Shareholders lose 34.8 billion naira as Nigerian capital market stumbles for second day

0

Investors in the Nigerian capital market lost 34.87 billion naira as of the close of business on Thursday.

This follows the stock market capitalization collapsing by 0.13% from 25.52 trillion naira to 25.49 trillion naira in eight hours of trading.

The All-Share Index fell 64.72 basis points to close at 47,296.07 from 47,360.79 on Wednesday.

Investors traded 6.87 billion naira for 243.43 million shares in 7,056 transactions.

This topped the 4.16 billion naira they parted with for 279.95 million shares in 5,620 trades the previous day.

Associated Bus Transport leads the winners chart with 9.38% to end trading at N0.35kobo vs. N0.32kobo per share.

Lasaco’s share price rose 7.62% from N1.05 to N1.13 kobo per share.

Jaiz Bank’s share rose 5.71% from 0.70 kobo to 0.74 kobo per share.

Africa Prudential shares appreciated by N0.25kobo to go from N6.50kobo to N6.75kobo per share.

Linkage Assurance gained 3.85% to end trading with N0.54kobo against N0.52kobo per share.

RT Briscoe led the losers after dropping 10% to drop from N0.70kobo to N0.63kobo per share.

READ ALSO: NGX: Seplat tops winners as investors win 47.53 billion naira in 8 hours

CAP’s share depreciated from N19.50kobo to N17.55kobo per share after losing N1.95kobo during trading.

NGX Group stock fell N2.30kobo to end trading at N20.80kobo against NGX23.10kobo per share.

Redstar Express lost N0.36kobo to end trading with N3.32kobo of N3.68kobo per share.

Royal Exchange completed the list after losing N0.16kobo of its market price from N1.65kobo to N1.49kobo per share.

Transcorp led the day’s trading with 28.22 million shares valued at N30.24 million.

MTN Nigeria followed with 22.73 million shares valued at N4.63 million.

NGX Group traded 22.13 million shares worth N463.07 million.

First Bank sold 13.98 million shares worth N154.60 million, while UPDC traded 12.81 million shares worth N11.94 million.

Join the conversation

Opinions

Support Ripples Nigeria, Support Solutions Journalism

Balanced and fearless journalism, driven by data, has huge financial costs.

As a media platform, we hold leaders accountable and we will not trade the right to freedom of the press and freedom of expression for a piece of cake.

If you like what we do and are willing to support solutions journalism, please donate to the Nigeria Ripples cause.

Your support would help ensure that citizens and institutions continue to have free access to credible and reliable information for the development of society.

Donate now

Share.

About Author

Comments are closed.