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NSE: Bear run persists on panic selling in blue-chip stocks

The bear run in the Nigerian bourse continued today as sell pressure on blue-chip equities caused key performance indicators to close in the negative territory. A negative market breadth was recorded as 44 losers emerged against 3 losers. The All Share Index (ASI) fell by 3.72% to close at 22,695.88 basis points. The market capitalisation slumped to N11.827 trillion at the end of today’s trade. Year to date, the index is down by 15.45%


In value terms, Stanbic led gainers today, growing by 3.35% to close at N29.3. SAHCO gained 9.83% to close at N2.57. Caverton rose marginally by 10% to N2.31.


MTNN topped the losers’ table today, declining by 9.95% to close at N93.3. Okomu Oil shrank by 9.93% to end the day at N55.3. Presco tumbled to N40.45, losing 9.91%. Nigerian Breweries dipped to N29.7, recording 10% loss. Julius Berger closed at N20.2, going down by 9.82%.

READ ALSO: NSE: Nigerian bourse loses N1.081trn in 2 days to market jitters


1.059 billion shares worth N9.806 billion were traded today in 5,501 deals.

Zenith Bank was the most preferred stocks today with 433.157 million of its stocks worth N4.700 billion traded in 1,415 deals. 371.339 million units of UBA shares priced at N2.085 billion exchanged hands in 513 transactions. GTB had 62.184 million shares valued at N1.136 million traded in 795 deals. FBN Holding traded 31.948 million shares estimated at N128.213 million in 294 transactions. Wapic traded 20.643 million shares valued at N5.790 million in 67 deals.

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Ripples Nigeria

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