NGX: UPL, John Holt among top losers as investors shed N46bn

Investors in the Nigerian equities market lost N46 billion at the close of trading on Tuesday.

This followed the dip in the share prices of stocks like UPL, JOHN HOLT and OMATEK amongst others on the trading floor today.

After five hours of trading at the capital market, the equity capitalization crashed to N56.8 trillion from N56.9 trillion posted by the bourse on Monday.

Similarly, the All-Share Index (ASI) decreased to 100,486.12 from 100,568.60 recorded the previous day.

The market breadth was negative as 14 stocks advanced and 25 declined, while 74 others remained unchanged in 8,403 deals.

IKEJA HOTEL, LINKAGE ASSURANCE and CAVERTON led other gainers with 7.58%, 6.90% and 5.00% growth in share price each to close at N7.10, N0.93, and N1.47 from the previous N6.60, N0.87, and N1.40 per share.

READ ALSO: NGX: Equities market begin week on positive note, investors gain N16bn

On the flip side, UPL, JOHN HOLT and OMATEK led other price decliners as they shed 9.92%, 9.87%, and 9.46% each to close at N2.27, N2.83, and N0.67 from the initial N2.52, N3.14, and N0.74 per share.

On the volume index, VERITASKAP led trading with 22 million shares valued at N23 million in 123 deals followed by UCAP which traded 20 million shares valued at N817 million in 721 deals.

JAIZ BANK traded 20 million shares valued at N45 million in 96 deals.

On the value index, UCAP recorded the highest value for the day trading stocks worth N817 million in 721 deals followed by ACCESS CORP which traded equities worth N394 million in 675 deals.

ZENITH BANK traded stocks worth N377 million in 419 deals.

By: Babajide Okeowo

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