Investors lose N108bn as stock market sustains downward trend vanguardngr.com vanguardnews
Trading results showed that market capitalisation which represents investors’ worth on the Exchange declined by N108 billion to close at N11.797 trillion from N11.905 billion on Friday
Consequently, Year-to- Date gain of the equities market fell to 0.66 percent. The market recorded 19 losers as against 14 gainers. The shares of Nestle Nigeria, Ecobank Transnational Incorporated, ETI and WAPCO dominated the losers table to shed by 1.99 percent, 3.47 percent and 2.14 percent respectively, contracting the Consumer Goods, Banking and Industrial Sector Indices by 0.68 percent, 2.87 percent and 0.44 percent respectively.
Cadbury led the price gainers rising by 10 percent or N1.10 to close at N12.10, followed by Mutual Benefits Assurance which went up by 8.7 percent or 2 kobo to close at N0.25. NASCON garnered 8.5 percent or N1.70 to close at N21.70, followed by Union Dicon which rose by 3.45 percent or N0.01 to close at N0.30 and NPF Microfinance Bank which went up by 3.23 percent or 5 kobo to close at N1.60 per share.
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