After a day rise in the market indices on the Nigerian Stock Exchange (NSE),Wednesday, trading activities returned to the trenches yesterday as losses by some highly capitalised stocks resulted in market indices depleting by N13 billion.
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The market had gained for the first time in the week by N58 billion the previous day.
Consequently, market capitalisation dropped by 0.19 per cent from N6.760 trillion recorded on Wednesday to N6.747 trillion, while the All-share index dipped by 40.9 basis points or 0.19 per cent, from 21,199.16 to 21,158.25
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Further review of the market activity in the day showed that while 20 stocks depreciated in price 21 constituted the gainers chart.
?Berger Paint Nigeria Plc emerged the highest price loser, shedding 4.99 per cent to close at N8.94 per share while Chemical and Allied Product Plc followed dipping 4.98 per cent to close at N24.23 per share. Neimeth Plc, UAC Properties Plc and Dangote FlourMills Plc depreciated 4.96, 4.96 and 4.94 per cent to close at N1.15, N16.49 and N6.16 per share. ?
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However, Roads Nigeria Plc led others on the gainers table with 4.82 per cent, to close at N3.48 per share, followed by Transcorp Plc with 4.82 per cent fall, to close at N0.87 per share.
Other gainers in the day’s transactions include UNTL Nigeria Plc, Ikeja Hotel Plc and Unity Bank Plc, which rose by 4.55, 4.11 and 3.64 per cent to close at N0.69, N1.52 and N0.57 per share.
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With transaction done in 3,765 deals, the banking sub-sector maintained its dominance in volume terms with 109.6 million shares, worth N862.1 million while insurance sub-sector followed with 17.5 million units worth N13.2 million in 102 deals. ?
The Healthcare sub-sector featured with 11.6 million worth N42.7 in 53 deals..
In all, 174.4 million shares, worth N1.5 billion was exchanged in 3,765 deals by investors.
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