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Equities Market closes week in Green as NSEASI inches up by 1.38%

The Equities market closed Friday on a positive note, as NSEASI appreciated by +1.38% to close at 31,005.17 basis points as against +0.40% appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -1.35%. Market capitalisation grew by 1.38% to close at N11.562 trillion against the previous close of N11.405 trillion, gaining N157 billion

Top gainers and losers

Regency Alliance Insurance with 10% growth led other percentage gainers to close at N0.22 from the previous close of N0.20. Neimeth, Union Bank, NEM Insurance, Unity Bank, Custodian Investment and CCNN grew 9.84%, 9.76%, 9.73%, 9.64%, 9.32%, and 9.13% respectively among other gainers.

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Market breadth closed negative as REGALINS led 21 Gainers as against 22 Losers topped by BERGER at the end of today’s session- an Unimproved performance when compared with the previous outlook.

Market Turnover                                                                                    

Market turnover closes positive as volume moved down by +30.21% as against -24.46% downtick recorded in the previous session. DIAMOND BANK, ZENITH BANK,and GUARANTY were the most active to boost market turnover. GUARANTY and ZENITH BANK topped market value list.

UNILEVER leads the list of active stocks that recorded an impressive volume spike at the end of today’s session.

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