{"id":40375,"date":"2022-02-08T22:59:34","date_gmt":"2022-02-08T22:59:34","guid":{"rendered":"https:\/\/thefreezonechannel.com\/?p=40375"},"modified":"2022-02-08T22:59:45","modified_gmt":"2022-02-08T22:59:45","slug":"ngx-extends-losing-streak-by-n79bn","status":"publish","type":"post","link":"https:\/\/thefreezonechannel.com\/old\/ngx-extends-losing-streak-by-n79bn\/","title":{"rendered":"NGX extends losing streak by N79bn"},"content":{"rendered":"<p>The Nigerian equities market on Tuesday extended bearish run on Tuesday as a result of profit taking in BUA Foods and 20 other stocks.<\/p>\n\n\n\n<p>Specifically, the All-Share Index declined by 146.15 per cent or 0.31 per cent to close at 47,057.24 compared with 47,203.39 achieved on Monday.<\/p>\n\n\n\n<p>Consequently, the month-to-date and year-to-date returns moderated to 0.9 per cent and 10.2 per cent, respectively.<\/p>\n\n\n\n<p>Similarly, the market capitalisation inched lower by N79 billion or 0.31 per cent to close at N25.357 trillion from N25.436 trillion on Monday.<\/p>\n\n\n\n<p>The market negative performance was driven by price depreciation in large and medium capitalised stocks which are; BUA Foods, MTN Nigeria Communications (MTNN), Unilever, Fidson Healthcare and United Capital.<\/p>\n\n\n\n<p>Market sentiment was negative with 21 laggards in relative to 18 gainers.<\/p>\n\n\n\n<p>Courteville Business Solutions led the losers\u2019 chart in percentage terms by 7.27 per cent to close at 51k per share.<\/p>\n\n\n\n<p>UACN Property Development Company (UPDC) followed with a decline of 5.66 per cent to close at N1, while University Press lost 5.41 per cent to close at N2.45 per share.<\/p>\n\n\n\n<p>Unilever Nigeria lost 4.36 per cent to close at N13.15, while BUA Foods shed 4.04 per cent to close at N61.80 per share.<\/p>\n\n\n\n<p>Conversely, Presco drove the gainers\u2019 chart in percentage terms by 10 per cent to close at N104.50 per share.<\/p>\n\n\n\n<p>NEM Insurance followed with 9.97 per cent to close at N3.31, while Ikeja Hotel gained 9.77 per cent to close at N1.46 per share.<\/p>\n\n\n\n<p>SUNU Assurances went up by 9.09 per cent to close at 36k, while AIICO Insurance appreciated by 5.80 per cent to close at 73k per share.<\/p>\n\n\n\n<p>Also, the total volume shares traded declined by 16.56 per cent to 238.22 million shares worth N5.09 billion traded in 4,826 deals.<\/p>\n\n\n\n<p>This was against a total of 285.48 million shares valued at N5.13 billion shares traded in 5,342 deals on Monday.<\/p>\n\n\n\n<p>Transactions in the shares of Guaranty Trust Holding Company (GTCO) topped the activity chart with 32.354 million shares valued at N887.764 million.<\/p>\n\n\n\n<p>Zenith Bank followed with 24.33 million shares worth N653.47 million, while Fidelity Bank traded 22.29 million shares valued at N63.93 million.<\/p>\n\n\n\n<p>Transcorp traded 21.39 million shares valued at N24.85 million, while Nigerian Exchange Group (NGXGroup) transacted 17.23 million shares worth N426.63 million.<\/p>\n\n<!--themify_builder_content-->\n<div id=\"themify_builder_content-40375\" data-postid=\"40375\" class=\"themify_builder_content themify_builder_content-40375 themify_builder tf_clear\">\n    <\/div>\n<!--\/themify_builder_content-->","protected":false},"excerpt":{"rendered":"<p>The Nigerian equities market on Tuesday extended bearish run on Tuesday as a result of profit taking in BUA Foods and 20 other stocks. Specifically, the All-Share Index declined by 146.15 per cent or 0.31 per cent to close at 47,057.24 compared with 47,203.39 achieved on Monday. Consequently, the month-to-date and year-to-date returns moderated to [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":22945,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[126],"tags":[295],"class_list":["post-40375","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trade-and-industry","tag-stock","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>NGX extends losing streak by N79bn - 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\/ngx-extends-losing-streak-by-n79bn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NGX extends losing streak by N79bn - The Freezone Channel\" \/>\n<meta property=\"og:description\" content=\"The Nigerian equities market on Tuesday extended bearish run on Tuesday as a result of profit taking in BUA Foods and 20 other stocks. Specifically, the All-Share Index declined by 146.15 per cent or 0.31 per cent to close at 47,057.24 compared with 47,203.39 achieved on Monday. 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