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Stock market opens week with N148bn loss

Nigerian News Update » Nigerian Newspapers
Daily Trust Newspaper
The equities market closed yesterday on a negative note, as the Nigerian Stock Exchange (NSE) lost N148 billion to close market capitalisation at N8,507 trillion.

The All Share Index (ASI) depreciated by 1.72% to close at 24,581.99 basis points, as against 0.73% depreciation recorded previously. Its Year-to-Date (YTD) returns currently stand at -8.53%.  

Market breadth closed negative as NESTLE led  15 gainers against 21 losers topped by AFRIPRUD  at the end of session - an improved performance when compared with previous outlook. 

Market turnover closed negative as volume moved down by 53.26% against 47.40% uptick recorded in the previous session. ZENITHBANK, UBA and TRANSCORP were the most active to boost market turnover. 

NB and ZENITHBANK topped market value list.

INTBREW leads the list of active stocks that recorded impressive volume spike at the end of yesterday’s session.
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