Equities lose momentum as capitalisation depreciates by N1bn | The Guardian Nigeria News - Nigeria and World News

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The Nigerian equities market sustained a sliding profile yesterday, occasioned by losses in many blue-chip stocks, especially, Cornerstone Insurance and Universal Insurance, causing market capitalisation to depreciate further by N1 billion.

However, the volume of activities increased by 144.981 million as investors traded 355.935 million shares valued at N2.871 billion in 4241 deals against 210.954 million shares worth N1.383 billion, exchanged in 3989 deals in the previous day.

United Capital led the gainers chart, adding 8.00 per cent to close at N8.10 kobo, while International Breweries followed with a gain of 7.53 per cent to close at N5.00 kobo. Honeywell Flour mills gained 6.67 per cent to close at N4.00 kobo. Oando Plc added 6.02 per cent to close at N4.40 kobo. Africa Prudential increased by 5.79 per cent to N6.40 kobo.

Ecobank Transnational Incorporated dipped by 4.55 per cent to close at 5.25 kobo, while NEM Insurance dropped by 4.50 per cent to close at N1.91 kobo. UAC of Nigeria sheds by 4.09 per cent to close at N10.55 kobo.

 

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