The Nigerian stock market yesterday lost N12 billion on sustained profit taking activity in 18 equities.
The market negative performance was driven by price depreciation in large and medium capitalised stocks which are; Stanbic IBTC Holdings, Eterna, Honeywell Flour Mills, FBN Holdings and United Capital. However, the market breadth closed positive, recording 23 gainers as against18 losers. LivingTrust Mortgage Bank recorded the highest price gain of 10 per cent to close at 88 kobo, per share. Chams Plc followed with a gain 9.52 per cent to close at 23 kobo, while AIICO Insurance went up by 9.26 per cent to close at 59 kobo, per share.
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