• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

GT Bank, Zenith Bank and UBA record losses on Nigerian Stock Exchange

5 years ago
in Business, Editor's pick, highlights, Home, home-news, latest News
2 min read
0 0
0
90
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Nigerian bourse started the first trading session of the week on a bearish note. The All Share Index dropped slightly by 0.09% to close at 25,582.23 points as against a 0.37% uptick movement recorded on Friday.

Its Year-to-Date (YTD) returns currently stands at -4.69%. Nigerian Stock Exchange market capitalization now stands at N13.346 trillion, as investors lost about N12.22 billion on Monday.

Nigerian Stock Exchange trading turnover turned negative as volume dipped by 39.24% as against 80.56% uptick recorded on Friday. UBA, ZENITHBANK, and ACCESS were the most active to boost market turnover.

UBN leads the list of active stocks that recorded an impressive volume spike at the end of today’s session.
Market breadth closed positive as ETERNA led 16 Gainers as against 15 Losers topped by REDSTAREX at the end of today’s session – an unimproved performance when compared with the previous outlook.

Top gainers

  • ETERNA up 9.13% to close at N2.27
  • NEM up 8.70% to close at N2.25
  • CILEASING up 8.33% to close at N3.9
  • ACCESS up 5.43% to close at N6.8
  • STANBIC up 1.32% to close at N38.5

Top losers

  • REDSTAREX down 4.37% to close at N3.72
  • DANGSUGAR down 3.60% to close at N12.05
  • GUARANTY down 2.45% to close at N25.9
  • UBA down 2.33% to close at N6.3
  • ZENITHBANK down 0.57% to close at N17.3

Outlook

Nigerian bourse unsurprisingly recorded its first trading loss in 7 consecutive trading sessions, after oil prices tanked lower.

The greenback’s strength, adding to the selling pressure on crude and a reported upsurge in COVID-19 caseloads in key international markets, rattled local investors’ nerves.

It should also be noted that significant losses in Nigeria’s tier 1 banks (GTBank, UBA, Zenith Bank) neutralized gains recorded by ETERNA and Access Bank.

RelatedPosts

Premier League: Ngumoha’s Late Goal Seals Liverpool’s Thrilling Win Over Newcastle

US Open: Venus Williams and Keys Bow Out as Alcaraz Launches Campaign

GSE Opens Week Higher as CPC Posts First Gain of 2025

Nairametrics envisages cautious buying, as the resurgence of the COVID-19 pandemic still remains on the major headline across many financial markets.

Tags: Access BankCovid-19GTBanknairaUBAZenith Bank
No Result
View All Result

Highlights

Asante Gold Announces Completion of $500m Financing Package to Boost Bibiani and Chirano Growth Plans

Gov’t Pledges to Intensify Reforms in Gold Sector Ahead of Crucial Anti-Money Laundering Assessment

Otto Addo Expected to Announce Squad for Crucial 2026 World Cup Qualifiers

How Artificial Intelligence Is Both Driving and Derailing Decarbonization

Ghana Revenue Authority Targets Retrieval of GHS 163m in Unpaid Taxes and VAT Arrears

Nurturing Dreams: Ghana’s Football Future Blossoms with Talent Identification Initiative

Trending

Features

Premier League: Ngumoha’s Late Goal Seals Liverpool’s Thrilling Win Over Newcastle

August 26, 2025

Premier League: Ngumoha’s Late Goal Seals Liverpool's Thrilling Win Over Newcastle Liverpool triumphed 3-2 over Newcastle United...

US Open: Venus Williams and Keys Bow Out as Alcaraz Launches Campaign

August 26, 2025

GSE Opens Week Higher as CPC Posts First Gain of 2025

August 26, 2025

Asante Gold Announces Completion of $500m Financing Package to Boost Bibiani and Chirano Growth Plans

August 26, 2025

Gov’t Pledges to Intensify Reforms in Gold Sector Ahead of Crucial Anti-Money Laundering Assessment

August 26, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.