Nigeria Capital Market Investors Lose N262 Billion, As Bearish Trading Continues

     

       

 

Investors on the Nigerian Stock Exchange yesterday recorded another loss of N262 billion from value of their investments.
The market value which opened at N9.6 trillion closed at N9.3 trillion. Similarly the All-Share Index which opened at 28,721.27 points lost 214.5 basis points to close 27,935.77 points.

Market price movement chart showed 42 equities participated in the day's trading with five gainers against 37 losers.
Flour Mills Nigeria Plc led the pack of losers with N2.51 or 8.23 per cent to close at N28.00 per share.
It was trailed by Guaranty Trust Bank Plc with N1.05 or 5.55 per cent to close at N17.86 per share, followed by Dangote Sugar Plc with N0.34 or 5.00 percent to close at N6.46 per share.
Diamond Bank Plc and AIICO Insurance Plc suffered 19 kobo and four kobo to close at N3.61 and 76 kobo each.
Despite the bearish run, five stocks recorded gain with Cable Company of Nigeria (CCNN) Plc topping with 46 kobo or 4.91 percent to close at N9.82 per share.

It was followed by Air Services and Logistic Plc with Nine kobo or 4.84 per cent to close at N1.95 per share, while Fidelity Bank Plc was up with four kobo or 3.39 per cent to close at N1.22 per share.
Okomu Oil Plc gained four naira or N1.45 per cent to close at N27.90 per share, while Forte Oil Plc added N2.00 or 1.00 per cent to close at N202.00 per share.
In all, investors traded 4.483 million shares valued at N411.56 billion exchanged in 3,491 deals.