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NGX: Investors Lose ₦65.7bn, Royal Exchange Tops Gainers’ Chart




NGX: Investors Record N30bn Loss In One Day Trading

Shareholders lost N65.7 billion at the close of business on the floor of the Nigerian stock market on Wednesday.

Naija News reports that the trading saw the equity capitalization drop by 0.25 percent from ₦25.59 trillion to ₦25.52 trillion after eight hours of trading.

The All-Share Index dipped by 121.94 basis points to drop from 47,482.73 to 47,360.79 on Wednesday.

Investors traded 279.95 million shares worth N4.16 billion in 5,620 deals.

This was lower than 370.54 million shares valued at N7.85 billion which exchanged hands in 6,045 deals on Tuesday.

Gainers’ Chart

Royal Exchange topped the gainers’ chart following the rise in its share price by N0.15kobo to end trading at N1.65kobo from N1.50kobo per share.

Seplat gained N88.20kobo to rise from N945.80kobo to N1034 per share, while Multiverse share was up by 9.09 percent to move from N0.22kobo to N0.24kobo per share.

NEM’s share appreciated by N0.32kobo to move from N3.82kobo to N4.14kobo per share, while FCMB gained N0.26kobo to end trading with N3.46kobo from N3.20kobo per share.

Losers’ Chart

Niger Insurance led the losers’ chart after shedding 10 percent to drop from N0.30kobo to N0.27kobo per share.

International Breweries share depreciated from N5.65kobo to N5.10kobo per share after losing N0.55kobo during trading.

RT Briscoe’s share dropped by 9.09 percent to end trading at N0.70kobo from N0.77kobo per share.

NGX lost N2.20kobo to end trading with N23.10kobo from N25.30kobo per share.

Cornerstone completed the list after shedding 8.57 percent from its market price to drop from N0.70kobo to N0.64kobo per share.

Transcorp led the day’s trading with 29.20 million shares valued at N32.63 million, while United Capital followed with 28.34 million shares valued at N374.21 million.

Access Bank traded 17.65 million shares worth N181.48 million. while Zenith Bank sold 17.51 million shares worth N470.72 million.

Finally, FCMB traded 17.38 million valued at N57.55 million.

Ige Olugbenga is a fine-grained journalist. He loves the smell of a good lead and has a penchant for finding out something nobody else knows.