Investors lost at least ₦638 billion on the trading floor of the Nigerian stock market.
The market capitalisation and All Share index also depreciated after Wednesday’s trade.
The loss by investors in the Nigerian stock market was captured at the close of trading on Wednesday.
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After five hours of trading, the market capitalisation depreciated by ₦638 billion from ₦45.524 trillion to ₦44.885 trillion.
In the same way, the All-Share Index (ASI) fell by 1.4% or 1,167 basis points to settle at 82,024.38, down 83,191.84 posted by the bourse the previous day.
Gainers And Losers
Cadbury Nigeria led gainers with 9.92% growth in share price to close at ₦19.95.
Veritas Kapital Assurance, Linkage Assurance, and Transcorp Hotel completed the list of gainers with 9.79%, 8.70%, and 7.24% growth in share prices.
United Capital, Ikeja Hotel, Trancorp, and Access Bank Holding with 9.95%, 9.95%, 9.94%, and 9.93% cuts in share prices are other major losers in today’s trading.
On the volume index, Transcorp traded 117.635 million shares in 1,302 deals, valued at ₦1.542 billion.
It was closely followed by Sterling Bank Financial Holding with 116.045 million shares worth ₦773.4 million traded by shareholders in 856 deals.
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Access Bank Holding traded 111.648 million shares valued at ₦3.1 billion in 1,171 deals.
On the value index, GTCO traded ₦3.28 billion stocks in 671 deals followed by Access Corp with ₦3.258 billion in 1, 202 deals.
Zenith Bank traded stocks worth ₦2.461 billion in 882 deals.
