Stock market opens week on a negative note, sheds N17bn

Equity price at the close of transactions on the floor Nigerian Stock Exchange drclinded shedding N17 billion,after publc holiday declared by government to celebrate works day.

Specifically, Market Capitalisation of listed equities declined 0.081 per cent to N20.830 trillion from N20.847 trillion reported last week Friday.

The NSE All Share Index also depreciated by 32.64 basis points to 39801.78 points from 39834.42 points traded previously.

Investors traded 426.507 million shares valued at N4.654 billion in 5616 deals against 328.385 million exchanged hands the previous day in 4388 deals.

Lasaco Insurance led gainers table during the day appreciating by 9.86 per cent to N1.56 kobo, Niemeth International Pharmaceutical followed with a gain of 9.83 per cent to N1.90 kobo, International Breweries gained 9.62 per cent to N5.70 kobo, Courtville business solution gained 8.70 per cent to N0.25 kobo while Royal Express added 7.55 per cent to N0.57 kobo.

On the contrary, Linkage Assurance topped losers chart, dropping by 13.11 per cent to close at N0.53 kobo, Regal Insurance trailed with a loss of 9.09 per cent to N0.30 kobo, Chi Plc fell by 7.69 per cent to N0.36 kobo, Sterling Bank down by 7.50 per cent to N1.48 kobo while Wapco dipped by 5.20 per cent to N20.05 kobo.

FBNHoldings was the toast of investors during the day, exchanging 79.602 million shares valued at N574.979 million.

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