Shareholders lose 52.3 billion naira as investments in the Nigerian capital market fall by -0.18%


Investors in the Nigerian capital market lost 52.3 billion naira on Tuesday as equity capitalization plummeted by -0.18% at the close of the day.

After eight hours of trading, the equity capitalization fell from N27.98 trillion to N27.92 trillion to push the stock market back into the bearish zone.

As a result, the All Share index fell 97.07 basis points to close at 51,805.41 from 51,902.48 posted on Monday.

Investors traded 331.52 million shares worth N5.03 billion in 6,689 trades on Tuesday.

This contrasts with 337.56 million shares worth 5.55 billion naira which exchanged hands in 7,684 transactions the previous day.

May & Baker led the winners with N0.44kobo to go from N4.40kobo to N4.84kobo per share.

Okomu Oil’s share increased by N17 from N170 to N187 per share.

Multiverse’s share rose 10% from N0.20kobo to N0.22kobo per share.

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Champion Breweries gained N0.36kobo to end trading with N4.03 from N3.67kobo per share.

MCNichols’ share rose 9.78% to close at N1.01 from N0.92kobo per share.

Nahco topped the losers chart after losing N0.28kobo to drop from N6.79kobo to N6.51kobo per share.

Mutual Benefit’s share fell 3.85% to end trading at 0.25 kobo from 0.26 kobo per share.

Wema Bank lost N0.14kobo to end trading with N3.61kobo against N3.75kobo per share.

MTN Nigeria stock depreciated from N249 to N240 per share after losing N9 during trading.

Regal Insurance lost 3.33% of its market price to drop from 0.30 kobo to 0.29 kobo per share.

GTCO led the day’s trading with 51.96 million shares valued at N1.22 billion.

Transcorp followed with 41.33 million shares valued at N49.61 million.

First Bank traded 14.08 million shares worth N171.28 million.

Oando sold 13.59 million shares worth N80.85 million, while Regal Insurance traded 11.97 million worth N3.31 million.

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