ADVERTISEMENT
TechEconomy
Sunday, June 1, 2025
No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Podcast

Home » NGX: Equity Hits N730bn Loss

NGX: Equity Hits N730bn Loss

as Eterna, Veristaskap, Geregu Top Gainers Table, Tobi Adetunji reports

Techeconomy by Techeconomy
February 21, 2024
in Finance
0
Capital Market - NGX - DANGCEM
Capital Market - NGX

Capital Market - NGX

RelatedPosts

America Debt - IMF

Can AI Save America from its Debt Spiral

May 31, 2025

Naira Holds Steady at N1,586/$1 in Official Market

May 31, 2025

The Nigerian equity market continued its bearish run for the second consecutive day this week as it lost N730bn yesterday  (Tuesday).

Dangote Cement, MTN Nigeria had dragged the market to a N1.82tn loss on Monday.

However, Eterna, Veristask, and Geregu top the gainer’s table with 6.17%, 5.9%, and 3.6% respectively. While Honeyflour, Buacement and Pz experience decline.

Accordingly, the bearish run continued on Tuesday as the NGX benchmark index, the All-Share Index, and the market cap declined by 1.30 percent to 101,060.67 points and N55.298tn, respectively.

However, the market’s year-to-date return also slipped further to 35.16 percent from 36.94 percent in the previous day.

The bearish trend was a result of sell-offs recorded in medium to penny stocks. At the close of trading, eight equities recorded gains while 43 suffered losses.

The losers’ chart was topped by Honeywell Flour Mills, which lost 10 percent to close at N3.60; BUA Cement shed 9.98 percent to close at N142.95 and PZ Cussons, which posted a negative asset value in its half-year report, dipped by 9.75 percent to N27.30.

Trading activity further dipped, as the total deals, volume, and value recorded significant declines.

The total deals fell by 9.34 percent, totaling  8,783 trades, while the total volume and value were down by 6.46 percent and 10.90 percent to 256.16 million units and N6.63bn, respectively.

The number of stocks traded on Tuesday closed at 118. Keeping to the trend of the market, four out of the five sectoral sub-indexes closed in the red zone. The sole gainer for the day was the Oil&Gas sector driven by Eterna Plc.

The volume and value drivers of the NGX day’s market trend were led by stocks of United Bank for Africa, Geregu Power, and Transcorp Plc.

While Transcorp was the most traded security in terms of volume with 39.75 million units, changing hands in 640 trades, Geregu Power was the most traded in terms of value, amounting to N1.11bn.

Loading

Advertisements
MTN ADS

Author

  • Techeconomy
    Techeconomy

    View all posts
0Shares
Tags: Geregu PowerNGX
Previous Post

Tinubu Orders Payment of Villa’s N342m Electricity Bill after AEDC Disconnection Threat

Next Post

MWC Barcelona: Cisco, Samsung, NEC and DELL amongst 20 Firms Demonstrating AI, Cloud with VIAVI

Techeconomy

Techeconomy

Related Posts

America Debt - IMF
Finance

Can AI Save America from its Debt Spiral

by Techeconomy
May 31, 2025
0

As America stares down the barrel of a $35 trillion debt pile, policymakers, investors - and increasingly, the public -...

Read more
Nigeria economy by FBNQuest, Naira currency, Nigeria's currency, strongest currencies

Naira Holds Steady at N1,586/$1 in Official Market

May 31, 2025
Naira vs Dollar | Asset management

Naira Appreciates in the Official Market, Closes at N1,586/$1

May 30, 2025
Arik Air in 2024

Alleged N76bn Fraud: EFCC Witness & Ex-Union Bank ED Reveals He Wrote-Off Arik’s $2.3m Debt

May 29, 2025
SANEF CEO Uche Uzoebo receives RedTech Award

RegTech Conference: SANEF’s CEO Uche Uzoebo Makes Case for More Financial Inclusion Strategies Targeting Women

May 29, 2025
SEC cancels Silverkuun

SEC Warns Public against Investing in Silverkuun Limited

May 29, 2025
Next Post
VIAVI MWC 2024

MWC Barcelona: Cisco, Samsung, NEC and DELL amongst 20 Firms Demonstrating AI, Cloud with VIAVI

Leave a Reply Cancel reply

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

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Techeconomy Podcast

Techeconomy Podcast
Techeconomy Podcast

Infowave is brought to you by TechEconomy. Every week we will bring new stories from startups and influencers who are shaping and changing the world we live in. We’ll also bring you reports on topics you should know.

Follow us @techeconomyng for more.

TECH TALK EPISODE 2
byTecheconomy

PRODUCTIVITY AND WORK-Life Balance

TECH TALK EPISODE 2
TECH TALK EPISODE 2
May 22, 2025
Techeconomy
CYBERSECURITY ESSENTIALS
April 24, 2025
Techeconomy
Digital Marketing Trends and strategies for 2025 and beyond
February 27, 2025
Techeconomy
Major Lesson for Techies in 2024 and Projections for 2025
December 6, 2024
Techeconomy
Major Lessons for Techies in an AI-Driven World | Techeconomy Business Series Highlights
November 26, 2024
Techeconomy
Maximizing Profitability Through Seasonal Sales: Strategies For Success
November 8, 2024
Techeconomy
Techeconomy Business Series
October 15, 2024
Techeconomy
PRIVACY IN THE ERA OF AI: GETTING YOUR BUSINESS READY
May 30, 2024
Techeconomy
Unravel the Secrets of Marketing Everywhere All At Once with Isaac Akanni from Infobip | Infowave Podcast Episode 1
February 9, 2024
Techeconomy
The Role of Ed-tech in Life Long Learning and Continuous Education
October 19, 2023
Techeconomy
Search Results placeholder

WHAT IS TRENDING

https://www.youtube.com/watch?v=g_MCUwS2woc&list=PL6bbK-xx1KbIgX-IzYdqISXq1pUsuA4dz

Follow Us

  • About Us
  • Contact Us
  • Careers
  • Privacy Policy

© 2025 Techeconomy - Designed by Opimedia.

No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS

© 2025 Techeconomy - Designed by Opimedia.

Translate »
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.