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Stock Market Extends Bearish Trend as Nestle, Dangote Cement, Others Close in Red

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stock bear - Investors King

The Nigerian Stock Exchange had a bearish run on Tuesday as Nestle, Dangote Cement, Cadbury, International Breweries and others topped the losers’ table.

The All Share Index dropped by 1.53 percent or 531.25 index points to close at 34,242.83 index points from 34,774.08 index points it traded on Monday.

The market capitalization of listed equities shed 278 billion from 18.171 trillion it traded on Monday to close at 17.893 trillion on Tuesday.

At the end of trading hours of Tuesday, investors traded 9.360 million shares worth N12.021 billion in 8,712 deals. While Conoil, GTBank, Dangote Sugar, Glaxosmith, and BOCGAS led the gainers’ table.

UAC-PROP led the most traded equities with 8.519 million shares value at N5.964 billion. Jaiz Bank followed with 304 million shares estimated at N222.222 million.

See details below.

Top Trades

Symbols Volume Value
UAC-PROP 8,519,810,121 N5,964,022,431.82
JAIZBANK 304,731,042 N222,221,811.23
TRANSCORP 95,949,459 N97,925,643.07
FBNH 82,407,413 N613,819,764.30
UBA 52,836,901 N440,556,984.45

Top Gainers

Symbols Last Close Current Change %Change
CONOIL N19.05 N20.85 1.8 9.45%
GUARANTY N36 N37 1 2.78%
DANGSUGAR N20 N21 1 5.00%
GLAXOSMITH N6.8 N7.45 0.65 9.56%
BOCGAS N5.32 N5.85 0.53 9.96%

Top Losers

Symbols Last Close Current Change %Change
NESTLE N1450 N1400 -50 -3.45%
DANGCEM N200 N187.1 -12.9 -6.45%
NB N58 N54 -4 -6.90%
CADBURY N10.15 N9.15 -1 -9.85%
INTBREW N7 N6.54 -0.46 -6.57%

 

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