Equity market declines further by N73bn

Trading activities on the floor of Nigerian Stock Exchange (NSE) yesterday sustained negative profile, shedding N73 billion.
Specifically, market capitalisation of listed equities declined by 0.61 per cent to N11.961 trillion from N12.034 trillion reported the previous day.
Also the NSE All Share Index deprecated by 199.92 basis points to 32763.35 points from 32962.27 points reported on Wednesdays.
Investors traded 154.290 million shares worth N2.729 billion in 2715 deals against 172.196 million shares valued at N2.052 billion exchanged hands the previous day in 2366 deals.
An analysis of the transactions showed that Total Nigeria Plc was the most active stock during the day, gaining N1.90 kobo to close at N183.0, Nigerian Breweries followed with a gain of N1.40 kobo to close at N91.50 kobo, Custodian and Allied Insurance gained N0.24 kobo to close at N5.28 kobo, Zenith International Bank appreciated by N0.10 kobo to close at N21.50 kobo, Linkages Assurance added N0.06 kobo to close at N0.70 kobo.
Nestle Nigeria Plc on the other hand topped losers chart, shedding N62.50 kobo to close at N1432.50 kobo, Guaranty Trust Bank trailed with a loss of N0.80 kobo to close at N36.70 kobo, PZ industries down by N0.65 kobo to close at N12.85 kobo, Cement Company of Northern Nigeria fell by N0.65 kobo to close at N23.00, Dangote Sugar Refinery declined by N0.40 kobo to close at N14.20 kobo.
The result further showed that Fidelity Bank of the banking sector was the most active stock during the day, exchanging 23.304 million shares worth N39.342 million, Guaranty Trust Bank followed with account of 16.756 million shares worth N621.374 million.
United Bank for Africa traded 16.225 million shares cost N134.858 million, Zenith international Bank traded 11.428 millions n shares cost N246.216 million.

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