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The stock market experienced a 20.04 per cent decline in transaction value on Monday. Dangote Sugar and 29 other equities led the charge toward a negative performance. Trade turnover mirrored this trend, with 306.82 billion shares valued at N11.38 billion exchanged in 9,343 deals. This also represents a drop when compared with 505.19 million shares
The market opened on a positive note and sustained the sentiment till Thursday, with investors earning N501 billion in the process
The banking index of the Nigeria Exchange Limited recorded the highest gain of 6.08 per cent week-on-week compared to other indexes
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Despite the drop in capitalisation, market breadth, which is the measure of investors’ sentiments, was positive resulting in 36 gainers and 15 losers.