Federal Character
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
Federal Character
No Result
View All Result
Home Business & Finance

Nigerian Equities Market Experiences Significant Decline, Investors Lose N206 Billion

Nnaemeka OkwarabyNnaemeka Okwara
June 13, 2024
in Business & Finance
0
Nigerian Equities Market Experiences Significant Decline, Investors Lose N206 Billion
Share on FacebookShare on TwitterShare on Whatsapp

Lagos, Nigeria – The Nigerian equities market experienced a significant decline on Friday, with investors losing a total of N206 billion. The market’s benchmark index, the All-Share Index (ASI), declined by 0.83% or 430.55 basis points, closing at 51,822.44.

The decline was largely driven by losses in large-cap stocks, particularly in the banking and industrial goods sectors. Investors are concerned about the future of a steady gross profit as the ROI tends towards a negative slope.  Dangote Cement, Guaranty Trust Holding Company, and BUA Cement were among the top losers for the day, declining by 5.4%, 3.5%, and 3.3% respectively. The market’s performance was also impacted by a decline in investor sentiment, with many investors opting to sell off their shares in anticipation of a potential market downturn.

The Nigerian equities market has been experiencing volatility in recent weeks, with investors reacting to earnings reports and global economic trends. The market’s performance is closely watched by investors and analysts, as it is seen as a key indicator of the country’s economic health. “The decline in the equities market is a reflection of the current economic uncertainty,” said Mr. Johnson Chukwu, an analyst at a leading investment firm. “Investors are cautious and are selling off their shares to minimize their losses.”

The market capitalization of the Nigerian equities market stood at N24.88 trillion at the close of trading on Friday, while the All-Share Index closed at 51,822.44. Despite the decline, some stocks managed to buck the trend, with Nestle Nigeria, Nigerian Breweries, and FBN Holdings gaining 1.4%, 1.2%, and 1.1% respectively.

The Nigerian equities market’s significant decline on Friday has raised concerns among investors and analysts. The market’s performance is expected to remain volatile in the coming weeks, as investors continue to react to earnings reports and global economic trends.

WHAT WE SHOULD EXPECT THIS WEEK

  • Market Volatility: The Nigerian equities market is expected to remain volatile this week, as investors continue to react to earnings reports and global economic trends.
  • Earnings Season: Several listed companies are expected to release their quarterly earnings reports this week, which may impact the market’s performance.
  • Global Economic Trends: Investors will be keeping a close eye on global economic trends, including inflation rates, interest rates, and geopolitical developments, which may impact the market’s performance.
  • Currency Fluctuations: The Naira is expected to remain stable against the US Dollar, but fluctuations are possible due to global economic trends and investor sentiment.
  • Investor Sentiment: Investor sentiment is expected to remain cautious, with many investors opting to sell off their shares in anticipation of a potential market downturn.
  • Sector Performance: The banking and industrial goods sectors are expected to remain under pressure, while the consumer goods and healthcare sectors may experience gains.
  • Market Capitalization: The market capitalization of the Nigerian equities market is expected to remain around N24.88 trillion, with potential fluctuations due to market volatility.

Overall, this week is expected to be marked by continued market volatility, with investors reacting to earnings reports and global economic trends.

Tags: Equitiesfederal characterFinanceInvestors Lose N206 BillionmarketNewsNigeriaNigerian Equities Market Experiences Significant Decline
Nnaemeka Okwara

Nnaemeka Okwara

Okwara Nnaemeka Emmanuel is a skilled wordsmith, passionate blogger, and content writer with a degree in Media Content, He has made a significant mark in the industry. He also holds certification in Marketing and advertising. He has honed a unique blend of creativity and strategic thinking.Driven by a belief in the power of creativity, He has established a niche for himself in diverse regions, leaving a trail of successful projects and satisfied clients. His ability to craft compelling narratives and engage audiences sets him apart in the competitive world of content creation.As a dedicated professional, He continues to push boundaries and set new landmarks in their field. Whether it's through captivating blog posts, persuasive copywriting, or innovative content strategies, Nnaemeka’s consistently delivers excellence, leaving a long lasting impact

