• Home
  • About Us
  • Contact Us
Sunday, March 26, 2023
Star Lite News
  • Home
  • News
    • All
    • Business
    NLC

    Naira Scarcity: NLC Declares Nationwide Strike, Protests At CBN

    United Kingdom

    Elections: UK To Close Lagos Visa Application Centres Monday Over Safety Concern

    Buhari

    Buhari Signs Amended Constitution To Allow States Generate, Transmit Electricity

    53-year-old woman who was allegedly found with laminated electoral materials

    Lagos Police Arrest Woman With Laminated INEC Materials

    Inspector-General of Police

    Guber Election: IGP Orders Restriction Of Movement On Election Day

    House of Representatives

    Reps Extend Resumption By One Week

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Entertainment
    GTCO Food & Drink Festival

    GTCO Food & Drink Festival 2023… A Celebration Of Food!

    Adeniyi Johnson and Seyi Edun

    Actor Adeniyi And Wife Finally Become Parents As They Welcome Twins

    Nollywood Veterans Visits Agbaminoja

    Agbaminoja Plays Host To Nollywood Veterans

    Nancy Isime

    Filming with legends will forever put a big smile on my face – Nancy Isime

    Coolio

    American Rapper, Coolio, Dies Suddenly In Friend’s House

    Ned/Laila

    ‘I listened too much to outsiders’ – Ned Nwoko’s 5th wife Laila apologises to him

  • Lifestyle

    MKH staff celebrate Chairman’s Mother as she clocks 66…

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Business
  • Politics
  • World
No Result
View All Result
  • Home
  • News
    • All
    • Business
    NLC

    Naira Scarcity: NLC Declares Nationwide Strike, Protests At CBN

    United Kingdom

    Elections: UK To Close Lagos Visa Application Centres Monday Over Safety Concern

    Buhari

    Buhari Signs Amended Constitution To Allow States Generate, Transmit Electricity

    53-year-old woman who was allegedly found with laminated electoral materials

    Lagos Police Arrest Woman With Laminated INEC Materials

    Inspector-General of Police

    Guber Election: IGP Orders Restriction Of Movement On Election Day

    House of Representatives

    Reps Extend Resumption By One Week

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Entertainment
    GTCO Food & Drink Festival

    GTCO Food & Drink Festival 2023… A Celebration Of Food!

    Adeniyi Johnson and Seyi Edun

    Actor Adeniyi And Wife Finally Become Parents As They Welcome Twins

    Nollywood Veterans Visits Agbaminoja

    Agbaminoja Plays Host To Nollywood Veterans

    Nancy Isime

    Filming with legends will forever put a big smile on my face – Nancy Isime

    Coolio

    American Rapper, Coolio, Dies Suddenly In Friend’s House

    Ned/Laila

    ‘I listened too much to outsiders’ – Ned Nwoko’s 5th wife Laila apologises to him

  • Lifestyle

    MKH staff celebrate Chairman’s Mother as she clocks 66…

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Business
  • Politics
  • World
No Result
View All Result
Star Lite News
No Result
View All Result
Home Business

BUA Cement Investors Lose N112 Billion In 24 Hours

starliteadmin by starliteadmin
September 23, 2022
in Business
0
BUA Cement Plc
0
SHARES
0
VIEWS
Share on FacebookShare on WhatsAppShare on Twitter

As the equities market continues bearish performance, shareholders of BUA Cement Plc lost a whopping N111.752 billion in Thursday’s trading session.

This is in spite of the fact that the company witnessed an improved performance in half year 2022 on various parameters like credit growth, asset quality, and profitability.

Checks by Nairametrics showed that at the close of trading, BUA Cement Plc’s share price dropped by 6.18% to N50.10 per share and N1.697 trillion in market capitalisation as of the close of trading yesterday (September 22nd) from N53.40 and N1.808 trillion, which were the share price and market capitalisation recorded the previous day (September 21st ).

Build up to 2023 elections: Why investors should embrace low price stocks with strong fundamentals
Uncertainty over the 2023 elections and heightened insecurity, lingering ASUU strike has increased market apathy and negative sentiments, which has also resulted in the exit of some foreign investors and left the few domestic ones hanging on the sideline.

Market experts believe that domestic Investors’ sentiment is usually weak as they seek to reduce their market exposure when elections draw closer. The intensity of the impact is usually a function of the degree of political tension and uncertainty generated by political activities.
The total transactions done by domestic investors on the floor of the Nigerian Exchange Limited (NGX) grew by N1.490 trillion, as against N273.16 billion recorded by foreign investors in the first seven months of 2022.

