Investors Lose ₦30bn As Nigeria’s Stock Market Crash

Investors on Monday lost the sum of thirty billion Naira as the Nigeria stock market crashed by 0.12 per cent at the close of the day’s business.

It was gathered that the Nigeria stock market which lost thirty billion Naira on Monday dropped from ₦23.95 trillion to ₦23.92 trillion on Monday.

The All-Share Index after the close of the day’s business was down by 55.01 basis points to close at 44,399.66 compared to 44,454.67 posted on Friday.

Investors traded 214.31 million shares worth ₦2.68 billion in 4,410 deals on Monday.

This was lower than the 405.74 million shares valued at ₦9.82 billion that exchanged hands in 3,880 deals on Friday.

TIP topped the gainers’ chart with its share price rising by 10 per cent to move from ₦0.40kobo to ₦0.44kobo per share at the end of trading.

Sunu Assurance share price increased by 9.68 per cent to end trading with ₦0.34kobo from ₦0.31kobo per share.

Eterna’s share price was up by ₦0.39kobo to move from ₦5.61kobo to N6 per share.

WAPIC gained 6.25 per cent to move from ₦0.48kobo to ₦0.51kobo per share.

Consolidated Hallmark Insurance share price was up by 4.48 per cent to end trading at ₦0.70kobo from ₦0.67kobo per share.

Veritas Kapital led the losers’ table with its share price declining from ₦0.23kobo to ₦0.21kobo per share after shedding 8.70 per cent in its share price.

Mutual Benefit’s share price depreciated from ₦0.27kobo to ₦0.25kobo per share after losing 7.41 per cent in share price during trading.

Cornerstone’s share value dropped by 7.27 per cent to end trading at N0.51kobo from N0.55kobo per share.

BUA Foods lost ₦4.20kobo to end trading at ₦61.80kobo from N66 per share.

Courville completed the list after shedding 5.41 per cent from its share price to drop from ₦0.37kobo to ₦0.35kobo per share.

Transcorp led the day’s trading with 39.34 million shares worth ₦43.05 million.

First Bank traded 25.49 million valued at ₦305.97 million.

GTCO followed with 24.81 million shares valued at ₦625.08 million.

Zenith Bank sold 20.91 million shares worth ₦532.96 million while Fidelity Bank traded 10.35 million valued at ₦27.22 million.

This article was originally published on Naija News