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Home Sectors BUSINESS & ECONOMY NSE Index Crashes By 0.21% As Bear Momentum Thrives
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NSE Index Crashes By 0.21% As Bear Momentum Thrives

November 18, 2016
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    Stock Market Remains In Green, Investors Gain N27bn

     

    Transactions on the floor of the Nigerian Stock Exchange, NSE, on Thursday, November 17, closed negative as for fourth consecutive market session this week.

    Following the negative run, the all share index lost 53.35 points or by 0.21 percent to finish at 25,599.79 points on Thursday.

    The Market Breadth also closed negative as Total topped the losers’ chat depreciating by N13.97k to close at N276.3k per share, Forte Oil followed losing N4.35k to finish at N82.67k per share.

    CAP Plc dropped N1.68k to end at N32.7k per share, GlaxoSmithKline depreciated by 71k to close at N13.54k per share, while Cadbury fell by 52k to finish at N10.5k per share.

    Conversely, NASCON led the advancers’ table scooping  37k to close at N7.88k per share. ETI jumped by 29k to close at N10 per share.

    Nigerian Breweries appreciated by 16k to end at N141.19k per share, Access Bank grew by 10k to finish at N5.50k per share and Oando gained 8k to close at N3.78k per share.

    GTBank and Standard Trust Assurance Plc (STACO) emerged the two most traded equities at the stock market on Thursday. While GTBank sold 29.17 million shares at N627.3 million with a share value of N21.40k, STACO traded 25.7 million units valued at N12.8 million with a share price of 50k.

    At the end of the day’s transactions, investors traded N1.19 billion on 161.6 million shares in 2,086 deals against N1.35 billion made on Wednesday, from 145.7 million shares in 2,421 deals.

     

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