Stock market loses N39bn as week begins

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t the close of trade on the floor of the Nigerian Stock Exchange, the equities market lost N39.6 billion with the market capitalisation reducing by the figure to ₦21.5 trillion.

The NSE All-Share Index declined 23 basis points to close at 41,082.38 points following profit-taking in Flour Mill , FBNH and Dangote Cement .As a result, the year to date return fell to two per cent while activity level was mixed as volume traded rose 10.8percent to 738.5 million units while value traded fell 34.8percent to ₦4.2bn.

 

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