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NSE: Equities market sheds N17bn as market indicators drop by 0.12%

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NSE: Equities market sheds N17bn as market indicators drop by 0.12%

Equities Market on Monday extended bearish performance into a new week as maket indicators of the Nigerian Stock Exchange (NSE) were down by 0.12%.

The All-Share Index (ASI) dropped by 12 basis points to close at 40,425.07 points as against 40,472.45 points recorded in the previous trading day.

The NSE Year-to-Date stood at 5.71% compared to 5.83% recorded in the last session. Investors lost N17bn as Market capitalisation of traded equities fell to N14.64tn down from N14.67tn.

Flour Mills Nigeria Plc. led the decliners’ list by dropping 95k to close at N34 per share. Guarranty Trust Bank Plc.

Followed with 50k loss to close at N43.50 per share, while Stanbic IBTC Bank Plc. depreciated by 45k to close at N48.5 per share

FBN Holdings Plc. shed 30k to close at 10.75k, while Oando Plc. lost 25k to close at N8.

Conversely, Forte Oil Plc. topped the advancers’ list by adding N1.90 to close at N40.65 per share. Nigerian Breweries Plc. trailed by appreciating by 50k to close at N123.70 per share, while Unilever Plc. also rose by 50k to close at N50.50 per share.

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ETI Plc. gained 40k to close at N21 per share, while UACN Plc. recorded 35k profit to close at N15.85 per share.

Afrinsure Plc. was investors’ choice today as it recorded 90, 001, 000 transactions valued at N18.69m, Fidelity Bank Plc. followed with 21, 907, 940 traded shares worth N48.95m, while Diamond Bank Plc. transacted 20, 517, 255 shares valued at N33.23m

Guarranty Trust Bank Plc. sold 15,150,281 shares worth N664.90m, while Access Bank Plc. exchanged 11, 525, 842 shares worth N123.60m.

In all, 271, 274, 775 units of shares were traded on the floor in 4, 052 deals worth N2.3bn.

 

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