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Nigerian Equities Shed 0.06% As Forte Oil Tops Losers


By Modupe Gbadeyanka

The Nigerian stock market slumped marginally by 0.06 percent at the end of Monday’s trading activities, extending the loss at the market to three consecutive days.

The all-share index (ASI) fell by 14.98 points or 0.06 percent to close at 25,318.41 points, while the market capitalisation went down N5.2 billion to close N8.7 trillion.

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Mobil recorded the highest price gain of N10.44k to close at N219.41k per share, while GTBank went up by 38k to finish at N21.89k per share. ETI appreciated by 30k to end at N9.80k per share, NASCON improved by 16k to finish at N7 per share and Eterna rose by 13k to close at N2.98k per share.

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On the other hand, Forte Oil slumped by N3.14k to end at N59.66k per share, UACN sank by 85k to close at N16.15k per share, Total fell by 40k to close at N245.45k per share, Zenith Bank plunged by 30k to end at N13.50k per share and Stanbic slipped by 21k to finish at N14.44k per share.

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The total volume of shares sold on Monday at the Nigerian Stock Exchange (NSE) were 202.4 million valued at N1.6 billion traded in 2,558 deals.

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Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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