Shareholders Lose ₦34.8bn As Nigeria Capital Market Stumbles

The Nigerian capital market on Thursday saw investors lose ₦34.87 billion at the close of business.

After eight hours of trading, there was crash in equity capitalization by 0.13 percent from ₦25.52 trillion to ₦25.49 trillion.

The All-Share Index was down by 64.72 basis points to close at 47,296.07 compared to 47,360.79 posted on Wednesday.

Investors at the capital market on Thursday traded ₦6.87 billion for 243.43 million shares in 7,056 deals.

This topped the ₦4.16 billion they parted with for 279.95 million shares in 5,620 deals the previous day.

The gainers’ chart was topped by Associated Bus Transport with 9.38 percent to end trading at ₦0.35kobo from ₦0.32kobo per share.

Lasaco’s share price was up by 7.62 percent to rise from ₦1.05 to ₦1.13kobo per share.

Jaiz Bank’s share increased by 5.71 percent to move from ₦0.70kobo to ₦0.74kobo per share.

Africa Prudential share appreciated by ₦0.25kobo to move from ₦6.50kobo to ₦6.75kobo per share.

Linkage Assurance gained 3.85 percent to end trading with ₦0.54kobo from ₦0.52kobo per share.

RT Briscoe who shed 10 per cent to drop from ₦0.70kobo to ₦0.63kobo per share led the losers chart.

CAP’s share depreciated from ₦19.50kobo to ₦17.55kobo per share after losing ₦1.95kobo during trading.

NGX Group share dropped by ₦2.30kobo to end trading at ₦20.80kobo from ₦23.10kobo per share.

Redstar Express lost ₦0.36kobo to end trading with ₦3.32kobo from ₦3.68kobo per share.

Royal Exchange completed the list after shedding ₦0.16kobo from its market price to drop from ₦1.65kobo to ₦1.49kobo per share.

Transcorp led the day’s trading with 28.22 million shares valued at ₦30.24 million.

MTN Nigeria followed with 22.73 million shares valued at ₦4.63 million.

NGX Group traded 22.13 million shares worth ₦463.07 million.

First Bank sold 13.98 million shares worth ₦154.60 million, while UPDC traded 12.81 million shares valued at ₦11.94 million.

This article was originally published on Nigeria News