Equity market opens in negative trend, shedding N139bn

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Transactions at the nation’s equity market opens in downward trend, declining by N139 billion. Market capitalisation of listed equities depreciated by 0 90 per cent to N15.337 trillion from N15.476 trillion recorded the previously. The Nigerian Stock All Share Index dropped by 390.03 basis points to 42737.89 points from 43127.92 points reported on Friday.
The result showed that investors traded 517.437 million shares worth N5.185 billion in 5852 deals against 552.391 million shares valued at N4.494 billion exchanged hands on Friday in 5489 deals.
Dangote Cement led gainers table for the day, gaining N5.30 kobo to close at N272.00, Betaglass followed with a gain of N3.25 kobo to close at N68.70 kobo, PZ Industries gained N1.40 kobo to close at N25.40 kobo, International Breweries appreciated by N1.00 to close at N60.00, Glaxosmith Kline added N1.00 to close at N21.20 kobo
On the contrary, Nigerian Breweries recorded the highest loss during the day, dropping by N3.90 kobo to close at N133.00, Guaranty Trust Bank trailed with a loss of N2.40 kobo to close at N45.60 kobo, Wapco down by N2.00 to close at N50.00, Zenith International Bank fell by N1.50 kobo to close at N29.40 kobo while Flour Mills Nigeria Plc depreciated by N1.10 kobo to close at N31.50 kobo.
An analysis of the investment showed that
Skye Bank Plc was the investors delight during accounting for 73.151 million shares worth N79.161 million, FBNHoldings followed with account of 71.341 million shares cost N815.727 million, Jaiz Bank traded 40.572 million shares valued at N42.389 million, Transnational Corporation of Nigeria traded exchanged 40.476 million shares worth N84.074 million while FCMB group sold 26.221 million shares valued at N71.333 million.


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