Stock Market Index Slides by 0.34% As Bearish Trend Rages On

Transactions on the floor of the Nigerian Stock Exchange, NSE, on Wednesday, March 16, traveled farther south as the All-Share Index shed 87.65 points or 0.34 per cent to close at 25,657.48 against 25,745.13 posted on Tuesday, March 15.

Nestle topped the losers’ chart, dropping by N10 to close at N680 per share. Guinness came second with a loss of N3.29 to close at N109.50, while 7UP dropped N2.41 to close at N151.59 per share.

UACN lost 93k to close at N20.02 and ETI depreciated by 81k to close at N15.45 per share.

Conversely, Nigerian Breweries led the gainers’ table, growing by N3.05 to close at N96.05 per share. Dangote Sugar followed with a gain of 30k to close at N6.31, while Stanbic IBTC appreciated by 20k to close at N15.50 per share.

GT Bank increased by 20k to close at N16.40, while Champion Breweries garnered 13k to close at N3.13 per share.

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