Stock market sheds N120bn

Transactions on the floor of Nigerian Stock Exchange (NSE) sustained declining profile, shedding N120 billion. Specifically, Market Capitalisation of listed equities declined further by 1.02 per cent to N11.677 trillion from N11.797 trillion reported the previous day. The NSE All Share Index depreciated by 323.30 basis points to  31313.36 points from 31 636.66 points traded on Monday.

 Investors traded 219.369 million shares worth N2.927 billion in 3345 deals against 128.374 million shares valued at N2.386 billion in 2752 deals.

A review of the trading activities showed that Wapco led gainers table during the day, gaining N0.50 kobo to close at N13.00, United Capital Plc followed with a gain of N0.13 kobo to close at N3.28 kobo, UAC Property added N0.13 kobo to close at N1.95 kobo, Africa Prudential increased by N0.12 kobo to close at N4.92 kobo while Union Bank of Nigeria gained N0.10 to close at N7.00

Mobil Plc on the contrary, recorded the highest loss during the day, declining by N5.10 kobo to close at N165.00, International Breweries trailed with a loss of N2.65 kobo to close at N24.05 kobo, Guaranty Trust Bank dropped by N1.80 kobo to N35.50 kobo, Nascon fell by N1.00 to close at N20.70 kobo, Dangote Cement Industries Plc depreciated by N1.00 to close at N194.00

The result indicated that FBNHolding Plc was the most active stock during the day, exchanging 60.138 million shares worth N493.118 million, Zenith Bank Plc followed with account of 46.460 million shares valued at N1.050 billion. Diamond Bank Plc exchanged 14.466 million shares worth N35.315 million, Access Bank traded 11.451 million shares cost N68.458 million while United Bank for Africa sold 8.529 million shares worth N64.656 million.

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