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Nigerian bourses deprecate further by 0.17%



NSE market indices sustain growth on impressive Q1 earnings

The Nigerian Stock Exchange depreciated for the second day in succession as the leading indicator All Shares Index shrinks by 0.17% on Tuesday.
The main indicator, All-share Index which opened at 26,586.56 lost 45.69 basis points or 0.17 per cent to close at 26,540.87.
The market capitalisation also depreciated by N15.7 billion to close at N9.132 trillion compared with N9.147 trillion achieved on Monday.
A total of 248,710,475 units of stocks valued at N3.1bn were traded in 3,271 deals on the day.
Guinness Plc led the advancing party as it gained N2.50k or 2.94 percent to close at N87.50k. Construction giants, Julius Berger closed with N38.58 having gained N1.83 or 4.98 percent.
WAPCO Plc advanced by N1 representing 2.56 percent as it closed with N40. NASCON gained N0.38 or 5.26 percent to finish the day with N7.60. Access Bank complete the top 5 gainers chart as it grew by N0.13 to close at N5.69 or 2.34 percent better than Monday’s position.
Forte Oil led the journey southward as it depreciated by N10.22 or 9.24 percent to close at N94.69, Total Nigeria also lost N2.90k to close at N277.10 representing 1.04 percentage loss. Unilever ended the day on N36 having lost N1.60k or 4.26 percent against N37.60 which it closed with on Monday.
Other declining stocks include Guaranty Trust Bank which shed 48k to close at N24.80 which means 1.9 percent loss from N25.28 it closed with the day before. Okomu Oil declined from N40 to N39.79k. That represents 0.53 percent loss.
Banking sector dominated the most traded stocks. UBA was most traded stock with 75.53m shares valued at N345.18m. First Bank sold 29m shares valued at N99.7m, while 25.6m Zenith Bank shares worth N369.94m exchanged hands.
GTB sold 17.5m shares worth N436.75m and 15.6m Sterling Bank shares valued at N11.29m also exchanged hands to make up the top five traded stocks.

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