{"id":48875,"date":"2023-03-04T04:44:00","date_gmt":"2023-03-04T04:44:00","guid":{"rendered":"https:\/\/thefreezonechannel.com\/?p=48875"},"modified":"2023-03-04T04:44:05","modified_gmt":"2023-03-04T04:44:05","slug":"stock-market-returns-to-bearish-trend-capitalisation-down-by-n77bn","status":"publish","type":"post","link":"https:\/\/thefreezonechannel.com\/old\/stock-market-returns-to-bearish-trend-capitalisation-down-by-n77bn\/","title":{"rendered":"Stock market returns to bearish trend, capitalisation down by N77bn"},"content":{"rendered":"<p>Trading activities on the Nigerian Exchange Ltd.(NGX) on Friday turned bearish as bargain hunting in Seplat and 15 others drove the performance with a loss of N77 billion.<\/p>\n\n\n\n<p>In summary, the market capitalisation lost N77 billion, to close at N30.249 trillion from N30.326 trillion at the trading session on Thursday.<\/p>\n\n\n\n<p>Also, the All-Share Index (ASI) dipped by 141.03 points, representing a decrease of 0.25 per cent to close at 55,529.21 as against 55,670.24 recorded on Thursday.<\/p>\n\n\n\n<p>Consequently, the year-to-date stood at 8.35 per cent.<\/p>\n\n\n\n<p>Market sentiment, as measured by market breadth, was positive as 17 stocks gained, relative to 16 losers.<\/p>\n\n\n\n<p>Academy Press recorded the highest price gain of 9.48 per cent to close at N1.27, while Neimeth International Pharma followed with a gain 8.97 per cent to close at N1.58 per share.<\/p>\n\n\n\n<p>Honeywell Flour Mills rose by 7.83 per cent to close at N2.34 per share.<\/p>\n\n\n\n<p>Also, Flour Mills Nigeria inched up with 4.69 per cent to close at N33.50 per share, while Sovereign Trust Insurance appreciated by 3.70 per cent to close at 28k per share.<\/p>\n\n\n\n<p>On the other hand, Seplat led the losers\u2019 chart by 9.43 per cent, to close at N1,200 per share.<\/p>\n\n\n\n<p>Oando followed with a decline of 8.62 per cent to close at N4.56, while WAPIC Insurance declined by 6.82 per cent to close at 41k, per share.<\/p>\n\n\n\n<p>Unity Bank shed 5.26 per cent to close at 54k per share, while First City Monument Bank (FCMB) depreciated by 4.02 per cent to close at N4.30 per share.<\/p>\n\n\n\n<p>However, the total volume of trades declined by 11 per cent to 184.24 million units, valued at N2.54 billion and exchanged in 3,962 deals.<\/p>\n\n<!--themify_builder_content-->\n<div id=\"themify_builder_content-48875\" data-postid=\"48875\" class=\"themify_builder_content themify_builder_content-48875 themify_builder tf_clear\">\n    <\/div>\n<!--\/themify_builder_content-->","protected":false},"excerpt":{"rendered":"<p>Trading activities on the Nigerian Exchange Ltd.(NGX) on Friday turned bearish as bargain hunting in Seplat and 15 others drove the performance with a loss of N77 billion. In summary, the market capitalisation lost N77 billion, to close at N30.249 trillion from N30.326 trillion at the trading session on Thursday. Also, the All-Share Index (ASI) [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":23541,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1366,949],"tags":[295],"class_list":["post-48875","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>Stock market returns to bearish trend, capitalisation down by N77bn - 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-returns-to-bearish-trend-capitalisation-down-by-n77bn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stock market returns to bearish trend, capitalisation down by N77bn - The Freezone Channel\" \/>\n<meta property=\"og:description\" content=\"Trading activities on the Nigerian Exchange Ltd.(NGX) on Friday turned bearish as bargain hunting in Seplat and 15 others drove the performance with a loss of N77 billion. In summary, the market capitalisation lost N77 billion, to close at N30.249 trillion from N30.326 trillion at the trading session on Thursday. 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