November 29, 2022

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Fairness market sustains bearish run, sheds N19bn


Transactions on the ground of Nigerian Alternate (NGX) yesterday sustained bearish run, dropping by N19 billion  as revenue taking persist in market.

 Market capitalisation of listed equities declined by 0.07 per cent to N26.775 trillion from N26.794 trillion reported the day prior to this.

The NGX’s All Share Index additionally depreciated by 33.86 foundation factors to 49642.69 factors from 49676.55 traded on Monday.

Traders traded 125.949 million shares valued at N3.073 billion in 4145 offers towards 232.944 million shares price N2.186 billion exchanged fingers the day prior to this in 4425 offers.

A overview of the buying and selling actions for the day indicated that E-tranzact led gainers desk throughout the day, gaining 9.65 per cent to N2.50, Sovereign Belief Insurance coverage adopted with a achieve of seven.69 per cent to N0.28, Vitafoam Nigeria Plc gained 7.27 per cent to N23.60, Japaul Gold added 6.45 per cent to N0.33, Chi Plc elevated by 4.84 per cent to N0.65.

Quite the opposite, Courtvellle Enterprise Options topped losers chart throughout the day, shedding 7.69 per cent to N0.48, FCMB group trailed with a drop of 4.06 per cent to N3.07, UPDC fell by 3.77 per cent to N1.02,  Nahco dipped by 3.72 per cent to N5.70, Cadbury Nigeria Plc fell by 2.99 per cent to N13.00.

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