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Stock Market Suffers N393bn Loss On Profit-taking by Mgbadike80: 12:11pm On Jan 06, 2021 |
Johnson Okafor
The equities market closed on a
negative note on Tuesday, declining
by 1.83 per cent as profit-taking hit
the market following investors’
moves to increase capital gains.
The Nigerian Stock Exchange All-
Share Index dropped by 751.25 basis
points or 1.83 per cent from
41,147.39bps the previous day to
40,396.14bps while the market
capitalisation of equities depreciated
by N393bn to close at N21.12tn from
N21.52tn.
On the activity chart, the premium
sub-sector dominated in volume
terms with 106.03 million shares
exchanged in 2,123 deals. The
subsector was enhanced by the
activities in the shares of Access
Bank Plc and Zenith Bank Plc.
The insurance subsector was
boosted by the activities on the
shares of Sovereign Trust Insurance
Plc and Lasaco Assurance Plc, with
68.22 million units traded in 403
deals.
In all, investors exchanged a total of
465.68 million shares in 7,576
deals.
Further analysis of the day’s trading
showed that BOC Gases Plc led the
gainers chart with 9.72 per cent to
close at N10.50 per share.
NEM Insurance Plc followed with
9.50 per cent to close at N1.96 per
share while Sovereign Trust
Insurance Plc appreciated by 8.82
per cent to close at 74 kobo per
share.
On the other hand, Oando Plc led the
losers’ chart with a drop of 10 per
cent to close at N3,33 per share.
FTN Cocoa Plc followed with a loss of
9.72 per cent to close at 65 kobo per
share while May and Baker Nigeria Plc
dropped by 8.55 per cent to close at
N3.21 per share. https://punchng.com/stock-market-suffers-n393bn-loss-on-profit-taking/ |
Re: Stock Market Suffers N393bn Loss On Profit-taking by popsy2(m): 12:13pm On Jan 06, 2021 |
Ok |
Re: Stock Market Suffers N393bn Loss On Profit-taking by Owain: 2:43pm On Feb 04, 2022 |
. |
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