Investors Lose ₦4.7b In Nigerian Capital Market

The beginning of a new week saw investors at the Nigerian capital market loss ₦4.7 billion following the crash in equity capitalization by 0.0 per cent.

Investment on Monday dropped from ₦25.566 trillion posted last week to ₦25.561 trillion after eight hours of trading.

The All-Share Index was down by 8.81 basis points to close at 47,428.67, slightly lower than the 47,437.48 recorded last week.

Investors at the stock market traded 1.28 billion shares valued at ₦7.91 billion in 4,735 deals on Monday.

This topped the 1.15 million shares worth ₦7.02 billion that exchanged hands in 3,928 deals last Friday.

The gainers’ chart was led by RT Briscoe, closing with a 9.59 per cent gain to settle at ₦0.80kobo from ₦0.73kobo per share.

Ecobank gained ₦0.80kobo to rise from ₦11 per share to ₦11.80kobo.

Prestige share was up by 6.52 per cent to move from ₦0.46kobo to ₦0.49kobo per share.

Niger Insurance’s share appreciated by 4.55 per cent to move from ₦0.22kobo to ₦0.23kobo per share.

Mutual Benefit gained 3.85 per cent to end trading with ₦0.27kobo from ₦0.26kobo per share.

Eterna topped the losers’ chart, shedding ₦0.56kobo to drop from ₦5.60kobo to ₦5.04 per share.

CWG’s share dropped by ₦0.11kobo to end trading at ₦0.99kobo from ₦1.10kobo per share.

Royal Exchange’s share was down from ₦1.21kobo to ₦1.09 per share after losing ₦0.12kobo during trading.

Veritas Kapital lost 8.70 per cent to end trading with ₦0.21kobo from ₦0.23kobo per share.

SCOA completed the list after shedding ₦0.23kobo from its market price to drop from ₦2.83kobo to ₦2.60kobo per share.

FCMB led the day’s equities with 1.02 billion shares valued at ₦3.83 billion.

Fidelity Bank followed with 38.13 million shares valued at ₦108.87 million.

Zenith Bank traded 28.46 million shares worth ₦768.12 million.

Transcorp sold 20.99 million shares worth ₦23.79 million, while GTCO traded 17.01 million valued at ₦455.38 million.

This article was originally published on Nigeria News