Equity market sheds N1bn




Trading activities on the floor of Nigerian Exchange on Tuesday declined marginally shedding N1 billion.

Market capitalisation of listed equities fell by 0.003 per cent to N27.927 trillion from N27.928 trillion reported the previous day. The NGX All Share Index also depreciated by 1.50 basis points to 51802.48 points from 51803.98 points traded the previous day.

Investors traded 416.469 million shares valued at N3.458 billion in 4466 deals against 314.611 million shares worth N12.845 billion exchanged hands the previous day in 4708 deals. An analysis of the investment showed that Ikeja Hotel led gainers table during the day, increasing by 10 per cent to N1.21, Royal Exchange followed with a gain of 7.29 per cent to N1.03, NPF Micro Finance Bank added 7.27 per cent to N1.77, Fidelity Bank added 4.88 per cent to N3.44, Glaxosmith grew by 4.84 per cent to N6.50.

On the contrary,UPL topped losers chart during the day, dropping by 9.62 per cent to N2.35, Chams Plc trailed with a lose of 8.00 per cent to N0.23, Linkage Assurance fell by 6.90 per cent to N0.54, Cutix Plc down by 6.25 per cent to N2.25, FTNCocoa dropped by 5.71 per cent to N0.33.

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