Stocks News

Stock Market Sheds N313bn

Files Investigators/ The stock market on Friday closed the week on a bearish dispute as key performance indicators dipped by 0.46 per cent.

Particularly, the Nigerian Change Ltd. (NGX) market capitalisation declined by N313billion, or 0.46 per cent, to N68.339 trillion from N68.652 trillion recorded on Thursday.

The All-Portion Index also dropped by 0.46 per cent or 498.56 capabilities to shut at 108,733.40 down from 109,231.96 posted earlier.

The decline,  after 5 days of bullish style, used to be largely attributed to sell-offs in heavyweight shares.

On the opposite hand, the market breadth closed sure with 34 gainers in opposition to 33 losers.

On the advancers’ chart, ABC Transport gained by 10 per cent to shut at N2.86 while Sterling Nigeria also rose by 10 per cent, settling at N6.05 per half.

Chellaram soared by 9.94 per cent, finishing at N10.40 and Academy grew by 9.92 per cent, ending the session at N4.32 per half.

Equally, Crimson Principal person Notify increased by 9.90 per cent, closing at N5.55 per half.

On the flip aspect, Transcorp Energy Plc fell by 9.98 per cent to shut at N328.50 while Haldane McCall declined by 9.57 per cent, finishing at N4.25 per half.

Meyer Plc dropped by 9.09 per cent, ending the session at N8 and Regalins misplaced by 6.78 per cent, settling at 55k per half.

Sunu Assurance shed by 6.73 per cent, closing at N4.99 per half.

A total of 459.21 million shares rate N11.164 billion fetch been exchanged across 15,723 transactions.

Here is in comparison with 554,069 million shares rate N14.35 billion that used to be exchanged across 16,704 deal.

Transactions within the shares of Tantalizer topped the recount chart with 101.38 million shares rate N237.33 million.

Guaranty Belief Conserving Company followed with 51.28 million shares valued at N3.54 billion while Get admission to Corporation equipped forty five.17 million shares rate N975.27 million.

Zenith Bank transacted 21.seventy 9 million shares valued at N1.06 billion and Sterling Nigeria traded 15.50 million shares rate N91.76 million.

NAN

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