Nigeria’s equity market sheds N15bn

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Trading activities on the floor of Nigerian Exchange (NGX) closed Tuesday depreciating by N15 billion.

arket capitalisation of listed equities declined by 0.04 per cent to 63309.65 points from 65336.71 points traded the previous day.
The NGX All Share Index also depreciated by 27.06 basis points to 65309.65 points from 65336.71 points recorded the previous day.
A review of the transactions during the day showed that Guinness Nigeria Plc led gainers table in percentage terms, gaining 10 per cent to close at N60.50 per share, Gkaxosmith followed with a gain of 9.74 per cent to close at N10.70 per share, Chellaram added 9.73 per cent to close N3.72 per unit, TIP grew by 9.72 per cent to close at N0.79 per share while Universal insurance gained 9.09 per cent to close at N0.24 per share.
On the contrary, NSLTech topped losers chart with 10 per cent to close at N0.27 per unit, Northern Nigeria Flour Mills followed with a drop.of 9.89 per cent to close at N12.30 per share, JohnHolt dipped by 9.52 per cent to close at N1.33 per unit, Tantalizer down by 8.33 per cent to close at N0.33 per share, Mutual Benefits fell by 7.69 per cent to close at N0.48 per unit.
The volume of trades went down by 16.525 million, representing 4.94 per cent as investors traded 317.808 million shares valued at N4.471 billion in 6376 deals against 334.333 million shares costing N3.891 billion in 6940 deals.


Transactions in the shares of AccessCorp led market activities with 49.355 million shares valued at N86.161 million, Sterling Bank followed with account of 43.823 million shares cost N153.936 million, Universal insurance traded 28.863 million shares cost N6.896 million, FCMB group traded 18.125 million shares worth  N112.162 million while FBNHoldings exchanged 14.301 million shares cost N261.734 million.

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