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BUSINESS & ECONOMYCapital MarketNEWSLETTER

Stock Market Retreats Into Bear Territory, As It Sheds N30bn

Stock Exchange Closes Trading Week With N30bn Gain

The Nigeria stock market closed the trading day in a bearish mood, with investors losing N30 billion, with the All-Share Index (ASI) falling by 0.78 percent.

The equity capitalisation stood at N19.62 trillion against the N19.78 trillion recorded on Thursday.

The All-Share Index (ASI) depreciated to 37,658.26 from 37,954.35.

The volume of shares also rose to 202.71 million from the 167.40 million recorded on Thursday.

Deals traded on the stock exchange floor stood at 3,630 against 3,256.

Share values saw a appreciated to N2.4 billion against N1.8 billion recorded on Thursday.

Top Gainers

HONYFLOUR: Closed at N1.55 kobo, up 9.93 percent.

FIDSON: Closed at N5.56 kobo, up 9.88 percent.

UPL: Closed at N1.67 kobo, up 9.87 percent.

LINKASSURE: Closed at N0.65 kobo, up 8.33 percent.

SOVRENINS: Closed at N0.27 kobo, up 3.45 percent.

READ ALSO: Nigerian Govt Acquires N1.7bn Towers For Safe Flight Operations

Top Losers

NPFMCRFBK: Closed at N1.73 kobo, down 8.47 percent

UBN: Closed at N5.35 kobo, down 7.76 percent.

MBENEFIT: Closed at N0.42 kobo, down 4.55 percent.

ETERNA: Closed at N7.60 kobo, down 4.40 percent.

DANGCEM: Closed at N221, down 3.91 percent.

Leading the activity chart was GTCO with 21.17 million shares traded by investors.

Following was FBNH with a share volume of 15.65 million.

UCAP follows with 13.71 million shares.

Others are CHAMS with shares of 13.18 million and MBENEFIT with 11.97 million shares.

About Author

Kindness Udoh is a writer and media enthusiast with vast experience in journalism, copywriting, and features across beats. He also has professional certifications in creative writing. You can reach him via [email protected]

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