Seplat leads losers as equity market dips by N62bn

Seplat Petroleum Development recorded the highest loss at the Nigerian Stock Exchange, shedding N15.00 to close at N495.00, Forte Oil Plc trailed with a loss of N3.00 to close at N29.00, MTN Nigeria fell by N1.00 to close at N129.00, Stanbic IBTC group decrease by N0.65 kobo to close at N40.00, Nigerian Breweries dropped by N0.50 kobo to close at N58.00.

Cement Company of Northern Nigeria led gainers table, during the day, gaining N1.15 kobo to close at N13.30 kobo, Guinness Nigeria Plc followed with a gain of N0.95 kobo to close at N47.55 kobo, Champion Breweries gained N0.13 kobo to close at N1.69 kobo, Africa Prudential  Plc added N0.11 kobo to close at N3.52 kobo, Berger Paint increased by N0.10 kobo to close at N6.70 kobo

The Nigerian Stock Exchange (NSE) trading result for the day showed that the equity market closed southward, declining by N62 billion.  Market capitalisation of listed equities declined by 0.47 per cent to N13.074 trillion from N13.136 trillion reported the previous day. The NSE All Share  Index also depreciated by 140.52 basis points to 29668.68 points from 29809.20 traded on Monday. Investors traded 253.389 million shares worth N4.117 billion in 3836 deals

against 573.674 million  shares valued at N10.213 billion in 4076 deals.

Guaranty Trust Bank was the toast of investors during the day, trading  50.437 million shares worth N1.568 billion, Zenith Bank Plc followed with account of 22.195 million shares valued at N443.834 million, Custodian and Investment traded 21.421 million shares cost N119.892 million, Access Bank Plc sold 20.461 million share cost N135.874 million, United Bank for Africa exchanged 17.449 million shares valued at N111.463 million.

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