{"id":68111,"date":"2023-01-06T06:26:50","date_gmt":"2023-01-06T05:26:50","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=68111"},"modified":"2023-01-06T06:26:50","modified_gmt":"2023-01-06T05:26:50","slug":"ngx-sheds-n430bn-as-prestige-assurance-airtel-africa-lead-losers-table","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/ngx-sheds-n430bn-as-prestige-assurance-airtel-africa-lead-losers-table\/","title":{"rendered":"NGX Sheds N430bn, As Prestige Assurance, Airtel Africa Lead Losers\u2019 Table"},"content":{"rendered":"

Trading on the Nigerian Exchange Ltd., (NGX) closed negative Thursday with market capitalisation losing N430 billion or 1.53 percent to close at N27.706 trillion from N28.136 trillion on Wednesday.<\/p>\n

Also, the All Share Index (ASI) dropped by 789.04 points or 1.53 percent to close at 50,868.52\u00a0 from 51,657.56 recorded on Wednesday.<\/p>\n

The downturn in the performance of the market was due to profit-taking in Airtel Africa Plc and 15 others.<\/p>\n

As measured by market breadth, market sentiment was positive as 20 stocks gained relative to 15 losers.<\/p>\n

According to analysts at InvestmentOne Research, \u201cThe equities market closed negative today due to the loss by Airtel Africa.<\/p>\n

\u201cGoing forward, we expect investors\u2019 sentiments to be swayed by the search for real positive returns and developments in the interest rate space.<\/p>\n

\u201cWe reiterate that this may be a great period to pick up some quality names with a medium to the long-term investment horizon.\u201d<\/p>\n

Prestige Assurance led the losers\u2019 table, dropping by 8.7 percent to 42k per share, followed by Airtel Africa which depreciated by 8.26 percent to close at N1,500 per share.<\/p>

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Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

UPL Plc was down by 7.37 percent to N1.76 as NPF Microfinance bank declined by 7.10 percent to close at N1.76 per share.<\/p>\n

In addition, Royal Exchange was down by 6.36 percent to close trading at N1.03 per share.<\/p>\n

On the gainers\u2019 chart, Johnholt Plc appreciated by 10 percent to 88k per share as Honeywell Flour Plc gained 9.96 percent to N2.43 per share.<\/p>\n

CWG added 9.78 percent to N1.01 per share as UACN rose by 4.88 percent to N10.75 per share.<\/p>\n

The total volume and value decreased by 57 percent and 58 percent respectively, as investors exchanged about 139 million units of shares worth N1.83 billion.<\/p>\n

Sterling Bank Plc dropped by 2.10 percent, the most actively traded stock with about 29 million units of shares worth about N41 million.<\/p>\n","protected":false},"excerpt":{"rendered":"

Trading on the Nigerian Exchange Ltd., (NGX) closed negative Thursday with market capitalisation losing N430 billion or 1.53 percent to close at N27.706 trillion from N28.136 trillion on Wednesday.<\/p>\n","protected":false},"author":6,"featured_media":63124,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17],"tags":[5811,2566],"coauthors":[2391],"class_list":["post-68111","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-news","tag-airtel-africa","tag-prestige-assurance"],"yoast_head":"\nNGX Sheds N430bn, As Prestige Assurance, Airtel Africa Lead Losers\u2019 Table - National Wire<\/title>\n<meta name=\"description\" content=\"Trading on the Nigerian Exchange Ltd., (NGX) closed negative Thursday with market capitalisation losing N430 billion\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/ngx-sheds-n430bn-as-prestige-assurance-airtel-africa-lead-losers-table\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NGX Sheds N430bn, As Prestige Assurance, Airtel Africa Lead Losers\u2019 Table - 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