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Nigeria Exchange Limited loses N202 billion due to share price depreciation.
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Dangote Cement’s stock price drops by 10%, contributing to the market’s decline.
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GX market capitalization falls to N66.465 trillion from N66.667 trillion.
The Nigeria Exchange Limited (NGX) has recorded a loss of N202 billion, with Dangote Cement’s stock price dropping by 10% to N432.00 per share.
The market’s downturn saw the All-Share Index decline by 321.65 points, or 0.3%, to close at 105,752.61.
The NGX market capitalization fell by 0.3% to N66.465 trillion from N66.667 trillion on Thursday. Other stocks, including CHAM, VFD Group, and Sovereign Trust Insurance, also contributed to the market’s decline.
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READ ALSO: Dangote Cement Shares Tumble, Aliko Dangote Loses $397 Million in a Day
Despite the overall loss, some stocks showed gains, with Ikeja Hotel leading the gainers’ table by 10% to close at N12.10 per share. Other gainers included International Breweries, Legend Internet Plc, Vitafoam, and Cadbury.
The market’s trading activity saw 428.08 million shares worth N20.174 billion exchanged across 14,284 transactions. Guaranty Trust Holding Company topped the activity chart with 60.735 million shares worth N3.807 billion.
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