Domestic equity closes lower, sheds N13bn

Transactions on the floor of Nigerian Exchange yesterday closed northward , shedding N13 billion as the market witnessed low volume of activities during the day.

Volume of transactions went down by 95.709 or 64.85 per cent Investors traded 51.876 million shares valued at N590.008 million in 2981 deals against 147.585 million shares worth N2.393 billion in 3323 deals.

The NGX trading result showed that market capitalisation of listed equities declined by 0.05 per cent to N26.657 trillion from N26.670 trillion reported the previous day.

The NGX All Share Index also depreciated by 23.40 basis points to 49421.91 points from 49445.31 points recorded on Tuesday.

An analysis of the investment for the day showed that Unity Bank led gainers table during the day, increasing by 10 per cent to N0.44, Multiverse Plc followed with a gain of 9.82 per cent to N3.13, Fidelity Bank gained 5.46 per cent to N3.63, Honey Well Flour added 3.98 per cent to N2.35, Chams Plc up by 3.45 per cent to N0.30.

On the contrary, Academy Press topped losers chart during the day shedding 9.78 per cent to N1.66, NEM Insurance trailed with a loss of 6.08 per cent to N5.25, Cadbury Nigeria Plc fell by 5.45 per cent to N13.00, Jaiz Bank dipped by 4.76 per cent to N0.80, NGX Group down by 4.38 per cent to N18.55.

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