{"id":328530,"date":"2021-03-18T13:17:09","date_gmt":"2021-03-18T12:17:09","guid":{"rendered":"https:\/\/arewa.ng\/?p=328530"},"modified":"2021-03-18T13:17:31","modified_gmt":"2021-03-18T12:17:31","slug":"stock-market-bearish-again-indices-down-by-0-04","status":"publish","type":"post","link":"https:\/\/arewa.ng\/?p=328530","title":{"rendered":"Stock market bearish again, indices down by 0.04%"},"content":{"rendered":"
\"Stock<\/p>\n

Negative sentiments resurfaced on the Nigerian Stock Exchange (NSE) on Wednesday with the key indicators dropping by 0.04 per cent due to profit-taking in banking stocks.<\/span><\/p>\n

<\/p>\n

Specifically, the All-Share Index lost 14.68 points or 0.04 per cent to close at 38,706.13 against 38,720.81 recorded on Tuesday.<\/span><\/p>\n

Accordingly, the month-to-date and year-to-date losses increased to 2.8 per cent and 3.9 per cent.<\/span><\/p>\n

Also, the market capitalisation, which opened at N20.258 trillion inched lower by N7 billion to close at N20.251 trillion.<\/span><\/p>\n

The loss was driven by price depreciation in large and medium capitalised stocks amongst which were; Guaranty Trust Bank, Vitafoam Nigeria, NCR Nigeria, Neimeth International Pharmaceuticals and NEM Insurance.<\/span><\/p>\n

NCR Nigeria led the losers\u2019 chart in percentage terms with 9.71 per cent to close at N2.79 per share.<\/span><\/p>\n

Neimeth International Pharmaceuticals followed with a decline of 9.09 per cent to close at N1.90, while Vitafoam shed 5.16 per cent to close at N7.35 per share.<\/span><\/p>\n

AXA Mansard Insurance dipped 5.05 per cent to close at 94k, while NEM Insurance dropped 4.57 per cent to close at N2.09 per share.<\/span><\/p>\n

Conversely, Wapic Insurance dominated the gainers\u2019 chart with a growth of 10 per cent to close at 55k per share.<\/span><\/p>\n

SFS Real Estate Investment Trust followed with 9.94 per cent to close at N68.60 and Oando went up 9.67 per cent to close at N3.29 per share.<\/span><\/p>\n

Unity Bank increased by 9.09 per cent to close at 72k, while Livestock Feeds appreciated by 2.63 per cent to close at N1.95 per share.<\/span><\/p>\n

The total volume of shares traded declined by 19.7 per cent with a turnover of 177.39 million shares valued <\/span>N2.68 billion in 4,103 deals.<\/span><\/p>\n

This was against 220.86 million shares worth N4.21 billion exchanged in 4,192 deals on Tuesday.<\/span><\/p>\n

Transactions in the shares of Guaranty Trust Bank topped the activity chart with 34.19 million shares valued <\/span>N957.79 million.<\/span><\/p>\n

Zenith Bank came second with 28.45 million shares worth N572.06 million, while United Bank for Africa sold 17.68 million shares valued N122.11 million.<\/span><\/p>\n

Transcorp accounted for 17.64 million shares worth N14.28 million, while Access Bank transacted 10.53 million shares valued N82.02 million. <\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Negative sentiments resurfaced on the Nigerian Stock Exchange (NSE) on Wednesday with the key indicators dropping by 0.04 per cent due to profit-taking in banking stocks. Specifically, the All-Share Index lost 14.68 points or 0.04 per cent to close at 38,706.13 against 38,720.81 recorded on Tuesday. Accordingly, the month-to-date and year-to-date losses increased to 2.8 […]<\/p>\n","protected":false},"author":1,"featured_media":328531,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[3],"tags":[1590],"class_list":["post-328530","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-nse"],"jetpack_publicize_connections":[],"_links":{"self":[{"href":"https:\/\/arewa.ng\/index.php?rest_route=\/wp\/v2\/posts\/328530","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/arewa.ng\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/arewa.ng\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/arewa.ng\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/arewa.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=328530"}],"version-history":[{"count":0,"href":"https:\/\/arewa.ng\/index.php?rest_route=\/wp\/v2\/posts\/328530\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/arewa.ng\/index.php?rest_route=\/wp\/v2\/media\/328531"}],"wp:attachment":[{"href":"https:\/\/arewa.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=328530"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/arewa.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=328530"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/arewa.ng\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=328530"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}