Equity market sheds N17bn

Investment in the nation’s equity market Thursday sustained declining profile, shedding N17 billion. Specifically, market Capitalisation of listed equities decreased by 0.13 per cent to N12.748 trillion  from N12.765 trillion traded the previous day.

The NSE All Share Index also fell  by 35.42 basis points to 26188.24 points from 26223.66 reported on Wednesday. Investors traded 726.189 million shares worth N2.968 billion in 3040 deals against 323.216 million valued at N3.121 billion in 3171 deals.

A review of the trading activities showed that Guaranty Trust Bank led gainers table, appreciating by N0.75 kobo to close at N27.00, United Bank for Africa followed with a gain of N0.05 kobo to close at N6.35 kobo, Access Bank gained N0.05 kobo to close at N8.40 kobo, Fidelity Bank added N0.02 kobo to close at N1.78 kobo while AIIC Insurance Plc increased by N0.02 kobo to close at N0.70 kobo.

On the contrary, Unilever Nigeria Plc recorded the highest loss during the day, declining by N2.40 kobo to close at N21.65 kobo, Stanbic IBTC group followed with a drop of N0.80 kobo to close St N37.00, Cadbury Nigeria  Plc fell by N0.60 kobo to close at N9.00, Dangote Sugar Refinery down by N0.40 kobo to close at N9.95 kobo, Zenith Bank Plc depreciated by N0.35 kobo to close at N17.00.

The result further showed that Jaiz Bank was the most active stock during the day, exchanging 502.023 million shares worth N271.113 million, Access Bank followed with account of 84.330 million shares valued at N705.983 million, Zenith Bank traded 52.940 million shares cost N907.320 million, Lafarge Wapco sold a total of 20.173 million shares worth N282.421 million while FBNHoldings traded 12.460 million shares cost N68.357 million.

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