According to a statement from the NGX, the domestic and foreign portfolio investments (FPI) July 2022 report, which captured these transactions as well as trading figures from market operators, domestic transactions stood at N1.465 trillion in the first seven months of 2021, while foreign transactions stood at N435 billion in the same period.

This meant that total domestic transactions on the NGX grew by 1.70% while foreign transactions dropped by 37.24%. Although the July report revealed that total transactions at the nation’s bourse decreased by 35.36% from N156.52billion (about $371.53million) in June 2022 to N101.18 billion (about $236.86 million) in July 2022, the performance of the current month, however, when compared to the performance in July 2021 (N89.77 billion), total transactions increased by 12.71%.

Tags: BUA Cement Plc.Investors Lose N112 BillionStarlitenewsTrading Session
Previous Post

Worship4Change to Raise N75m for Indigent Children with Special Needs, Holds Benefit Concert Oct. 3 in Lagos

Next Post

Access Holdings Gets CBN’s Approval To Establish Payment Business, Hydrogen

starliteadmin

starliteadmin

Related Posts

Dangote Articulated Truck Driving School

Dangote Graduates 50 Trainee Truck Drivers

by starliteadmin
March 12, 2023
0

The Dangote Articulated Truck Driving School has graduated 50 trainees who have passed through a specially designed and rigorous educational...

Access Bank

Access Bank Honoured By NITDA For Its Leadership In Information Technology

by starliteadmin
March 9, 2023
0

Africa’s largest retail bank, Access Bank Plc., has been accorded a double honour by the National Information Technology Development Agency...

Unity Bank Plc

IWD2023: Unity Bank Establishes Women’s Network to Promote Gender Equality Advocacy

by starliteadmin
March 9, 2023
0

In an effort to foster greater inclusion, equity, and opportunities that will promote gender empowerment, Nigerian lender Unity Bank Plc...

Dangote Cement Plc

Dangote Cement Ibese Pledges Commitment To Sustainable Peace, Growth Of Host Communities

by starliteadmin
March 2, 2023
0

Leading Pan-African Cement manufacturer, Dangote Cement Plc has expressed commitment to maintaining its partnership with host communities and relevant stakeholders...

Dangote Cement

Dangote Cement To Pay N20 Dividend Per Share

by starliteadmin
February 28, 2023
0

Dangote Cement has announced a N20 dividend per share for the end of the 2022 financial year. This was revealed...

Sterling Bank Plc

Sterling Bank Agrees To Finance Health And Education Through Credit Café

by starliteadmin
February 22, 2023
0

A partnership deal has been signed between Nigeria's leading commercial bank, Sterling Bank Plc, and Nigeria's most innovative lending platform,...

Next Post
Access Holdings Plc

Access Holdings Gets CBN’s Approval To Establish Payment Business, Hydrogen

Leave a Reply Cancel reply

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

Popular Posts

  • A Day With Legends of Nollywood

    Legends of Nollywood Financial Summit Is Here, Meet The Speakers: Apostle Anselm Madubuko, Mrs. Bukola Agbaminoja, Pst. Moji Bakare Asieru-sweet, Others

    0 shares
    Share 0 Tweet 0
  • Akmodel First Physical Allocation At Akmar Flourish Gardens Epe (Photos)

    0 shares
    Share 0 Tweet 0
  • Agbaminoja, CSP Oriyomi, Dr. Kenny Muibi, Others Storm AKMODEL GROUPS 2nd Anniversary (Photos)

    0 shares
    Share 0 Tweet 0
  • Unity Bank, Lagos Food Bank Partner To Donate Food Items To Lagos Community

    0 shares
    Share 0 Tweet 0
  • AKMODEL Groups C.E.O, Bldr. Odegade Clocks A New Age

    0 shares
    Share 0 Tweet 0

Recent Posts

  • Naira Scarcity: NLC Declares Nationwide Strike, Protests At CBN
  • GTCO Food & Drink Festival 2023… A Celebration Of Food!
  • Dangote Cement To Pay About N340billion Dividend On Friday, April 14th
  • Breaking: LP Wins First Gov Election As INEC Declares Otti Abia Gov-Elect
  • ELECTIONS: Archbishop Martins Condemns Ethnic Profiling, Calls for Peace, Tolerance
Starlite news icon

Browse by Category

Archives

  • Home
  • About Us
  • Contact Us

© 2022 | Crafted with ❤ by Claridan - Adsvance Digitals.

No Result
View All Result
  • Contact Us
  • About Us
  • Business
  • Politics
  • World
  • Entertainment
  • Lifestyle

© 2022 | Crafted with ❤ by Claridan - Adsvance Digitals.