Stock market sheds N39bn amid increased trade volume

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The local bourse closed negative on Friday by 0.11 per cent week-on-week due to weak market momentum which saw investors losing N39bn.

Other indices which depreciated in value during the week were NGX 30, NGX Premium, NGX AFR Div Yield, NGX Lotus ll, NGX Industrial Goods, NGX Growth and NGX Pension Broad which dipped by 0.13 per cent, 3.45 per cent, 1.72 per cent, 0.12 per cent, 0.36 per cent and 0.14 per cent respectively while the NGX ASeM index closed flat.

Leading the gainers’ chart was Sunu Assurances whose share price rose by 32.91 per cent to N1.05, Ellah Lakes Plc’s share appreciated by 28.79 per cent to N3.30, E-Tranzact International Plc gained 28.57 per cent to close at N9.45 per share, Chams Holdings’ shares rose by 19.09 per cent to N1.31 and Abbey Mortgage Bank Plc took the fifth position on the gainers’ table after gaining 17.65 per cent to close N2 per share.

 

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