{"id":29555,"date":"2021-04-13T01:26:34","date_gmt":"2021-04-13T00:26:34","guid":{"rendered":"http:\/\/thefreezonechannel.com\/?p=29555"},"modified":"2021-10-07T00:24:39","modified_gmt":"2021-10-07T00:24:39","slug":"stock-market-opens-in-red-index-down-by-0-40","status":"publish","type":"post","link":"https:\/\/thefreezonechannel.com\/old\/stock-market-opens-in-red-index-down-by-0-40\/","title":{"rendered":"Stock market opens in red, index down by 0.40%"},"content":{"rendered":"<p>Chris Ndibe<\/p>\n\n\n<p>Trading on the Nigerian Exchange Limited (NGX) opened activities for the week on Monday on a negative note with key indicators dropping by 0.40 per cent.<\/p>\n\n\n<p>The decline was due to investors profit-taking on some recently appreciated stocks such as Stanbic IBTC Holdings and 19 others.<\/p>\n\n\n<p>Specifically, the All-Share Index declined by 153.84 points, representing a decrease of 0.40 per cent, to close at 38,712.55 from 38,866.39 recorded on Friday.<\/p>\n\n\n<p>Similarly, the overall market capitalisation lost N74 billion to close at N20.261 trillion, from N20.335 trillion on Friday, following the listing of additional 2.43 billion ordinary shares of e-Tranzact Plc at N1.50 per share.<\/p>\n\n\n<p>The market loss was driven by price depreciation in large and medium capitalised stocks, amongst which are Stanbic IBTC Holdings, Okomu Oil, Guinness Nigeria, Nigerian Breweries and Custodian Investment.<\/p>\n\n\n<p>Consequently, market sentiment remained negative with 20 laggards in contrast with 16 gainers.<\/p>\n\n\n<p>Stanbic IBTC Holdings led the losers\u2019 chart in percentage terms with 9.94 per cent to close at N43.50 per share.<\/p>\n\n\n<p>Guinness followed with 9.93 per cent to close at N26.75, while Custodian Investment shed 8.40 per cent to close at N6 per share.<\/p>\n\n\n<p>Nigerian Aviation Handling Company shed 7.73 per cent to close at N2.03, while PZ Cussons depreciated by 5.15 per cent to close at N4.60 per share.<\/p>\n\n\n<p>Conversely, Japaul Gold and Ventures dominated gainers\u2019 chart in percentage terms, gaining 9.52 per cent to close at 69k per share.<\/p>\n\n\n<p>UACN Property Development Company followed with a gain 9.33 per cent to close at 82k per share.<\/p>\n\n\n<p>Africa Prudential and Royal Exchange appreciated by 8.33 per cent each to close at N5.85 and 39k per share, respectively.<\/p>\n\n\n<p>Sterling Bank gained 7.69 per cent to close at N1.68 per share.<\/p>\n\n\n<p>Meanwhile, the total volume of shares traded increased marginally by 0.17 per cent to 194.024 million shares valued at N1.364 billion exchanged in 4,290 deals.<\/p>\n\n\n<p>This was against 160.65 million shares worth N1.28 billion transacted in 3, 507 deals on Friday.<\/p>\n\n\n<p>Transactions in the shares of Fidelity Bank topped the activity chart with 30.88 million shares valued at N77.624 million.<\/p>\n\n\n<p>Chams Plc followed with 29.532 million shares worth N5.96 million, while Access Bank traded 23.37 million shares valued at N188.990 million.<\/p>\n\n\n<p>FBN Holdings traded 11.32 million shares worth N82.64 million, while Mutual Benefits Assurance transacted 11.08 million shares valued at N4.34 million.<\/p>\n<!--themify_builder_content-->\n<div id=\"themify_builder_content-29555\" data-postid=\"29555\" class=\"themify_builder_content themify_builder_content-29555 themify_builder tf_clear\">\n    <\/div>\n<!--\/themify_builder_content-->","protected":false},"excerpt":{"rendered":"<p>Chris Ndibe Trading on the Nigerian Exchange Limited (NGX) opened activities for the week on Monday on a negative note with key indicators dropping by 0.40 per cent. The decline was due to investors profit-taking on some recently appreciated stocks such as Stanbic IBTC Holdings and 19 others. Specifically, the All-Share Index declined by 153.84 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":24081,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[210],"class_list":["post-29555","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-stock-market","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stock market opens in red, index down by 0.40% - The Freezone Channel<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thefreezonechannel.com\/old\/stock-market-opens-in-red-index-down-by-0-40\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stock market opens in red, index down by 0.40% - The Freezone Channel\" \/>\n<meta property=\"og:description\" content=\"Chris Ndibe Trading on the Nigerian Exchange Limited (NGX) opened activities for the week on Monday on a negative note with key indicators dropping by 0.40 per cent. The decline was due to investors profit-taking on some recently appreciated stocks such as Stanbic IBTC Holdings and 19 others. 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