{"id":22802,"date":"2020-03-19T19:05:24","date_gmt":"2020-03-19T19:05:24","guid":{"rendered":"https:\/\/www.africa-press.com\/nigeria\/?p=22802"},"modified":"2020-03-19T19:05:24","modified_gmt":"2020-03-19T19:05:24","slug":"nse-investors-lose-n371bn-to-intense-profit-taking","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/all-news\/nse-investors-lose-n371bn-to-intense-profit-taking","title":{"rendered":"NSE: Investors lose N371bn to intense profit taking"},"content":{"rendered":"<p>AfricaPress-Nigeria:<\/p>\n<p>Profit-taking efforts in bellwether stocks across the banking, industrial, telecoms and ICT sectors Thursday caused the market to record tremendous loss, easily reversing the modest gain recorded at yesterday\u2019s session.<\/p>\n<p>Consequently, all the major market performance indicators closed in the positive territory.<\/p>\n<p>The Banking Index was worst hit by price slump among the sector indices as it shed 7.75% to close at 241.91 basis points<\/p>\n<p>Trade ended with a negative market breath as 22 losers emerged against 13 losers. The All Share Index (ASI) fell by 3.12% to close at 22,078.58 basis points. Equally, the market capitalisation climbed shed N370.547 billion, plunging to N14.516 trillion at the end of today\u2019s trade. Year to date, the index is down by 17.60.<\/p>\n<p>TOP 5 GAINERS<\/p>\n<p>Africa Prudential led gainers today, growing by 9.91% to close at N3.55. International Breweries rose by 4.76% to close at N5.5. Dangote Sugar went up by 1.52% to N10. Sterling Bank leapt to N1.08, notching up 9.09% in the process. Livestock completed the top 5, climbing up by 9.09% to N0.6.<\/p>\n<p>TOP 5 LOSERS<\/p>\n<p>Nestle topped the losers\u2019 table today, declining by 3.41% to close at N850. MTNN shrank by 4.78% to end the day at N99.5. Dangote Cement fell to N129, losing 3.30%. Zenith Bank slumped to N12.15, recording 10% loss. WAPCO tumbled to N10.1, going down by 6.48%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>AfricaPress-Nigeria: Profit-taking efforts in bellwether stocks across the banking, industrial, telecoms and ICT sectors Thursday caused the market to record tremendous loss, easily reversing the modest gain recorded at yesterday\u2019s session. Consequently, all the major market performance indicators closed in the positive territory. The Banking Index was worst hit by price slump among the sector [&hellip;]<\/p>\n","protected":false},"author":62,"featured_media":3952,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[1157,1456],"class_list":["post-22802","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-nigerias-power-market","tag-nse"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>NSE: Investors lose N371bn to intense profit taking - Nigeria<\/title>\n<meta name=\"description\" content=\"AfricaPress-Nigeria:Profit-taking efforts in bellwether stocks across the banking, industrial, telecoms and ICT sectors Thursday caused the market\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/all-news\/nse-investors-lose-n371bn-to-intense-profit-taking\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NSE: Investors lose N371bn to intense profit taking\" \/>\n<meta property=\"og:description\" content=\"AfricaPress-Nigeria:Profit-taking efforts in bellwether stocks across the banking, industrial, telecoms and ICT sectors Thursday caused the market\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/all-news\/nse-investors-lose-n371bn-to-intense-profit-taking\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2020-03-19T19:05:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/upload\/sites\/3\/2019\/02\/naira.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1440\" \/>\n\t<meta property=\"og:image:height\" content=\"1039\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"alico\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"alico\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/nse-investors-lose-n371bn-to-intense-profit-taking#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/nse-investors-lose-n371bn-to-intense-profit-taking\"},\"author\":{\"name\":\"alico\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/50afd2ef4f0e900bd0a176404a8484a7\"},\"headline\":\"NSE: Investors lose N371bn to intense profit taking\",\"datePublished\":\"2020-03-19T19:05:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/nse-investors-lose-n371bn-to-intense-profit-taking\"},\"wordCount\":215,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/nse-investors-lose-n371bn-to-intense-profit-taking#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/upload\/sites\/3\/2019\/02\/naira.jpg\",\"keywords\":[\"Nigeria\u2019s power market\",\"NSE\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/all-news\/nse-investors-lose-n371bn-to-intense-profit-taking#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/nse-investors-lose-n371bn-to-intense-profit-taking\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/nse-investors-lose-n371bn-to-intense-profit-taking\",\"name\":\"NSE: Investors lose N371bn to intense profit taking - 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