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MTNN, Dangote Cement, others drag Nigerian equity market down 0.13%



The Nigerian equity market closed the week bearish, losing 0.13 per cent on Friday, driven by depreciation suffered by MTNN, Dangote Cement and 12 other stocks.

The All-Share Index (ASI) decreased by 26.58 absolute points, representing a dip of 0.13% to close at 21,094.62 points. Similarly, the overall Market Capitalization size shed N13.85 billion, representing an increase of 0.13% to close at N11.00 trillion.

ACCESS & COURTVILLE emerged as the top gainers while SKYAVN emerged as the top loser.

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However, the market breadth closed positively, recording 15 gainers as against 13 gainers.

Activity level was mixed, with volume traded decreasing by 8% to 235m units while value traded rose by 4% to ₦2.9 7bn. The most active stocks by volume were FBNH (5 9.6 8m units), GUARANTY (4 3.5 5m units) and UBA (3 1.1 2m units) while GUARANTY (₦768m), DANGCEM (₦487.5 9m) and NESTLE (₦474.7 6m) led the value chart.

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