and Nestle Nigeria Plc added 150 kobo, 107 kobo and 95 kobo to close at N102.50, N22.57 and N191.

Further review of yesterday\'s transactions indicated that the banking sub-sector remained the most active in volume terms with 50.5 million shares worth N498.24 million, while the insurance sub-sector and petroleum marketing sub-sectors followed with 7.5 million shares worth N15.4 million and 2.7 million shares valued at N63.4 million respectively.

A breakdown of the banking sub-sector indicated that Guaranty Trust Bank Plc traded the highest volume with 12.3 million shares worth N150.18 million, while UBA Plc followed with 8.74 million shares worth N126.83 million.

In the insurance sub-sector, Cornerstone Insurance Plc traded the highest volume with 3.12 million shares worth N5.6 million, while Standard Alliance Insurance Plc followed with 1.28 million shares worth N2.14 million.

Eterna Oil & Gas Plc was the most active stock in the petroleum marketing sub-sector with 1.84 million shares worth N3.93 million, while Oando Plc followed with 431,619 shares worth N44.43 million.



Tags: , 



Comment With Your Facebook or Yahoo! ID


Latest news


News on General

About Us

Who We Are
Our Team & Partners
Corporate Governance
Advertise with Us
Subscribe / Unsubscribe
Site Map
News Feed - RSS
Newsletter
Contact Us
Volunteer Program
Message from CEO
Resources

News & Features
The Analyst / Market Data
Investor Relations Portal
The Regulator
Economy & Politics
WebTV
Training Portal
Events Calendar
NewsStands - Online Reputation

Products and Services

Research & Market Intelligence
Analyst Services
Offers & Rights Support Service
Investor Relations Services
Alert & Subscription Services
Share Support Services
Proshare Consult
Event & Seminar Coverage
Market Directory
File a Complaint
News & Analysis

#1minNews
News from TheANALYST
Video News from WebTV
Money Market Updates
Opinions & Analysis
Nigerian Economy
Market Data
The Regulator
Newsletters
Discussion Forum
Policy

Subscriber Agreement
Privacy Policy
Data Policy
Disclaimer
Copyright Policy
Trademarks
Comments in Site
Advertising Code
Conflict of Interest
Content Partnership
3rd Parties

Online Trading and Execution
Training
Legal Support Services
Web/Technology Services
File a Complaint