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Daily Market Update (Equities)

The Nigerian Equities market closed negative for the fourth consecutive day, as it posted a 0.29% decline to 103,437.67 points in today’s trading session. This is following losses in FBNH, MTNN, GTCO and ZENITH offsetting gains in DANGSUGAR, OKOMU, STERLING and UCAP. Consequently, the market’s year-to-date (YtD) returns fell to 38.33% from yesterday’s 38.73% YtD.

Today, total Volume and Value traded jumped significantly by 359.58% and 19.75% each to 2.24bn units and NGN18.73bn respectively. ABBEYBDS traded the highest in terms of both Volume and Value.

Top losers for the day were CWG, NSLTECH and OMATEK, while the top gainers were CUTIX, CILEASING and DANGSUGAR.

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