Related Posts

Is LAX at Risk? Chevron Refinery Fire Erupts in Key Jet Fuel Unit
Business & Finance

Is LAX at Risk? Chevron Refinery Fire Erupts in Key Jet Fuel Unit

October 3, 2025
October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose
Business & Finance

October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose

October 3, 2025
October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose
Business & Finance

October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose

October 2, 2025
Next Post
Edin Terzic Steps Down as Borussia Dortmund Head Coach After Champions League Final

Edin Terzic Steps Down as Borussia Dortmund Head Coach After Champions League Final

NPFL Matchday 36: Remo Stars Surge to Second as Title Race Heats Up

NPFL Matchday 36: Remo Stars Surge to Second as Title Race Heats Up

Minimum wage: FG warns of mass sackings as Labour rejects minimum wage

Minimum wage: FG warns of mass sackings as Labour rejects minimum wage

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Shell Oil Pipeline Leak Contaminates Singapore Waters

Shell Oil Pipeline Leak Contaminates Singapore Waters

12 months ago
“I Have Had the Most Reasons to Not Exist” – Burna Boy

“I Have Had the Most Reasons to Not Exist” – Burna Boy

4 months ago
Deadly Train Crash in India: Three Railway Employees Arrested by Federal Police

Deadly Train Crash in India: Three Railway Employees Arrested by Federal Police

2 years ago
How Bad Is Bromate For The Health?

How Bad Is Bromate For The Health?

2 years ago

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

Topics

2023 Aboki/Bureau De Change (BDC) apc Arsenal buhari Business cbn chelsea china court Davido Dollar Efcc Election Entertainment Euro and Pounds To Naira Exchange Rate For Today exchange rates for the Nigerian Naira (NGN) Fashion federal character federal government Finance food Football Foreign News government health inec Israel lagos Manchester United Naira Naira Black Market exchange rates News Nigeria pdp police Politics president protest Russia Sports tinubu trump ukraine US
No Result
View All Result

Highlights

Is Charlie Kirk a Racist?

Is Parental Leave Now Equal in South Africa? Breaking Down the Top Court’s Decision

Are ICE Tracking Apps a Security Risk? Behind Apple’s Controversial Removal

Is LAX at Risk? Chevron Refinery Fire Erupts in Key Jet Fuel Unit

What Does the India-China Flight Resumption Mean for Travelers and Trade?

October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose

Trending

What Happens if Hamas Rejects Trump's Gaza Peace Plan by the Deadline?
Government

What Happens if Hamas Rejects Trump’s Gaza Peace Plan by the Deadline?

bySomto Nwanolue
October 3, 2025
0

The US President Donald Trump's unilateral declaration of a Sunday deadline for Hamas to accept a peace...

Tuchel Drops Bellingham and Foden from the England Squad as Saka Returns

Tuchel Drops Bellingham and Foden from the England Squad as Saka Returns

October 3, 2025
Chelsea vs Liverpool: Stamford Bridge Showdown Could Define Early Title Race

Chelsea vs Liverpool: Stamford Bridge Showdown Could Define Early Title Race

October 3, 2025
Is Charlie Kirk a Racist?

Is Charlie Kirk a Racist?

October 3, 2025
Is Parental Leave Now Equal in South Africa? Breaking Down the Top Court's Decision

Is Parental Leave Now Equal in South Africa? Breaking Down the Top Court’s Decision

October 3, 2025

We launched Federal Character in February 2021 based on the belief that the world is in need of smarter and more efficient reporting of events shaping our rapidly changing world. We pledged to put our audience first, always.

Recent News

  • What Happens if Hamas Rejects Trump’s Gaza Peace Plan by the Deadline?
  • Tuchel Drops Bellingham and Foden from the England Squad as Saka Returns
  • Chelsea vs Liverpool: Stamford Bridge Showdown Could Define Early Title Race

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

© 2024 FederalCharacter.com

No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion

© 2024 Federalcharacter.com