Nigerian capital market at six-month low as investors lose N312.4 billion on selloff


The Nigerian capital market closed trading with a loss of 312.4 billion naira following the collapse of stock capitalization by -1.11% on Monday.

After eight hours of trading on the capital market floor, the equity capitalization fell from N28.03 trillion to N27.71 trillion.

The All-Share index lost 579.39 basis points to close at 51,400.53 from 51,979.92 posted last Friday.

Investment in the capital market fell to its lowest level in six months as shareholders traded 98.85 million shares valued at 2.51 billion naira on Monday in 4,314 transactions.

This is lower than the 205.05 million shares worth 3.05 billion naira traded by investors in 3,600 trades last week.

CAP led the winners with N1.70kobo to go from N17 to N18.70kobo per share.

NAHCO gained N0.55kobo to go from N5.50kobo to N6.05 per share.

FTN Cocoa’s share value rose 10% to end trading with N0.33kobo of N0.30kobo per share.

Multiverse gained N0.15kobo to close at N2.05 against N1.90kobo per share.

Unity Bank’s share rose 7.14% from 0.42 kobo to 0.45 kobo per share.

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

MTN Nigeria tops the losers chart after dropping N16 from N229 to N213 per share.

United Capital’s share price fell N0.70kobo to end trading at N12 from N12.70kobo per share.

Cutix lost N0.13kobo to end trading with N2.25kobo of N2.38kobo per share.

RT Briscoe fell 5% to drop from N0.40kobo to N0.38kobo per share.

Sovereign Insurance’s share fell from N0.27kobo to N0.26kobo per share after losing 3.70% during trading.

UBA led the trading day with 15.85 million shares valued at N114.23 million.

Zenith Bank sold 12.26 million shares worth N262.24 million.

Transcorp followed with 5.43 million shares valued at N6.19 million

GTCO traded 5.09 million shares worth N105.71 million, while Dangote Sugar traded 4.17 million shares worth N66.83 million.

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