Investors lose 41.4 billion naira due to weak trading in the Nigerian capital market

Total investment in the Nigerian capital market fell -0.14% at the close of trading on Wednesday.

The development lowered the market capitalization by 41.45 trillion naira to close at 28.67 trillion naira, down from 28.71 trillion naira posted on Tuesday.

The All-Share Index also fell 76.9 basis points to 53,193.98 from 53,270.88 the previous day.

Shareholders on Wednesday traded 248.95 million shares worth N1.86 billion in 4,265 transactions.

This topped the 234.62 million shares traded valued at 2.74 billion naira that swapped hands in 4,232 trades on Tuesday.

Meanwhile, Caverton led the winners with 7.34% to move from N1.09 to N1.17kobo per share.

FTN Cocoa gained 5.88% from 0.34 kobo to 0.36 kobo per share.

Transcorp’s share rose 5.69% to end trade at N1.30kobo to N1.23kobo per share.

Cutix gained N0.13kobo to close at N2.74kobo against N2.61kobo per share.

Linkage Assurance’s share rose by 3.70% from 0.54 kobo to 0.56 kobo per share.

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Champion topped the losers table after losing N0.38kobo in share price to N3.88kobo to N3.50kobo per share.

Cornerstone’s stock fell 9.68% to end trading at 0.56 kobo from 0.62 kobo per share.

ETranzact lost N0.29kobo to end trading with N2.71kobo of N3 per share.

NEM’s share fell from N4.20kobo to N3.85kobo per share after losing N0.35kobo of its value during trading.

Japaul Gold lost 6.25% to drop from N0.32kobo to N0.30kobo per share.

Transcorp led the day’s trading with 103.55 million shares valued at N131.25 million.

Fidelity Bank followed with 24.80 million shares valued at N80.20 million.

FBN Holdings traded 12.51 million shares worth N130.62 million.

Japaul Gold sold 10.34 million shares worth N3.12 million, while Chams traded 7.81 million worth N1.87 million.

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