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First Bank, Dangote stocks drop, investors lose N39.54billion

by 21st Century Chronicle
January 18, 2021
in Business Scene, Capital Market
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Nigerian Stocks ended the first trading session of the week on a bearish note.  The All Share Index plunged by 0.23% to close at 41,082.38 index points as against the 0.52% gain recorded on Friday.

Its Year-to-Date (YTD) returns currently stands at +2.02%. Nigerian Stock Exchange market value stood at N21,49 billion.

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Investors lost N39.54 billion on Monday.

Nigerian bourse trading turnover on Monday however printed positive, as volume gained by 10.79% as against -17.64% downtick recorded at the last trading session.

JAPAULOIL, UNIVINSURE, and TRANSCORP were the most active to boost market turnover.

The market breadth closed positive as CADBURY led 35 Gainers as against 21 Losers topped by FLOURMILL at the end of today’s session – an unimproved performance when compared with the previous outlook.

Among the top gainers include CADBURY up 10.00% to close at N10.45; BOCGAS, 9.98% to close at N13.77; LIVESTOCK,  9.95% to close at N2.32; GUARANTY, 1.82% to close at N33.65; WAPCO up 0.84% to close at N24.

Top losers include FLOURMILL, which went down by 5.49% to close at N31; FBNH down 3.95% to close at N7.3; GUINNESS, 2.63% to close atN18.5; NASCON, 1.71% to close at N17.25; DANGCEM, 1.01% to close at N234.6.

Tags: Dangotefirst bankNigerian stock market

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