Investors lose N182.3 billion as a sell-off grips the Nigerian capital market


Investors in the Nigerian capital market lost N182.3 billion as equity capitalization fell -0.63% at the close of trading on Wednesday.

The loss induced by a sell-off among investors caused total investment in the exchange to drop to 28.45 trillion naira from 28.63 trillion naira on Tuesday.

Similarly, the All-Share index fell by 338.24 basis points to close at 53,113.64 against 52,775.4 reached the day before.

On Wednesday, investors traded 188.09 million shares worth N2.36 billion in 4,890 trades.

However, that was lower than the 299.99 million shares valued at 3.09 billion naira that traded hands in 5,394 trades on Tuesday.

Tripple G led the winners with 9.20% to move from N0.87kobo to N0.95kobo per share.

Learn Africa gained N0.13kobo to go from N2.37kobo to N2.50kobo per share.

Unity Bank’s share rose 2.13% to end trade with N0.48kobo to N0.47kobo per share.

AIICO gained 1.56% to close at N0.65kobo versus N0.64kobo per share.

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The share of livestock rose by 1.33% to go from 1.50 kobo to 1.52 kobo per share.

Meyer topped the losers chart after shedding N0.31kobo to drop from N3.10kobo to N2.79kobo per share.

Linkage Assurance’s share fell 8.93% to end trading at 0.51 kobo from 0.56 kobo per share.

UBN lost N0.50kobo to end trading with N6 from N6.50kobo per share.

International Breweries’ share fell from N7.35kobo to N6.90kobo per share after losing N0.45kobo during trading.

First Holdings lost N0.60kobo to go from N10.50kobo to N9.90kobo per share.

UBA led the day’s trading with 36.41 million shares valued at N278.55 million.

GTCO followed with 24.38 million shares valued at N531.29 million.

First Bank Holdings traded 17.62 million shares worth N175.82 million.

Sterling Bank sold 14.28 million shares worth N21.91 million, while Zenith Bank traded 12.84 million worth N286.83 million.

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