Stock market reopens bearish as index dips by 0.10% | The Guardian Nigeria News - Nigeria and World News

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Sell-off in most blue-chip stocks, especially in that of Guaranty Trust Bank and Unilever, forced transactions on the Nigerian Exchange Limited (NGX) to reopen on a downward note yesterday, as the All-Share Index (ASI) depreciated by 0.10 per cent.

Specifically, at the close of transactions yesterday, the All-Share Index dropped by 39.70 absolute points, representing a decline of 0.10 per cent to close at 38,686.40 points while market capitalisation declined by N21 billion to close at N20.164 trillion.

Price losses outweighed gains as 13 stocks appreciated in price while 28 others constituted the losers’ chart. Juli Plc led the losers’ chart with 9.93 per cent to close at N1.36 kobo while Computer Warehouse Group followed with a decline of 9.80 per cent to close at N1.38 kobo. Japaul Gold and Ventures shed 8.47 kobo to close at 54 kobo.

However, the total volume of trades rose by 5.9 per cent to 210.752 million units, valued at N1.450 billion, and exchanged in 3,958 deals.

 

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