Stock Market Investors Lost N16.75 billion In Six Hours

Investors at the stock market lost a total of N16.75 billion as market capitalisation went down to N27.28 trillion from N27.30 trillion, on Wednesday at the Nigerian exchange.

The All-Share Index lost 31.07 basis points from the 50,626.04 ASI recorded on Tuesday, declining to 50,594.97 ASI.

Stock Market Investors Lost N16.75 billion In Six Hours
Trading going on at the stock market

A total of 121.16 million shares, worth N4.16 billion, were traded by investors in 4,369 deals on Wednesday.

Top five gainers

LASACO gained 10 percent, after its stock price appreciated from N0.90kobo to N0.99kobo per share.

UPDC reported an uptick of N0.10kobo, as its share rose from N1.03 to N1.13kobo per share.

Honeywell Flour share went up by N0.22kobo, rising to N2.49kobo from N2.27kobo per share.

Chams saw its share price gain 8.70 percent, increasing to N0.25kobo from N0.23kobo per share.

Japaul Gold recorded an appreciation of 7.41 percent, after the share went from N0.27kobo to N0.29kobo per share.

Top five losers

Learn Africa share depreciated by N0.26kobo, dwindling from N2.60kobo to N2.34kobo per share.

UPL share dropped in value by N0.23kobo, to settle at N2.12kobo from N2.35kobo per share.

Cornerstone followed the same path, losing 9.33 percent after trading hours, to sell at N0.68kobo from N0.75kobo per share.

Unity Bank reported a decline of 4.26 percent in its share, depreciating from N0.47kobo to N0.45kobo per share.

Fidelity Bank share lost N0.12kobo from previous day’s N3.12kobo, dropping to N3 per share.

Top five trading equities

MTN Nigeria reported 10.41 million shares valued at N2.23 billion, were traded on its floor.

FBN Holdings recorded 9.53 million shares valued at N104.17 million.

Zenith Bank saw investors trade 8.36 million of its shares worth N178.85 million.

UBA recorded 6.80 million shares worth N48.08 million were exchanged.

Access Corp reported that 6.60 million shares exchanged hands of investors, valued at N58.99 million.

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