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

Shareholders lost ₦65.7 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 ₦4.16 billion in 5,620 deals.

This was lower than 370.54 million shares valued at ₦7.85 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 ₦1.65kobo from ₦1.50kobo per share.

Seplat gained ₦88.20kobo to rise from ₦945.80kobo to ₦1034 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 ₦3.82kobo to ₦4.14kobo per share, while FCMB gained N0.26kobo to end trading with ₦3.46kobo from ₦3.20kobo 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 ₦5.65kobo to ₦5.10kobo 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 ₦2.20kobo to end trading with ₦23.10kobo from ₦25.30kobo 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 ₦32.63 million, while United Capital followed with 28.34 million shares valued at ₦374.21 million.

Access Bank traded 17.65 million shares worth ₦181.48 million. while Zenith Bank sold 17.51 million shares worth ₦470.72 million.

Finally, FCMB traded 17.38 million valued at ₦57.55 million.