Friday, 22 September 2017



Chaos as Dangote Cement Drags Market Into N6bn Loss

Read This http://go.oclaserver.com/afu.php?zoneid=1356862
It is advisable to read all tonygists news on tonygists android application for better browsing experience

A major decline in the performance of Dangote Cement Plc stocks has caused the decline of the Nigerian Stock Exchange market capitalization.
Aliko Dangote
 
According to a report by The Punch, the Nigerian Stock Exchange market capitalisation declined by N6bn on Thursday following a major decline in the performance of Dangote Cement Plc stocks.
 
The NSE capitalisation fell to N12.130tn from N12.136tn as the All-Share Index closed at 35,188.97 basis points from 35,207.89 basis points.
A total of 429.224 million shares valued at N8.68bn exchanged hands in 3,271 deals.
 
The Nigerian equities market closed negative, after shedding 0.05 per cent, thereby settling the year-to-date return at 30.94 per cent.
However, volume traded and market value of transactions advanced significantly by 212.50 per cent and 665.42 per cent, respectively. The market recorded 25 gainers and 20 losers.
 
Neimeth Internal Pharmaceuticals Plc  shares appreciated by 4.92 per cent to emerge as the top gainer for the day with a closing price of N0.64. This was trailed by NEM Insurance (Nigeria) Plc, FBN Holdings Plc, Skye Bank Plc and Nigerian Breweries Plc, which recorded 4.46 per cent, 4.27 per cent, 3.77 per cent and 2.98 per cent gains, respectively.
The losers’ chart was topped by Aiico Insurance Plc, which recorded a decline of 5.36 per cent to close at N0.53. Also on the top’ chart were Champion Breweries Plc, Caverton Offshore Services Group Plc, Okomu Oil Palm Plc and Vitafoam Nigeria Plc, which declined respectively by 5.35 per cent, five per cent, 4.95 per cent and 4.81 per cent.
“The market closed in the red despite the trickles of positive sentiments noted on certain bellwether stocks. We attribute the last minute loss to the 1.59 per cent price decline on Dangote Cement. In spite of the losses recorded so far in the week, we envisage a week-on-week positive close,” analysts at Meristem securities said in a post.
 
The NSE oil/gas and the NSE industrial goods indices returned negative at the close of the day’s trading activities, after recording respective declines of 0.65 per cent and 0.54 per cent. On the flip side, the NSE food/beverage,  the NSE banking and NSE insurance indices recorded respective advancements of 1.26 per cent, 0.23 per cent and 0.19 per cent.
On fixed-income instruments, the treasury bills space was pervaded by buy pressures as there were yield declines on all tenors, save for the nine-month which advanced slightly by 0.06 per cent. Consequently, the average treasury bills yield declined by 1.24 per cent to close at 17.35 per cent.
Bullish sentiments pervaded the treasury bonds secondary market as all instruments declined except the March-2024 and July-2034 instruments that traded flat. The May-2018 bond remained the most attractive bond, declining by 77 basis points. Thus, the average bond yield declined by 19 basis points to settle at 16.24 per cent.

OR



Tonygists with a domain of www.tonygists.com has moved to a new domain www.tonygist.com to serve you better... Tonygist is still under the custody of Tony Odijie.....But you can still connect with us on our social media handles eg Facebook , Instagram , Youtube1 , Youtube2 , Twitter as Tonygists. Our android application still remains the same as Tonygists on Google play store. Thanks for your understanding

OR


Subscribe to Tonygists by Email

Reliance Training and Management Consulting, a dynamic, fast growing indigenous entity, was established and duly registered with the aim to nurture, develop and innovate people and organisations through customized training, development and management consulting services, with excellent performance, deep sense of commitment, transparency, honesty and responsibility, to demonstrate the highest standard of technical and operational expertise.
 
OR

 
Reliance is competently positioned to provide technical knowledge and skills relevant to practical management and business problems, to stimulate the creativity and innovation necessary to build a better community, a better nation and a better world with a committed mind set to contributing our best to the maximization of personal potentials and skills toward optimizing productivity and achieving organisational goals.
  Read This http://go.oclaserver.com/afu.php?zoneid=1356862
for more information click RELIANCE TRAINING AND MANAGEMENT CONSULTING


OR

No need to visit Tonygists just  use the android application click for more info Tonygists android application
 
Visit some of the website built by tonygists

1. south south penpushers : south south pen pushers
2. kingdom builders :  Kingdom builders

Tonygists bro: honest zone


Read This http://go.oclaserver.com/afu.php?zoneid=1356862

OR



Are You On youtube? subscribe to our Latest Updates - @tonygists
Are You On youtube? subscribe to Xtremely Honest Channel Latest Updates - @Xtremely Honest

Are You On Twitter? Follow Us Now For Latest Updates - @tonygists1

Are You On FACEBOOK? Like Our Page For Latest Updates - tonygists

Are You On FACEBOOK? Join Our Group For Latest Updates And Interactions - TonyGists


© 2019 Tonygists | Portions are © 2019 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or distributed.

Share This Post Via

Related Posts

Previous
Next Post »


Reliance Training and Management Consulting, a dynamic, fast growing indigenous entity, was established and duly registered with the aim to nurture, develop and innovate people and organisations through customized training, development and management consulting services, with excellent performance, deep sense of commitment, transparency, honesty and responsibility, to demonstrate the highest standard of technical and operational expertise.
 


 
Reliance is competently positioned to provide technical knowledge and skills relevant to practical management and business problems, to stimulate the creativity and innovation necessary to build a better community, a better nation and a better world with a committed mind set to contributing our best to the maximization of personal potentials and skills toward optimizing productivity and achieving organisational goals.
 
for more information click RELIANCE TRAINING AND MANAGEMENT CONSULTING

AD 728 x 90size