Investors Lose N516.6 Billion as Nigerian Capital Market Continues Downtrend

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The Nigerian capital market continued to suffer steep losses after the stock market’s stock depreciated by -1.86% on Tuesday.

The development caused the equity capitalization to fall by 516.69 billion naira from 27.71 trillion naira to 27.20 trillion naira after eight hours of trading on Tuesday.

The All-Share index fell 958.16 basis points to close at 50,400.63 from 50,442.37 on Monday.

Shareholders increased their investment slightly on Tuesday, trading 156.16 million shares worth N2.93 billion in 4,618 deals.

This was after total investment fell to 98.85 million shares valued at 2.5 billion naira in 4,314 trades the previous day.

Breeding led the winners with a 1.63% rise in share price to end trading at N1.25kobo vs. N1.23kobo per share reported on Monday.

FBN Holdings gained N0.15kobo to go from N11 to N11.15kobo per share.

Sterling Bank’s share value rose 1.32% to end trading at N1.53kobo vs. N1.51kobo per share.

READ ALSO: NGX: Investors Lose N34.7 Billion as GTCO and UBA Lead the Deal

Sunu Assurance joined the list of winners despite stable trading at N0.34kobo.

Vanleer also traded flat at N5.45kobo but was still on the winners list.

Trans Express tops the losers chart after losing 10% to drop from N0.63kobo to N0.70kobo per share.

International Breweries’ share price fell N0.55kobo to end trading at N5 from N5.55kobo per share.

MTN Nigeria lost N20.50kobo to end trading with N192.50kobo of N213 per share.

PZ lost N1 to go from N10.40kobo to N9.40kobo per share.

Berger’s share fell from N6.85kobo to N6.20kobo per share after losing N0.65kobo during trading.

Flour Mill led the day’s trading with 19.31 million shares valued at 618.04 million naira.

Transcorp sold 15.40 million shares worth N16.34 million.

GTCO followed with 12.68 million shares worth N259.67 million

Zenith Bank traded 11.38 million shares worth N243.69 million, while FBN Holdings traded 9.94 million shares worth N108.17 million.

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