Followers

NSE Records N134 Billion On First Trading Day Of 2019

The Nigerian Stock Exchange (NSE) has recorded loss at the beginning of the year, as the market shed N134 billion on Wednesday. As at th...

The Nigerian Stock Exchange (NSE) has recorded loss at the beginning of the year, as the market shed N134 billion on Wednesday. As at the last trading day of 2018, the market capitalisation stood N11.7207 trillion, only to fall by N134 billion to N11.5863 trillion on the first trading day of 2019.
The all share index (ASI) also plunge from 31,430.50 on the last trading day of 2018 to 31,070.06 on January 3, 2019.
Diamond Bank came in as the biggest trader for the day, with 111.995 million in trades on Wednesday, ahead of Access Bank, Zenith Bank and First Bank Nigeria Holdings (FBNH), which were all well traded.
The top losers for the day are; Nestle, Nigerian Breweries, Dangote Cement, Flour Mills, and Forte Oil. Julius Berger, International Brewery, Custodian, Vitafoam, and Ecobank led the top gainers at the bourse.
Economic analysts have predicted a withdrawal of portfolio investors from Nigeria in 2019 in anticipation of the 2019 general elections, and expected economic uncertainty.
Oscar Onyema, chief executive officer of the Nigerian bourse, said the exchange hoped to achieve a market cap of about N200 trillion at the end of 2015 and the opening of 2016, but reviewed the plans for 2019.
“The targeted 2016 capitalisation was set across five asset classes and would not be possible to achieve considering present realities. We no longer believe that it is possible to meet the target, given where we are today,” he said.
“But we believe that our new strategy up to 2019 has more realistic targets and we are approaching it now in a different perspective.”
It is clear today that the market cap of the Nigerian exchange will not be anywhere near the $1 trillion target set a few years ago.

COMMENTS

Name

[Video] Ec Prince Answer Me Produced by Dalukes,1,[Video] Princtoking – Bamijo,1,BIG TIMI,2,BIG TIMI-- CAUGHT IN THE ACT EP,1,CAUGHT IN THE ACT EP,1,Entertainment,8,FreshMusic: Maintain Dee - So Badly,1,Games,1,Gospel Songs,4,Jc Tunez – My Prayer,1,Lyrics,1,mandippest,1,Movie,30,MUSIC,255,MUSIC: NERDY DEEPO - BLOWSOLO EP,2,MUSIC: Shilexy Ft. Lambert – Amaka Can Do | @shilexy_dsk,1,News,662,Ni Shi Zhu - Precious Ajayi,1,O LOUD GAN,1,Soul in Silent Pain By Opeoluwa Gbemisola Akinbodewa,1,Sports,4,TERRY APALA,1,Times Five,1,Video,11,
ltr
item
SAIBLOG: NSE Records N134 Billion On First Trading Day Of 2019
NSE Records N134 Billion On First Trading Day Of 2019
https://www.naijaloaded.com.ng/wp-content/uploads/2019/01/Stoke-exchage-700x438.jpg
SAIBLOG
http://www.solaajayiirewoleblog.com.ng/2019/01/nse-records-n134-billion-on-first.html
http://www.solaajayiirewoleblog.com.ng/
http://www.solaajayiirewoleblog.com.ng/
http://www.solaajayiirewoleblog.com.ng/2019/01/nse-records-n134-billion-on-first.html
true
2297823599985669960
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy