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Nigerian stock market update for 22 January 2009.

Data from the Nigerian Stock exchange indicates, a 2.49 percent downward sloping in its All Share Index (ALSI), closing at 24,762.50 basis points, as against yesterday’s 25,397.26 basis points. A total of 7,223 deals were closed today involving a share volume of 210,169,065 units, worth N1.356 billion; as against yesterday’s 7,270 deals involving a share volume of 280,639,775 units, worth N1.730 billion. The market capitalisation closed at N5.515 trillion, as against preceding day’s N5.656 trillion.

The top price gainers of the day in a descending order includes: (1) UNHOMES which gained N0.11 to close at N2.57; (2) DANGFLOUR gained N0.10 to close at N9.49; (3) VITAFOAM gained N0.08 to close at N4.40; while, (4) ASHAKA gained N0.06 to close at N11.40.
On the other hand, top price losers of the day includes: (1) CHEVRON which lost N6.55 to close at N124.55; (2) LONGMAN lost N1.25 to close at N23.82; (3) NB lost N1.20 to close at N33.00; while, (4) FLOURMILL lost N1.07 to close at N20.51.

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