{"id":45353,"date":"2022-09-12T20:07:22","date_gmt":"2022-09-12T20:07:22","guid":{"rendered":"https:\/\/thefreezonechannel.com\/?p=45353"},"modified":"2022-09-12T20:07:27","modified_gmt":"2022-09-12T20:07:27","slug":"ngx-capitisation-drops-by-n38bn","status":"publish","type":"post","link":"https:\/\/thefreezonechannel.com\/old\/ngx-capitisation-drops-by-n38bn\/","title":{"rendered":"NGX: Capitisation drops by N38bn"},"content":{"rendered":"<p>The Nigerian Exchange Ltd. (NGX) started the week on a negative note as market capitalisation stood at N26.767 trillion, representing a 0.14 per cent decrease from the N26.805 trillion recorded on Friday.<\/p>\n\n\n\n<p>Also, the All-Share-Index (ASI) shed 69.41 basis points or 0.14 per cent to close at 49,625.71 as against 49,695.12 the previous session.<\/p>\n\n\n\n<p>Market breadth closed with 13 stocks that gained and lost, respectively.<\/p>\n\n\n\n<p>Multiverse Mining &amp; Exploration led the gainers\u2019 table during the day, gaining 9.32 per cent to close at N2.58 per share.<\/p>\n\n\n\n<p>FTN Cocoa Processors followed with a gain of 6.67 per cent to close at 32k, while Chams added 6.45 per cent to close at 33k per share.<\/p>\n\n\n\n<p>Academy Press appreciated by 4.76 per cent to close at N2.20 and Regency Alliance Insurance rose by 2.04 per cent to close at 25k per share.<\/p>\n\n\n\n<p>On the other hand, Beta Glass Company topped the losers\u2019 chart, shedding 9.96 per cent to close at N46.10 per share.<\/p>\n\n\n\n<p>Learn Africa trailed with a loss of 8.89 per cent to close at N2.05, while NEM Insurance declined by 7.96 per cent to close at N5.20 per share.<\/p>\n\n\n\n<p>Japaul Gold and Tripple Gee &amp; Co were down by 6.9 per cent each to close at 27k and 81k, respectively.<\/p>\n\n\n\n<p>Overall the volume of shares traded stood at 86.59 million, representing a 72.86 per cent decrease from 319.09 shares at the previous session.<\/p>\n\n\n\n<p>Also, the value of traded stocks dropped by 37.22 per cent to stand at<\/p>\n\n\n\n<p>N1.17 billion compared with N1.86 billion recorded in Friday.<\/p>\n\n\n\n<p>Guaranty Trust Holding Company (GTCO) was the most active stock, exchanging 19.47 million shares worth N385.59 million.<\/p>\n\n\n\n<p>Sterling Bank followed with an account of 6.21 million shares valued at N9.35 million, while Zenith Bank traded 5.92 million shares worth N118.68 million.<\/p>\n\n\n\n<p>Fidelity Bank sold 5.38 million shares valued at N20.02 million, while Chams exchanged 5.63 million shares worth N1.87 million.<\/p>\n\n<!--themify_builder_content-->\n<div id=\"themify_builder_content-45353\" data-postid=\"45353\" class=\"themify_builder_content themify_builder_content-45353 themify_builder tf_clear\">\n    <\/div>\n<!--\/themify_builder_content-->","protected":false},"excerpt":{"rendered":"<p>The Nigerian Exchange Ltd. (NGX) started the week on a negative note as market capitalisation stood at N26.767 trillion, representing a 0.14 per cent decrease from the N26.805 trillion recorded on Friday. Also, the All-Share-Index (ASI) shed 69.41 basis points or 0.14 per cent to close at 49,625.71 as against 49,695.12 the previous session. Market [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":24081,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1366,949],"tags":[295],"class_list":["post-45353","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>NGX: Capitisation drops by N38bn - 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-capitisation-drops-by-n38bn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NGX: Capitisation drops by N38bn - The Freezone Channel\" \/>\n<meta property=\"og:description\" content=\"The Nigerian Exchange Ltd. (NGX) started the week on a negative note as market capitalisation stood at N26.767 trillion, representing a 0.14 per cent decrease from the N26.805 trillion recorded on Friday. Also, the All-Share-Index (ASI) shed 69.41 basis points or 0.14 per cent to close at 49,625.71 as against 49,695.12 the previous session. 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