Facebook Twitter Instagram Pinterest YouTube Tumblr LinkedIn RSS
    • About
    • Advertise
    • Contribute
    • Donate
    • Forum
    • Contact
    Login
    InfoStride NewsInfoStride News
    • Home
    • Business
    • Celebrity
    • Crime
    • Nigeria
    • Politics
    • Sports
    • Technology
    • More
      • COVID-19
      • Editor’s Picks
      • Health
      • Opinions
      • Press Releases
      • World
    Subscribe
    InfoStride NewsInfoStride News
    Home»Business Matters»Champion Breweries, Eterna others drag capitalisation by N83b

    Champion Breweries, Eterna others drag capitalisation by N83b

    Business Matters By Temitope N.Aug 31, 2021No Comments2 Mins Read
    Facebook Twitter WhatsApp Pinterest LinkedIn Tumblr Email Reddit VKontakte

    The Nigerian Exchange Limited (NGX) reopened on a downward note yesterday, occasioned by losses incurred by most blue-chip stocks, especially by Champion Breweries and Eterna Plc, as market capitalisation depreciated by N83 billion.

    NGX
    NGX

    The All-share index slumped by 158.98 points to 39,326.67 from 39,485.65 posted on Friday.

    Similarly, market capitalisation of listed equities depreciated by N83 billion or 0.4 per cent from N20.572 trillion to N20.489 trillion.

    Vetiva Dealings and Brokerage said: “ We expect a mixed trading pattern in tomorrow’s session as investors continue to cherry pick attractive names across sectors while taking profit in others.”

    On the price movement chart, 21 stocks recorded price appreciation while 18 constituted the losers’ chart.

    Champion Breweries led the losers’ chart with 7.73 per cent to close at N2.03 kobo while Eterna followed with 7.20 per cent to close at N6.986 kobo. Linkage Assurance lost 6.45 per cent to close at 58 kobo.

    See also  40 listed companies fined N1 billion over infractions - NGX

    Oando dropped 5.00 per cent to close at N4.56 kobo. Caverton shed 4.86 per cent to close at N1.76 kobo. Ecobank Transnational Incorporated depreciated by 3.67 per cent to close at N5.25 kobo. Dangote Cement fell by 2.64 per cent to close at N243.00.

    Transnational Corporation shed 2.17 per cent to close at 90 kobo.

    On the other hand, Honeywell Flourmills emerged the day’s highest price gainer with 9.86 per cent to close at N3.90 kobo. UPDC followed, adding 9.84 per cent to close at N2.01 kobo.

    ABC Transport appreciated by 9.09 per cent to close at 36 kobo. Presco added 8.90 per cent to close at N79.50 kobo.

    See also  NGX reverses gains by 0.03% amid profit taking

    FTN Cocoa gained 8.33 per cent to close at 52 kobo. Livestock garnered 7.83 per cent to close at N2.34 kobo. CHI appreciated by 7.14 per cent to close at 60 kobo. Nigerian Breweries also gained 5.58 per cent to close at N54.90 kobo.

    Transactions in the shares of Transnational Corporation of Nigeria (Transcorp) topped the activity chart with 51.691 million shares valued at N46.840 million. Honeywell Flour Mills followed with 43.733 million shares worth N167.914 million, while Consolidated Hallmark Insurance traded 17.606 million shares valued at N10.632 million.

    Oando traded 16.119 million shares valued at N71.450 million, while UPDC transacted 15.114 million shares worth N29.913 million.

    Support InfoStride News' Credible Journalism: Only credible journalism can guarantee a fair, accountable and transparent society, including democracy and government. It involves a lot of efforts and money. We need your support. Click here to Donate

    Capitalisation NGX
    Share. Facebook Twitter WhatsApp Pinterest Reddit Tumblr VKontakte Email LinkedIn

    Related Posts

    Five Ways To Analyze The Forex Market

    Dec 22, 2022

    Why FG is investigating Mikano, Jubali Brothers, JMG over generator importation

    Dec 15, 2022

    Food Inflation: Average price of tomato rises 30% in one year – NBS

    Oct 28, 2022

    Governors warn that CBN’s proposed loan recovery from FAAC revenue is “suicidal”

    Oct 22, 2022
    Add A Comment

    Leave A Reply Cancel Reply

    Get Social with Us
    • Facebook
    • Twitter 6.5K
    • Pinterest 93
    • Instagram
    • YouTube
    Latest Posts

    Josh Babybrother Wade Took Over My Accounts In The Past – Empress Njamah

    Feb 4, 2023

    I Don’t Understand Liverpool’s Decline – Alisson

    Feb 4, 2023

    I Won’t Forget How God Saved Me And My Husband From That Plane Crash – Dolapo Osinbajo

    Feb 4, 2023

    MUFC Players Had To Defend Antony – Erik Ten Hag

    Feb 4, 2023

    Subscribe to Updates

    Get the latest breaking news straight into your inbox!

    Random News

    Inter Milan Beat AC Milan

    Oct 23, 2018

    Nigeria, Guinea Face Tradition

    Feb 18, 2015

    Ronaldo Knows He Is Always Going To Score – Zidane

    Mar 11, 2018

    Police book quarters berth

    Aug 12, 2014

    InfoStride News delivers the latest breaking news, Nigeria news, world news and top stories on business, celebrity, entertainment, politics, sports, technology and more. Experience the best of in-depth coverage, special reports, football highlights, political opinions, crime watch, celebrity gossips etc.

    GooglePlay Store Button

    Support InfoStride News' Credible Journalism

    Credible journalism involves a lot of efforts and money; and can guarantee a fair, accountable and transparent society, including democracy and government. We need your support to continue offering free access to our loyal readers and visitors like you.

    Click here to Donate

    Facebook Twitter Instagram Pinterest YouTube Tumblr LinkedIn RSS
    • Our Terms
    © 2023 InfoStride News. All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Continue with Facebook
    Continue with Google
    Continue with Twitter
    Lost password?