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Investors Lose N47.3bn At Nigeria’s Stock Market

Investors Lose N47.3bn At Nigeria’s Stock Market

Investors at the Nigerian stock market lost ₦47.3 billion as the market dipped from ₦25.56 trillion on Monday to ₦25.51 trillion at the end of the market.

Naija News reports that the Nigerian stock market fell in equity capitalization by 0.18 percent as the bourse’s bearish run entered the second day. The All-Share Index went down by 87.81 basis points to close at 47,340.86 compared to 47,428.67 achieved the previous day. Investors traded 183.25 million shares valued at N2.47 billion in 3,779 deals on Tuesday which fell short of the 1.28 billion shares worth N7.91 billion that exchanged hands in 4,735 deals on Monday. Veritas Kapital led the gainers’ chart, posting 4.76 percent gain to close at N0.22kobo from N0.21kobo per share. Chams share value was up by 4.55 percent to rise from N0.22kobo to N0.23kobo per share. Eterna’s share rose by N0.21kobo to move from N5.04 to N5.25kobo per share. Unilever’s share appreciated by N0.50kobo to move from N13 to N13.50kobo per share. Royal Exchange’s share price increased by 3.67 percent to end trading with N1.13kobo from N1.09 per share. Cornerstone topped the losers’ chart, shedding 8.82 percent to drop from N0.68kobo to N0.62kobo per share. Multiverse’s share price was down by 8.33 percent to drop from N0.24kobo to N0.22kobo per share. SCOA’s share dropped by N0.20kobo to end trading at N2.40kobo from N2.60kobo per share. Prestige’s share depreciated from N0.49kobo to N0.46kobo per share after losing 6.12 percent during trading. Japaul Gold completed the list after losing 5.71 percent of its share price to end trading with N0.33kobo from N0.35kobo per share. UBA led the trading activities with 23.41 billion shares worth N200.20 billion. Access Bank followed with 10.43 million shares valued at N108.91 million. First Bank traded 10.16 million shares worth N117.63 million. UAC sold 8.68 million shares worth N104.44 million, while Zenith Bank traded 9.64 million valued at N259.63 million.

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This article was originally published on Nigeria News

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