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Market indices drops by 0.5% as Seplat tops gainers

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Trading on the Nigerian Stock Exchange (NSE) on Tuesday closed on negative trend with the market indicators dropping by 0.5 per cent with persistent profit taking.

The All-Share Index lost 131.61 points or 0.5 per cent to close at 23,832.03 compared with 23,963.64 posted on Monday.

Similarly, the Market Capitalisation which opened at N8.241 trillion shed N45 billion or 0.5 per cent to close at N8.196 trillion.

A breakdown of the price movement chart indicated that Nestle led the losers’ chart, dropping by N16.16 to close at N708.85 per share.

Unilever came second with N2.05 to close at N39.04, while Glaxosmithkline Plc depreciated by N1.40 to close at N26.50 per share.

Nigerian Breweries dropped N1.16 to close at N101.64, while Lafarge Africa declined N8.45 to close at N78.30 per share.

On the hand, Seplat Plc topped the gainers’ table, increasing by N6.34 to close at N170.88 per share.

Cadbury Plc followed with a gain of N1.34 to close at N15.92 per share, while Julius Berger also increased by N1.10 to close at N43.10 per share.

PZ gained 75 kobo to close at N21.00, while UACN grew by 42 kobo to close at N20.36 per share.

UBA emerged the most traded stock, exchanging 38.31 million shares worth N99.94 million transacted in 203 deals.

It was trailed by GT Bank with a total of 25.26 million shares valued N342.08 million in 438 deals, while Zenith Bank traded 23.26 million shares worth N214.46 million exchanged in 537 deals.

Further breakdown showed that FBN Holdings sold 21.66 million shares valued N76.07 million in 354 deals, while Access Bank accounted for 17.66 million worth N63.42 million traded in 146 deals.

In all, investors’ bought and sold 142.851 million shares valued N1.64 billion achieved in 3,298s deals.

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