Stock market loses N338mn

Equity price declined marginally yesterday as market correction and profit taking continued in the second trading day of the week. the Market Capitalisation of listed equities went down slightly by N338 million or 0.002 per cent to N19.724173 trillion from N19.724511 trilion reported on Monday.

The Nigerian Exchange NGX All Share Index also dipped by 0.65 basis points to 37857.24 basis points from 37857.89 traded the previous day.

Investors traded 197.279 million shares valued at N1.920 billion in 3567 deals against 187.243 million shares cost N2.890 billion exchanged hands the previous day in 3567 deals.

A review of the transactions showed that NCR led gainers table during the day, appreciating by 9.64 per cent to close at N2.73 kobo, Wema Bank Plc followed with a gain of 9.46 per cent to close at N0.81 kobo, FTN Cocoa added 8.33 per cent to N0.39 kobo, NPF Micro Finance Bank added 6.87 per cent to close at N1.71 kobo, Lasaco Insurance increased by 6.67 per cent to N1.60 kobo.