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Crucial indices on NGX decline further by 0.29%

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 Crucial indices of the Nigerian Exchange Ltd NGX downgraded further on Thursday dropping by 0 29 per cent following selloffs in highly capitalised stocks The market capitalisation shed N78 billion or 0 29 per cent to close at N26 723 trillion against N26 05 trillion on Tuesday On market movers the weak performance was driven by selloffs in stocks of BUA Cement MTNN as well as Acess Bank Holdings and Okumu Oil Similarly the All Share Index which opened at 49 691 17 dipped by 144 79 points or 0 29 per cent to close at 49 546 38 N E M Insurance Company recorded the highest loss to lead the laggards table dropping by 9 98 per cent to close at N3 97 per share Okomu Oil came second with a loss of 9 96 per cent to close at N27 50 while University Press dropped by 9 91 per cent to close at N15 50 per share Lasaco Assurance depreciated by 9 57 per cent to close at N28 70 while Caverton Business solutions also declined by 3 96 per cent to close at N1 05 per share Conversely FTN Cocoa Processors led the gainers table increasing by 10 per cent to close at 33k per share Regency Alliance Insurance followed with a gain of 8 7 per cent to close at N52 55 while Prestige Assurance Company gained 8 33 per cent to close at N3 99 per share Red Star Express appreciated by 5 88 per cent to close at N9 50 while Multiverse Mining and Exploration a chalked up by 8 70 per cent to close at N2 10 per share The volume of shares traded closed lower as investors bought and sold 146 99 million shares worth N2 65 billion in 3 180 deals This was against the N4 12 billion on 128 79 million shares exchanged in 3 492 deals on Wednesday FBN Holdings was the most active stock during the day trading 39 million shares worth N431 89 million United Bank for Africa followed with an account of 13 million shares valued at N91 23 million while Access Bank traded 39 22 million shares worth N80 41million Guaranty Trust Holding sold 6 51m shares worth N132 16 million while Stanbic IBTC Bank exchanged 6 1million shares worth N172 86 million NewsSourceCredit NAN
Crucial indices on NGX decline further by 0.29%

1 Crucial indices of the Nigerian Exchange Ltd. (NGX) downgraded further on Thursday, dropping by 0.29 per cent following selloffs in highly capitalised stocks

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2 The market capitalisation shed N78 billion or 0.29 per cent to close at N26.723 trillion against N26.05 trillion on Tuesday.

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3 On market movers, the weak performance was driven by selloffs in stocks of  BUA Cement, MTNN as well as Acess Bank Holdings and Okumu Oil.

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4 Similarly, the All-Share Index which opened at 49.691.17 dipped by 144.79 points or 0.29 per cent to close at 49,546.38.

5 N.

6 E.M. Insurance Company recorded the highest loss to lead the laggards’ table, dropping by 9.98 per cent to close at N3.97 per share.

7 Okomu Oil came second with a loss of 9.96 per cent to close at N27.50, while University Press dropped  by 9.91 per cent to close at N15.50 per share.

8 Lasaco Assurance  depreciated by 9.57 per cent to close at N28.70, while Caverton Business solutions also declined by 3.96 per cent to close at N1.05 per share.

9 Conversely, FTN Cocoa Processors led the gainers’ table, increasing by 10 per cent to close at 33k per share.

10 Regency Alliance Insurance followed with a gain of  8.7 per cent to close at N52.55, while Prestige Assurance Company  gained 8.33 per cent to close at N3.99 per share.

11 Red Star Express appreciated by 5.88 per cent to close at N9.50, while Multiverse Mining and Exploration a chalked up by 8.70 per cent to close at N2.10 per share.

12 The volume of shares traded closed lower as investors bought and sold 146.99 million shares worth N2.65 billion in 3,180 deals.

13 This was against the N4.12 billion on 128.79 million shares exchanged in 3,492 deals on Wednesday.

14 FBN Holdings was the most active stock during the day, trading 39 million shares worth N431.89 million.

15 United Bank for Africa followed with an account of 13 million shares valued at N91.23 million, while Access Bank traded 39.22 million shares worth N80.41million.

16 Guaranty Trust Holding sold 6.51m shares worth N132.16 million, while Stanbic IBTC Bank exchanged 6.1million shares worth N172.86 million.

17 NewsSourceCredit: NAN

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