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Stock Market Depreciates by N33bn on Selloffs in MTN Nigeria, 14 Others – THISDAYLIVE

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Stock Market Depreciates by N33bn on Selloffs in MTN Nigeria, 14 Others Kayode Tokede The stock market of the Nigerian Exchange Limited (NGX) yesterday depreciated by N33 billion on selloffs in MTN Nigeria Communicati

The stock market of the Nigerian Exchange Limited yesterday depreciated by N33 billion on selloffs in MTN Nigeria Communications and 14 others.

As measured by market breadth, market sentiment was positive as 21 stocks gained relative to 15 losers. Nigerian Aviation Handling Company recorded the highest price gain of 10 per cent to close at N5.83, per share. FCMB Group followed with a gain 9.84 per cent to close at N3.35, while Ikeja Hotel rose 9.43 per cent to close at N1.16, per share.

Caverton Offshore Support Group lost 2.86 per cent to close at N1.02, while UBA shed 2.78 per cent to close at N7.00, per share.

 

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