Investors lose N296.3bn as Nigeria’s capital market bullish run ends

The All-Share Index at the Nigerian equities market declined by 539.48 basis points to close at 70,042.28 basis points on Thursday.

The bourse ended the previous day’s trading with 70,581.76 basis points.

Investors also recorded a trading loss of N296.39 billion in 8,396 deals after five hours of business on the trading floor today.

At the close of trading, the market recorded 26 gainers, 27 losers, and 67 unchanged positions.

OMATEK topped the gainers’ list alongside ACADEMY, PRESTIGE, TANTALIZER, DAARCOMM, MBENEFIT, and DEAPCAP.

CHAMS topped the list of losers that included INTBREW, RTBRISCOE, THOMASWY, FBNH, UNIVINSURE, and UNITYBNK

READ ALSO: Nigeria’s capital market sustains bullish run to surpass 70, 000 basis points, gains N739.2bn

The total volume of shares traded by investors declined by 12.68 percent to close at 525,457,392 million units valued at N6.09 billion in 8,396 deals today.

JAPAULGOLD was the most traded stock by volume with 92.02 million units while FIDELITYBK and UBA followed closely behind with 67.03 million and 46.31 million units respectively.

UBA was the most traded stock by value with N971.34 million worth of stocks traded followed by MTNN and FIDELITYBK with N691 million and N557 million respectively.

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now