Equities depreciate as Dangote Cement, Nestle Nigeria loss

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Nigerian Stock Exchange Market

Nigerian equities on Monday depreciated as the two foremost quoted companies-Dangote Cement and Nestle Nigeria depressed the stock market to a marginal decline.

While there were 27 gainers to 16 losers, losses by highly capitalised stocks overwhelmed the overall market situation. Nestle Nigeria-the highest-priced stock at the Nigerian Stock Exchange (NSE), recorded the highest loss of N9.99 to close yesterday at N1,200.01. Dangote Cement-the most capitalised quoted company, followed with a loss of N9.38 to close at N215.62. Three other highly capitalised stocks-Stanbic IBTC Holdings, Zenith Bank and Lafarge Africa lost 74 kobo, 53 kobo and 50 kobo to close at N38.11, N24 and N58.50 respectively.

The benchmark price index for the stock market-the All Share Index (ASI) declined by 0.91 per cent to close at 36,584.44 points as against its opening index of 36,920.56 points. Aggregate market value of all quoted equities on the NSE also dropped from its opening value of N12.726 trillion to close at N12.700 trillion, representing a net capital loss of N26 billion. The average year-to-date return slipped to 36.13 per cent.

Total turnover stood at 368.38 million shares valued at N6.27 billion in 3,729 deals. AIICO Insurance was the most active stock with 131.01 million shares valued at N74.67 million. Guaranty Trust Bank followed with 61.18 million shares worth N2.48 billion while Zenith Bank ranked third with 22.74 million shares valued at N542.23 million.

On the positive side, most stocks closed higher as bargain-hunters continued the hunt for value stocks. Beta Glass led the gainers with a gain of N2.51 to close at N59.84. Flour Mills of Nigeria trailed with a gain of N2.49 to close at N31. Nigerian Breweries followed closely with a gain of N2.48 to close at N183.50. Guaranty Trust Bank rose by N1.20 to close at N40.70 while UACN and Unilever Nigeria chalked up 50 kobo each to close at N16.50 and N46 respectively.

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  232. Hi there this is kind of of off topic but I was wanting to know if blogs use WYSIWYG editors or if you have to manually code with HTML. I’m starting a blog soon but have no coding know-how so I wanted to get advice from someone with experience. Any help would be enormously appreciated!

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  257. Hmm is anyone else encountering problems with the pictures on this blog loading? I’m trying to figure out if its a problem on my end or if it’s the blog. Any suggestions would be greatly appreciated.

  258. Howdy! I understand this is sort of off-topic but I needed to ask. Does operating a well-established website like yours require a massive amount work? I am completely new to blogging but I do write in my journal daily. I’d like to start a blog so I will be able to share my personal experience and feelings online. Please let me know if you have any suggestions or tips for brand new aspiring blog owners. Thankyou!

  259. With havin so much content do you ever run into any issues of plagorism or copyright violation? My website has a lot of unique content I’ve either written myself or outsourced but it appears a lot of it is popping it up all over the web without my authorization. Do you know any techniques to help prevent content from being ripped off? I’d definitely appreciate it.

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  275. My developer is trying to convince me to move to .net from PHP. I have always disliked the idea because of the costs. But he’s tryiong none the less. I’ve been using Movable-type on several websites for about a year and am worried about switching to another platform. I have heard excellent things about blogengine.net. Is there a way I can import all my wordpress content into it? Any kind of help would be really appreciated!

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  277. Whats up this is kinda of off topic but I was wondering if blogs use WYSIWYG editors or if you have to manually code with HTML. I’m starting a blog soon but have no coding knowledge so I wanted to get advice from someone with experience. Any help would be enormously appreciated!

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  281. With havin so much written content do you ever run into any problems of plagorism or copyright violation? My site has a lot of unique content I’ve either written myself or outsourced but it appears a lot of it is popping it up all over the web without my authorization. Do you know any solutions to help stop content from being stolen? I’d genuinely appreciate it.

  282. My developer is trying to convince me to move to .net from PHP. I have always disliked the idea because of the costs. But he’s tryiong none the less. I’ve been using WordPress on several websites for about a year and am nervous about switching to another platform. I have heard excellent things about blogengine.net. Is there a way I can transfer all my wordpress content into it? Any kind of help would be really appreciated!

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  288. I’m really enjoying the theme/design of your web site. Do you ever run into any internet browser compatibility issues? A couple of my blog visitors have complained about my blog not operating correctly in Explorer but looks great in Opera. Do you have any tips to help fix this problem?

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  293. When I initially commented I clicked the “Notify me when new comments are added” checkbox and now each time a comment is added I get several emails with the same comment. Is there any way you can remove me from that service? Many thanks!

  294. Hello! I just wanted to ask if you ever have any issues with hackers? My last blog (wordpress) was hacked and I ended up losing a few months of hard work due to no data backup. Do you have any methods to prevent hackers?

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  296. I am really loving the theme/design of your site. Do you ever run into any web browser compatibility problems? A number of my blog audience have complained about my blog not operating correctly in Explorer but looks great in Chrome. Do you have any ideas to help fix this issue?

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  298. Hey there would you mind letting me know which webhost you’re working with? I’ve loaded your blog in 3 completely different web browsers and I must say this blog loads a lot faster then most. Can you recommend a good hosting provider at a fair price? Cheers, I appreciate it!

  299. Today, I went to the beach front with my children. I found a sea shell and gave it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.” She put the shell to her ear and screamed. There was a hermit crab inside and it pinched her ear. She never wants to go back! LoL I know this is totally off topic but I had to tell someone!

  300. Hi are using WordPress for your blog platform? I’m new to the blog world but I’m trying to get started and create my own. Do you need any html coding knowledge to make your own blog? Any help would be greatly appreciated!

  301. Hi, I think your website might be having browser compatibility issues. When I look at your blog site in Opera, it looks fine but when opening in Internet Explorer, it has some overlapping. I just wanted to give you a quick heads up! Other then that, fantastic blog!

  302. I really like your blog.. very nice colors & theme. Did you create this website yourself or did you hire someone to do it for you? Plz answer back as I’m looking to design my own blog and would like to know where u got this from. thank you

  303. Today, I went to the beach with my kids. I found a sea shell and gave it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.” She put the shell to her ear and screamed. There was a hermit crab inside and it pinched her ear. She never wants to go back! LoL I know this is entirely off topic but I had to tell someone!

  304. My programmer is trying to convince me to move to .net from PHP. I have always disliked the idea because of the expenses. But he’s tryiong none the less. I’ve been using Movable-type on various websites for about a year and am anxious about switching to another platform. I have heard great things about blogengine.net. Is there a way I can transfer all my wordpress content into it? Any help would be really appreciated!

  305. I love your blog.. very nice colors & theme. Did you create this website yourself or did you hire someone to do it for you? Plz reply as I’m looking to construct my own blog and would like to find out where u got this from. thanks a lot

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  310. Amazing blog! Is your theme custom made or did you download it from somewhere? A theme like yours with a few simple adjustements would really make my blog jump out. Please let me know where you got your design. Thanks