Investors Lose ₦27.35bn In Nigeria’s Stock Market

Shares traded at the Nigerian Capital market on Tuesday crashed as investors lost ₦27.3 billion following the drop in equity capitalisation by 0.10 percent.

Trading on Tuesday dropped to ₦25.24 after eight hours compared to ₦25.27 trillion traded on Monday.

The All-Share Index was down by 50.77 basis points to drop from 46,893.86 to 46,843.09 on Tuesday.

Investors parted with ₦1.79 billion in exchange for 214.32 million shares in 4,125 deals on Tuesday.

This fell short of the ₦2.61 billion the investors splashed on 359.89 million shares in 5,163 deals the previous day.

The gainers chart was led PZ netting N1 to close at ₦11.20kobo from ₦10.20kobo per share.

Japaul Gold gained 9.68 percent to rise from ₦0.31kobo per share to ₦0.34kobo.

FCMB share was up by ₦0.29kobo to move from ₦3.11kobo to ₦3.40kobo per share.

Consolidated Hallmark Insurance share appreciated by 4.92 percent to move from ₦0.61kobo to ₦0.64kobo per share.

NPF Microfinance gained 3.81 percent to end trading with ₦2.45kobo from ₦2.36kobo per share.

The losers’ chart was led by the International Breweries shedding ₦0.50kobo to drop from ₦5 to ₦4.50kobo per share.

Veritas Kapital’s share dropped by 8.70 per cent to end trading at ₦0.21kobo from ₦0.23kobo per share.

FTN Cocoa’s share depreciated from ₦0.35kobo to ₦0.33kobo per share after losing 5.71 per cent during trading.

Fidelity Bank lost ₦0.16kobo to end trading with ₦3.12kobo from ₦3.28kobo per share.

Chams completed the list after losing 4.76 per cent from its market price to drop from ₦0.21kobo to ₦0.20kobo per share.

Chams led the day’s trading with 30.40 million shares valued at ₦6.08 million.

AccessCorp followed with 30.29 million shares valued at ₦305.50 million.

Transcorp traded 20.50 million shares worth ₦20.43 million.

First Bank Holdings sold 18.51 million shares worth ₦216.38 million, while ETranzact traded 13.08 million valued at ₦34.67 million.

This article was originally published on Nigeria News