Investors dump 189 billion naira as Nigerian capital market continues losing streak

By the end of Friday’s session, investors in the Nigerian capital market had lost N189.06 billion.

This came after Friday’s trading floor saw a decline in share capitalization of -0.7% from 26.97 trillion naira to 26.78 trillion naira.

The All-Share Index also fell from 50,014.6 the previous day to close at 49,664.07, a loss of 350.53 basis points.

In 4,076 transactions today, investors traded 750.28 million shares worth N5.30 billion.

This was more than the 133.59 million shares worth N1.60 billion that were traded in 4,292 transactions on Thursday.

BUA Foods led the winners with a gain of N5.45kobo, moving its share price from N54.50kobo to N59.95kobo.

NEM gained N0.40kobo to go from N4.01 to N4.41kobo per share.

Courtville’s share value rose 9.80% to end trading with N0.56kobo from N0.51kobo per share.

Ikeja Hotel gained N0.11kobo to close at N1.27kobo from the previous N1.16kobo per share.

Multiverse shares rose N0.19kb to end trading at N2.44kb vs. N2.25kb per share.

BUA Cement topped the losers chart after losing 5.85 N kobo to 52.95 N kobo per share from 58.80 N kobo.

Chams’ share price fell 9.68% to end trading at 0.28 kobo from 0.31 kobo per share.

Cutix lost N0.20kobo to end trading with N2.05 from N2.25kobo per share.

Ellah Lakes stock fell from N4.30kob to N4 per share after losing N0.30kobo during trading.

Unity Bank lost 6.52% to drop from 0.46 kobo to 0.43 kobo per share.

CAP Hotel led the trading day with 478.20 million shares valued at N3.34 million.

ETranzact sold 77.56 million shares worth N176.85 million.

Wapic followed with 37.07 million shares valued at N14.93 million

FBN Holdings traded 30.52 million shares worth N333.23 million, while UBA traded 13.19 million worth N92.68 million.

The post Investors Drop N189 Billion as Nigerian Capital Market Continues Losing Streak appeared first on NEWS.

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Author: Davies Ngere Ify

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