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Investors lose N10bn as market sustains sluggish trend


The Nigerian Equities market closed the second trading session of the week negative with the market value shedding N10 billion on Tuesday.

In specific terms, the market capitalisation settled at N11.835 trillion against N11.845 trillion recorded on Monday, indicating a loss of 0.08 percent or N10 billion.

The All Share Index dipped by 0.08 percent to close at 32,417.70 points against 32,444.96 points of the last trading session.

Both volume and value of traded stocks grew by 189.29 percent and 9.43 percent to settle at 349.5 million units and N1.4 billion respectively.

At the close of trading for the day, 20 stocks closed positive against 21 that closed negative, bringing the market breadth to a negative round off.

As a result, Cornerstone Insurance led other price percentage gainers closing 10.00 percent above the previous close of N0.20, to settle at N0.22 per share.

Cadbury grew 6.74 percent, CAP Plc and Dangote Flour gained 5.45 percent and 5.26 percent of their share prices ahead of other 16 stocks on the chart.

Royal Exchange traded the highest volume of about 231 million units of its shares, worth about N48 million.

Guaranty traded about 12 million units of its shares in 142 deals, valued at about N450 million.