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Stocks shed N198bn as Cadbury, BUA Cement lead losers

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The nation’s stock market closed on a negative on its last trading day in June as 34 firms, led by Cadbury Nigeria Plc and BUA Cement Plc, recorded losses on Tuesday.

The Nigerian Stock Exchange All-Share Index depreciated by 1.53 per cent, while the market breath closed negative with 10 gainers and 34 losers.

On the activity chart, the premium subsector dominated in volume with 99.26 million shares traded in 1,313 deals. The subsector was enhanced by the activities in the shares of FBN Holdings Plc and Zenith Bank Plc. Okomu Oil Palm Plc rose by 9.94 per cent to close at N77.40 per share, while ABC Transport Plc appreciated by 9.80 per cent to close at 56 kobo per share.

 

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