Fairness market opens unfavourable, loses N2bn

Fairness market Monday opened week on a unfavourable pattern, shedding N2 billion.

Market capitalisation of listed equities declined marginally by 0.01 per cent to N26.794 trillion from N26.796 trillion reported on Friday. The NGX All Share Index additionally depreciated by 5.60 foundation factors to 59676.55 from 49682.15 traded the day gone by.

Traders traded 232.944 million shares valued at N2.186 billion in 4425 offers towards 193.512 tens of millions shares valued at N4.640 billion in 3307 offers.

An evaluation of the funding in the course of the day confirmed that Trans Specific led gainers desk, growing by 9.52 per cent to N0.69, UPDC REITs adopted with a achieve of 9.23 per cent to N3.55, Multiverse added 9.17 per cent to N2.62, Vitafoam Nigeria Plc gained 8.37 per cent to N22.00, Courtvellle Enterprise Options up by 8.33 per cent to N0.52.

Quite the opposite, Caverton topped losers chart in the course of the day, dropping 9.57 per cent to N1.04, JohnHolt trailed with a lack of 8.99 per cent to N0.81, Japaul Gold fell by 8.82 per cent to N0.31, AIICO Insurance coverage went down by 3.64 per cent to N0.53, Nigerian Breweries fell by 2.80 per cent to N45.80.

The report additional confirmed that Jaiz Financial institution was the toast of traders for the day, exchanging 40.420 million shares valued at N36.171 million, AccessCorp adopted with account of 35.805 million shares value N293.556 million, FBNHoldings traded 23.063 million shares price N251.378 million, Mutual Advantages Assurance traded 19.935 million shares valued at N6.059 million, Zenith Financial institution exchanged 12.450 million shares valued at N273.664 million.

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