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Home Sectors BUSINESS & ECONOMY NSE Index Loses 0.11% To Intense Profit Taking
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NSE Index Loses 0.11% To Intense Profit Taking

July 26, 2016
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    capitalised stocks
    Trading activities on the floor of the Nigerian Stock Exchange, NSE, resumed the week in the Reds as the All Share Index depreciated by 0.11 percent to close at 27,629.90 points.

    This loss was in contrast to 1.21 percent lost previously to close at 27,659.44 basis points, extending the Year-to-Date (YTD) losses by 3.53 percent.

    The day’s 17 losers were led by Forte Oil Plc which lost 9.74 percent or N18.99 to close at N175.91 per shar, SEPLAT followed with a loss of 5 percent or N16.5 to close at N313.5 per share, Avoncrowncaps & Containers Plc dropped 4.83 percent or 7 kobo to close at N1.38 per share, Ikeja Hotel Plc lost 4.74 percent or 9 kobo to close at N1.81 per share and Continental Reinsurance Plc depreciated by 4.72 percent or 5 kobo to close at N1.01 per share.

    Conversely, Oando topped the day’s 26 gainers as it added 9.96 percent or 51 kobo to close at N5.63 per share, Transcorp added 9.63 percent or 13 kobo to close at N1.48 per share, United Capital Plc appreciated by 5.26 percent or 12 kobo to close N2.40 per share, Nigerian Breweries improved by 5 percent or N6.90 to close at N144.91 per share, and Eco Transnational Incorporated gathered 5 percent or 59 kobo to close at N12.39 per share.

    At the end of stock trading for the day, investors had exchanged a total of 378.5 million shares valued at N2.3 billion in 3,519 deals compared to 255.7 million shares worth N2.1 billion exchanged in 3,659 deals previously.

    FBN Holdings recorded the highest volume of trade, exchanging 114.9 million shares worth N399.5 million, Access Bank came second with the sale of 48.4 million shares valued at N254.4 million, while Skye Bank followed with an exchange of 41.4 million shares valued at N32.5 million.

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