{
  "id": 1828198,
  "title": "Stock Market Down N544.5bn on Profit-taking in First Holdco, Others,",
  "url": "https://urgent.news/2026/08/18/stock-market-down-n544-5bn-on-profit-taking-in-first-holdco-others",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-18T23:08:00.000Z",
  "source": {
    "name": "This Day",
    "slug": "this-day",
    "url": "https://www.thisdaylive.com/2026/08/19/stock-market-down-n544-5bn-on-profit-taking-in-first-holdco-others/"
  },
  "original_language": "en",
  "account": "The Nigerian stock market experienced a decline of N544.5 billion on Tuesday, as investors opted for profit-taking following First Holdco Plc's downward trend. This marked the second consecutive trading session of the downward spiral. First Holdco's stock price dropped by 5.71% or N8.00 per share, closing at N132.00 per share. The market capitalization of all listed companies closed at N155.973 trillion, a decrease of N544.5 billion or 0.35% from the opening value of N156.518 trillion. The NGX All Share Index closed at 241,611.23 basis points, marking a 0.35% decline from 242,454.65 basis points. The market sentiment was negative, with 22 stocks gaining while 37 stocks lost value. HM Call Plc experienced the highest price gain of 9.97% to close at N4.84 per share. Veritaskap and Tantalizer followed with gains of 7.09% and 5.26% respectively. However, Red Star Express Plc led the losers' chart with a 10% decline, closing at N16.20 per share. The total volume traded decreased by 67.7% to 429.84 million units, valued at N27.48 billion, with 35,683 deals transacted. Sterling Financial Holdings Company Plc was the most traded stock by volume, while MTN Nigeria Communications Plc was the most traded stock by value.",
  "summary": "Kayode Tokede The domestic stock market yesterday depreciated by N544.5 billion over investors profit-taking in First Holdco Plc and 36 others to sustain its downward trend for the second consecutive",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}