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Nigerian stocks shed N274bn on profit-taking in blue-chip equities

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Market breath closed on a negative note, with 25 losers recorded compared to 19 losers.

The all-share index closed at 38,781.48 basis points. Market capitalisation declined N274 billion to N20.296 trillion.Consolidated Hallmark led gainers, growing by 10 per cent to close at N0.33. Portland Paint gained 8.33 per cent, jumping to N2.60.. Royal Exchange leapt to N0.45, notching up 7.14 per cent in the process.

ABC Transport rose by 6.90 per cent to N0.31. Japaul Gold completed the top 5, climbing up by 5.17 per cent to N0.61.FTN Cocoa topped the losers’ table, declining by 10 per cent to close at N0.36. Neimeth shrank by 8.95 per cent to end the day at N1.73. InternationalPZ dipped to N5, recording 7.41 per cent depreciation. Dangote Cement Cement closed at N204, going down by 7.27 per cent.

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