{"id":45008,"date":"2022-08-30T23:45:45","date_gmt":"2022-08-30T23:45:45","guid":{"rendered":"https:\/\/thefreezonechannel.com\/?p=45008"},"modified":"2022-08-30T23:45:51","modified_gmt":"2022-08-30T23:45:51","slug":"activities-in-equity-market-dip-by-0-07","status":"publish","type":"post","link":"https:\/\/thefreezonechannel.com\/old\/activities-in-equity-market-dip-by-0-07\/","title":{"rendered":"Activities in equity market dip by 0.07%"},"content":{"rendered":"<p>The equity market extended losses on Tuesday as the market capitalisation dropped by 0.07 per cent to close at N26.776 trillion from the 26.794 trillion on Monday.<\/p>\n\n\n\n<p>Similarly, the All-Share Index dipped further by 34.06 points or 0.07&nbsp; per cent to 49,642.69 from 49.676.75 recorded on Monday.<\/p>\n\n\n\n<p>The negative performance was due to selloffs in stocks of MTN Nigeria and Tier-One banks, which included Guaranty Trust Holding Company (GTCO) and Access Holdings.<\/p>\n\n\n\n<p>Analysts at GTI Research said, \u201cSell pressure persists extending the bearish trend, as investors continue to react to prevailing sovereign risk and interest rate environment.<\/p>\n\n\n\n<p>\u201cWe expect the trend to continue till the end of the week.\u201d<\/p>\n\n\n\n<p>Overall there were 13 gainers and 13 losers, with E-Tranzact International leading the gainers\u2019 chart with 9.65 per cent to close at N2.50 per share.<\/p>\n\n\n\n<p>Sovereign Trust Insurance followed with a rise of 7.69 per cent to close at 28k, while Vitafoam Nigeria gained 7.27 per cent to close at N23.60 per share.<\/p>\n\n\n\n<p>Also, Japaul Gold and Ventures rose by 6.45 per cent to close 33k per share. Consolidated Hallmark appreciated by 4.84 per cent to close at 65k.<\/p>\n\n\n\n<p>Conversely, Courteville Business Solutions led the losers\u2019 chat with a depreciation of 7.69 per cent to close at 0.48 per share.<\/p>\n\n\n\n<p>FCMB Group declined by 4.06 per cent to close at N3.07, while UPDC went down by 3.77 per cent to close at N1.02 per share.<\/p>\n\n\n\n<p>Nigerian Aviation Handling Company (NAHCO) fell by 3.72 per cent to close at N5.70 per share.<\/p>\n\n\n\n<p>Also, Cadbury lost by 2.99 per cent to close at N13.00 per share.<\/p>\n\n\n\n<p>Analysis of today\u2019s activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 44.32 per cent.<\/p>\n\n\n\n<p>A total of 125.95 million shares valued at N3.07 billion were exchanged in 4.145 deals.<\/p>\n\n\n\n<p>Mutual Benefits Assurance recorded the highest volume of 25.34 million shares traded worth N8.24 million.<\/p>\n\n\n\n<p>Fidelity Bank followed, having sold 10.23 million shares valued at N31.07 million.<\/p>\n\n\n\n<p>Access Holdings traded 8.99 million shares worth N73.68 million, while FBN Holdings sold 7.71 million shares amounting to N84.39 million.<\/p>\n\n\n\n<p>Also, MTN Nigeria sold 7.27 million shares worth 1.45 billion<\/p>\n\n<!--themify_builder_content-->\n<div id=\"themify_builder_content-45008\" data-postid=\"45008\" class=\"themify_builder_content themify_builder_content-45008 themify_builder tf_clear\">\n    <\/div>\n<!--\/themify_builder_content-->","protected":false},"excerpt":{"rendered":"<p>The equity market extended losses on Tuesday as the market capitalisation dropped by 0.07 per cent to close at N26.776 trillion from the 26.794 trillion on Monday. Similarly, the All-Share Index dipped further by 34.06 points or 0.07&nbsp; per cent to 49,642.69 from 49.676.75 recorded on Monday. The negative performance was due to selloffs in [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":22945,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1366,949],"tags":[295],"class_list":["post-45008","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-economy","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>Activities in equity market dip by 0.07% - 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\/activities-in-equity-market-dip-by-0-07\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Activities in equity market dip by 0.07% - The Freezone Channel\" \/>\n<meta property=\"og:description\" content=\"The equity market extended losses on Tuesday as the market capitalisation dropped by 0.07 per cent to close at N26.776 trillion from the 26.794 trillion on Monday. Similarly, the All-Share Index dipped further by 34.06 points or 0.07&nbsp; per cent to 49,642.69 from 49.676.75 recorded on Monday. 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