Stock market loses by N20bn

Guinness Nigeria Plc recorded the highest loss at the close of transactions at the Nigerian Stock Exchange (NSE), shedding N2.90 kobo to close at N26.45 kobo, Glaxosmith trailed with a loss of N0.60 kobo to close at N5.80 kobo, Wapco fail by N0.25 kobo to N14.45 kobo,  Custodian Investment Plc down by N0.20 kobo to close at N6.00, Ikeja Hotel Plc dropped by N0.11 kobo to close at N1.07 kobo.

On the contrary, Forte Oil led gainers table during the day, gaining N1.60 kobo to close at N17.60 kobo, Dangote Sugar Refinery Nigeria Plc followed with a gain of N0.15 kobo to close at N10.35 kobo, Sterling Bank Plc gained N0.05 kobo to close at N1.85 kobo, Chi Plc appreciated by N0.03 kobo to close at N0.37 kobo, Continental Reinsurance added N0.03 kobo to close at N2.35 kobo.

The result showed that Market Capitalisation of listed equities declined by N20 billion or 0.16 per cent to  N12.830 trillion from N12.850 trillion reported the previous day. The Nigerian Stock Exchange All Share Index (ASI) also depreciated by 40.70 basis points to 26357.24 points from 26397.94 points traded on Wednesday.

The result further revealed that Omo Mortgage Bank was the most active stock trading 272.000 million shares valued at N149.600 million, FCMB group followed with account of 36.151 million shares valued at N57.841 million, Transnational Corporation of Nigeria traded 29.340 million shares cost N29.167 million, Zenith Bank Plc exchanged 24.064 million shares valued at N409.216 million while United Bank for Africa  sold a total of 16.852 million shares worth N97.177 million.

In all Investors  traded 449.239 million shares valued at N1.640 billion in 2810 deals against 290.935 million shares worth N2.779 billion in 2668 deals.

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