Shareholders lose N34.8bn as Nigeria capital market stumbles for second day

Investors at the Nigerian capital market lost N34.87 billion at the close of business on Thursday.

This followed the crash in equity capitalization by 0.13 percent from N25.52 trillion to N25.49 trillion in eight hours of trading.

The All-Share Index was down by 64.72 basis points to close at 47,296.07 compared to 47,360.79 posted on Wednesday.

Investors exchanged N6.87 billion for 243.43 million shares in 7,056 deals.

This topped the N4.16 billion they parted with for 279.95 million shares in 5,620 deals the previous day.

Associated Bus Transport topped the gainers’ chart with 9.38 percent to end trading at N0.35kobo from N0.32kobo per share.

Lasaco’s share price was up by 7.62 percent to rise from N1.05 to N1.13kobo per share.

Jaiz Bank’s share increased by 5.71 percent to move from N0.70kobo to N0.74kobo per share.

Africa Prudential share appreciated by N0.25kobo to move from N6.50kobo to N6.75kobo per share.

Linkage Assurance gained 3.85 percent to end trading with N0.54kobo from N0.52kobo per share.

RT Briscoe led the losers after shedding 10 percent to drop from N0.70kobo to N0.63kobo per share.

READ ALSO: NGX: Seplat leads gainers as investors make N47.53bn in 8 hours

CAP’s share depreciated from N19.50kobo to N17.55kobo per share after losing N1.95kobo during trading.

NGX Group share dropped by N2.30kobo to end trading at N20.80kobo from N23.10kobo per share.

Redstar Express lost N0.36kobo to end trading with N3.32kobo from N3.68kobo per share.

Royal Exchange completed the list after shedding N0.16kobo from its market price to drop from N1.65kobo to N1.49kobo per share.

Transcorp led the day’s trading with 28.22 million shares valued at N30.24 million.

MTN Nigeria followed with 22.73 million shares valued at N4.63 million.

NGX Group traded 22.13 million shares worth N463.07 million.

First Bank sold 13.98 million shares worth N154.60 million, while UPDC traded 12.81 million shares valued at N11.94 million.

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