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Indices sustain sliding profile, investors’ lose N176b in three days

By Helen Oji
21 July 2016   |   3:21 am
Equity transactions on the Nigerian Stock Exchange sustained sliding profile yesterday, as virtually all the blue chip companies suffered price depreciation, as investors’ ...

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Equity transactions on the Nigerian Stock Exchange sustained sliding profile yesterday, as virtually all the blue chip companies suffered price depreciation, as investors’ wealth plunges further by N176 billion. in three trading days.

Specifically, market capitalization of listed equities depreciated by N176 billion or 1.8 per cent, from N9868 trillion achieved on Monday to N9,692 trillion.

Similarly, the All-share index dropped by 512.72 points or 1.8 per cent from 28,733.90 to 28,221.18.

Yesterday, 27 stocks depreciated in price, led by Oando, shedding 9.56 per cent to close at N5.39 per share. Law union and Rock followed with 7.27 per cent to close at N0.51 per share. Trans National Corporation shed 7.24 per cent to close at N1.41 per share.

Stancbic IBTC dropped 4.83 per cent to close at N14.20 per share. Fidson lost 4.72 per cent to close at N2.02 per share. Honeywell flourmills dropped 4.46 per cent to close at N1.50 per share.

First City Monument Bank and Zenith Bank shed 4.41 and 3.97 per cent to close at N1.30 and N15.50 per share. TigerBrands shed 3.51 to close at N3.85 per share. Livestock shed 3.09 per cent to close at N0.94 per share.

On the other hand, eight stocks made the gainers table, as Skye bank emerged the highest price gainer with 8.33 per cent to close at N0.78 per share. Premier Breweries gained 4.98 per cent to close at N2.95 per share.

TransNational Express added 4.95 per cent to close at N1.06 per share. Dangote Sugar Refinery garnered 2.26 per cent to close at N6.80 per share.
NPF Micro finance Bank gained 1.06 per cent to close at N0.95 per share.

Flourmills added 0.93 per cent to close at N21.70 per share. Ikeja Hotel gained 0.53 per cent to close at N1.90 percent. Nigerian Breweries also garnered 0.04 per cent to close at N135.10 per share.

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