Investors Lose ₦6bn As Bears Take Control Of Nigeria’s Capital Market

Investors at the Nigerian capital market on Wednesday lost ₦6bn following the crash in equity capitalization by 0.02 percent.

At the end of eight hours of trading the equity capitalization dropped from ₦25.218 trillion ₦25.212 trillion.

All-Share Index was down by 11.21 basis points to crash from 46,777.37 posted on Tuesday to 46,766.16 today.

Investors on Wednesday traded 261.59 million shares valued at N2.43 billion in 4,668 deals.

This surpassed the 257.41 million shares worth ₦2.34 billion which exchanged hands in 4,410 deals the previous day.

The gainers’ chart was led by Regal Insurance with 10 percent increase in share price to rise from ₦0.30kobo to ₦0.33kobo per share.

Livestock share was up by ₦0.14kobo to move from ₦1.46kobo to ₦1.60kobo per share.

Multiverse’s share appreciated by 9.52 percent to move from ₦0.21kobo to ₦0.23kobo per share.

Meyer gained 9.30 percent to end trading with ₦0.94kobo from ₦0.86kobo per share.

Linkage Assurance completed the list after gaining 8.51 percent to end trading with ₦0.51kobo from ₦0.47kobo per share.

The losers’ chart was led by NPF Microfinance shedding ₦0.22kobo to drop from ₦2.25kobo to ₦2.03 per share.

RT Briscoe’s share dropped by 8.93 percent to end trading at ₦0.51kobo from ₦0.56kobo per share.

Prestige’s share depreciated from ₦0.49kobo to ₦0.45kobo per share after losing 8.16 percent during trading.

Chams lost 4.76 percent to end trading with ₦0.20kobo from ₦0.21kobo per share.

Niger Insurance completed the list after losing 4.76 percent of its share price to drop from ₦0.21kobo to ₦0.20kobo per share.

Fidelity Bank led the day’s trading with 81.74 million shares valued at ₦281.14 million.

Transcorp followed with 30.72 million shares valued at ₦30.10 million.

GTCO traded 15.49 million shares worth ₦345.60 million.

AccessCorp sold 15.25 million shares worth ₦148.83 million, while Zenith Bank traded 10 million valued at ₦227.33 million.