Julius Berger leads losers as stock market sheds N38bn

Julius Berger Nigeria Plc recorded the highest loss Tuesday at the Nigerian Stock Exchange (NSE) declining by N2.05 kobo to close at N24.90 kobo.

Okomu Oil trailed with a loss of N2.00 to close at N70.00, Dangote Flour Mills fell by N1.75 kobo to close at N16.00, Cadbury Nigeria Plc sheds N1.10 kobo to close at N10.70 kobo while Zenith Bank down by N0.35 kobo to close at N20.55 kobo.

On the contrary, Betaglass led gainers table, growing by N5.70 kobo to close at N62.70 kobo, Access Bank Plc followed with a gain of N0.20 kobo to close at N7.15 kobo, Custodian and Investment gained N0.15 kobo to close at N6.50 kobo, PZ industry appreciated by N0.05 kobo to close at N9.00 while FBNHoldings added N0.05 kobo to close at N7.45 kobo.

Market capitalisation of listed equities declined further by N38 billion or 0.34 per cent to N10.935 trillion from N10.973 trillion it closed on Monday.

The NSE All Share Index depreciated by 100.46 basis points to 29096.41 points from 29196.87 points reported the previous day. 

Investors during the day traded 430.269 million shares valued at N2.834 billion in 4512 deals against 271.075 million shares worth N1.389 billion exchanged hands the previous day in 3814 deals.

The result further showed Courteville Business Solution Plc was the most active stock during the day, exchanging 106.573 million shares worth N26.861 million, Japaul Oil and Maritime followed with account of 61.322 million shares valued at N21.320 million, Access Bank traded 53.691 million shares cost N378.307 million, United Bank for Africa sold 40.515 million shares valued at N268.491 million while Zenith Bank Plc sold a total of 21.110 million shares worth N456.648 million.

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