Stock Market Sheds N12bn

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The downturn was impacted by losses recorded in medium and large capitalised stocks, amongst which are; Nigerian Exchange Group (NGX Group), Cadbury Nigeria,

As measured by market breadth, market sentiment was negative as 12 stocks lost relative to 10 gainers. Unity Bank recorded the highest price gain of 10 per cent to close at 44 kobo, per share. Multiverse Mining and Exploration followed with a gain 9.82 per cent to close at N3.13, while Fidelity Bank up by 5.46 per cent to close at N3.67, per share.

Honeywell Flour Mills went up by 3.98 per cent to close at N2.35, while Chams rose by 3.45 per cent to close at 30 kobo, per share. On the other hand, Academy Press led the losers’ chart by 9.78 per cent, to close at N1.66, per share. NEM Insurance followed with a decline of 6.08 per cent to close at N5.25, while Cadbury Nigeria fell by 5.45 per cent to close at N13.00, per share.

Jaiz Bank went down by 4.76 to close at 80 kobo, while NGX Group shed 4.38 per cent to close at N18.55, per share.

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