NGX: Investors Suffer N40bn Loss As Beta Glass Lead Gainers’ List

Investors in the Nigerian stock market suffered an N40 billion loss on the first day of the week after eight hours of trading on Monday.

The loss followed a 0.14 percent dip in equity capitalisation after it crashed from N25.31 trillion which was recorded last week Friday to N25.27 trillion.

Naija News reports that the All-Share Index was up by 70.37 basis points to close at 46,964.23 compared to 46,893.86 achieved last Friday.

Investors traded 359.89 million shares worth N2.61 billion in 5,163 deals on Monday, which surpassed the 177.09 million shares valued at N4.18 billion which exchanged hands in 3,873 deals on Friday.

Beta Glass led the gainers’ list, netting N5.25kobo to close at N58.20kobo from N52.95kobo per share.

PZ gained N0.90kobo to rise from N9.30kobo to N10.20kobo per share while Livestock’s share was up by N0.14kobo to move from N1.55kobo to N1.69kobo per share.

Linkage Assurance share appreciated by 8 percent to move from N0.50kobo to N0.54kobo per share while Jaiz Bank gained 6.06 percent to end trading with N0.70kobo from N0.66kobo per share.

Learn Africa led the losers’ chart, shedding N0.21kobo to drop from N2.17kobo to N1.96kobo per share.

Unity Bank’s share dropped by 8.16 percent to end trading at N0.45kobo from N0.49kobo per share.

Caverton’s share depreciated from N1.27kobo to N1.18kobo per share after losing 7.09 percent during trading.

FCMB lost N0.23kobo to end trading with N3.11kobo from N3.34kobo per share while Transcorp completed the list after losing 6.54 percent from its market price to drop from N1.07 to N1 per share.

Transcorp led the day’s trading with 92 million shares valued at N92.75 million.

Sterling Bank followed with 50.73 million shares valued at N76.61 million.

Fidelity Bank traded 46.67 million shares worth N153.61 million.

Linkage Assurance sold 30.51 million shares worth N15.27 million, while Access Corp traded 15.45 million valued at N156.40 million.

This article was originally published on Nigeria News