February 4, 2023

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Fairness market closes decrease, sheds N2bn


Market capitalisation of listed equities declined marginally by N2 billion  to N25.957 trillion from N25.958 trillion reported yesterday.

The NGX All Share Index additionally depreciated by 3.40 foundation factors to 47656.64 factors from 47660.04 factors traded Wednesday.

Traders traded 172.895 million shares valued at N2.843 billion in 3073 offers in opposition to 107.019 million shares price N1.318 billion in 3227 offers.

The NGX buying and selling actions confirmed that UPDCReits led gainers desk through the day, gaining 9.09 per cent to N3.00, Mcnichols adopted with a achieve of 8.93 per cent to N0.61, Japaul Gold gained 7.41 per cent to N0.29, Nigerian Breweries added 7.14 per cent to N45.00, Royal Change gained 4.76 per cent to N0.66.

Quite the opposite, Honey Properly Flour Mill topped losers, shedding 7.89 per cent to N2.10, RTBriscoe trailed with a lack of 7.41 per cent to N0.25, Wema Financial institution gained 5.45 per cent to N3.12, FCMB group added 4.18 per cent to N3.21, Cutix Plc down by 2.84 per cent to N2.05.

The end result additional confirmed that FCMB group was the toast of buyers through the day, exchanging 49.801 million shares valued at N172.789 million, Courtvellle Enterprise Options adopted with account of 16.684 million shares value N8.432 million, AccessCorp traded 11.962 million shares valued at N102.99 million, United Financial institution for Africa offered a complete of 10.768 million shares value N79.370 whereas Zenith Financial institution exchanged 9.785 million shares valued at N221.417 million.

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