Nigerian stocks halt brief slide on telecoms gains

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Market breadth was negative as total of 15 losers were recorded compared to 14 decliners.

The all-share index closed higher at 54,224.4 basis points and market capitalisation at N29.5 trillion.Conoil led gainers, appreciating by 9.9 per cent to close at N38.8. CWG went up by 9.9 per cent to N0.89. John Holt rose to N1.46, notching up 9.8 per cent in the process. Living Trust added 9.6 per cent to end trade at N2.52. NEM climbed by 9.6 per cent to N2.18.Capital Hotel was the worst performing stock, declining by 9.4 per cent to close at N2.50. Vitafoam shed 7.

GTCO was the most active stock with 36.7 million units of its shares worth N923.7 million traded in 251 deals. Zenith traded 30.3 million shares priced at N758.1 million in 315 transactions. AIICO had 8.3 shares valued at N5 million traded in 31 deals. traded 7.8 million shares estimated at N15.6 million in 41 transactions. Living Trust traded 6.3 million shares valued at N13.5 in 24 deals.

 

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