{"id":74529,"date":"2023-08-02T10:21:51","date_gmt":"2023-08-02T09:21:51","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=74529"},"modified":"2023-08-02T10:21:51","modified_gmt":"2023-08-02T09:21:51","slug":"ngx-loses-n79bn-in-bearish-trading","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/ngx-loses-n79bn-in-bearish-trading\/","title":{"rendered":"NGX Loses N79bn In Bearish Trading"},"content":{"rendered":"

The bears dominated trading activities on the Nigerian Exchange Ltd. (NGX) with the market capitalisation losing N79 billion in trading on Tuesday.<\/p>\n

Specifically, the market capitalisation, which opened at N35.01 trillion shed N79 billion to close at N34.932 trillion.<\/p>\n

Similarly, the NGX All-Share Index decreased by 145.32 points or 0.23 per cent to close at 64,192.20 from 64,337.52 posted on Monday.<\/p>\n

The NGX ASI year-to-date return stood at 25.25 per cent.<\/p>\n

A breakdown of the price movement shows that John Holt topped the losers\u2019 chart with 10 per cent to close at N1.80 per share.<\/p>\n

Ellah Lakes trailed with a loss of 9.92 per cent to close at N3.54, while Fidelity Bank lost 9.88 per cent to close at N7.75 per share.<\/p>\n

Japaul Gold dipped by 9.71 per cent to close at 93 kobo, while Sovereign Trust Insurance\u00a0 was\u00a0 down by 9.51 per cent to close at 57 kobo per share.<\/p>\n

On the other hand, Dangote Sugar and Abbey Mortgage Bank led the gainers\u2019 table, increasing by 10 per cent to close at N29.70 and N1.10 per share, respectively.<\/p>\n

Chellarams followed with a gain of 9.87 per cent to close at N2.56, while Tantalizers rise by\u00a0 9.68 per cent close at 72 kobo per share.<\/p>

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Sunu Assurances added by 9.09 per cent to close at 72 kobo per share.<\/p>\n

AIICO was the most active stock exchanging, 314.64 million shares valued at N220.21 million.<\/p>\n

United\u00a0 Bank for Africa (UBA) followed with an account of 54.49 million shares worth N742.99 million, while Mansard traded 48.83 million shares valued at N198 million.<\/p>\n

Ecobank Transnational Incorporated (ETI) exchanged 41.87 million shares N640.26 million, while First City Monument Bank sold 28.56 million shares cost N175.72 million.<\/p>\n

In all, investors bought 762.1 million shares valued at N7.71 billion exchanged in 7,735 deals.<\/p>\n

Experts at United Capital said, \u201cWe expect the bears to dominate at tomorrow\u2019s trading session as some investors start exiting their positions in stocks with poor half-year performance.\u201d (NAN)<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

The bears dominated trading activities on the Nigerian Exchange Ltd. (NGX) with the market capitalisation losing N79 billion in trading on Tuesday.<\/p>\n","protected":false},"author":6,"featured_media":73596,"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":[8539],"coauthors":[2391],"class_list":["post-74529","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-news","tag-ngx"],"yoast_head":"\nNGX Loses N79bn In Bearish Trading - National Wire<\/title>\n<meta name=\"description\" content=\"The bears dominated trading activities on the Nigerian Exchange Ltd. 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