Equities index dips further by 0.23% amid sustained Profit taking

Toyin Ajadi

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Equities transactions on the Nigerian Exchange ended in the negative territory on Tuesday as the market index depreciated further by 0.23% to close at 64,192. 20 points, making it the second consecutive day of loss.
The market capitalisation declined by N79 billion to close at N34,932 trillion, compared to N35,011 trillion on Monday just as the market sentiment also remained bearish as trading closed with 37 losers relative to 22 gainers.
In all, a total of 762.09 million shares valued at N7.7 billion were traded in 7,935 deals on Tuesday.
Dangote Sugar Refinery led the gainers with 10% price appreciation to close at N29.70k, followed by Abbey Mortage Bank also with 10% gain closing at N1.10k then Chellarams gained 9.87% to close at N2.56k.
On the other hand, John Holt was at the bottom table with 10% loss to close at N1.80k. It was followed by Ellah Lakes which lost 9.92% to close at N3.54k and Fidelity Bank lost 9.88% to close at N7.75k.
Aiico Insurance had the highest volume of 315 million traded shares and was followed by United Bank for Africa with 54.5 million traded shares.
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