Investors lose N20.3bn as Nigeria’s stock market ends bullish run

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Investors at the Nigerian stock market lost N20.3billion following the crash in equity capitalization by 0.08 percent on Tuesday.

Consequently, the equity capitalization dropped from N23.65 trillion to N23.63 trillion at the close of the day’s business.

The All-Share Index was down by 37.83 basis points to close at 43,859.3 compared to 43,897.13 recorded on Monday.

Shareholders invested N6.76 billion on 294.53 million shares in 4,501 deals on Tuesday.

This was lower than the N8.64 billion investors spent on 311.25 million shares in 5,159 deals the previous day.

BUA Foods led the gainers’ chart as its share price rose by N5.85kobo to move from N58.50kobo to N64.35kobo per share at the end of trading.

Eterna’s share price was up by N0.27kobo to end trading with N5.57kobo from N5.30kobo per share.

Union Bank’s share price increased by N0.25kobo to move from N5.40kobo to N5.65kobo per share.

Wema Bank gained 3.57 percent to move from N0.84kobo to N0.87kobo per share.

Oando’s share price rose by N0.13kobo to end trading at N4.73kobo from N4.60kobo per share.

READ ASLO: NGX: BUA Foods, MRS among top gainers as investors gain N23bn

Mutual Benefit led the losers’ table with its share price declining from N0.30kobo to N0.27kobo per share after shedding 10 percent in its share price.

Berger’s share price dropped from N8.55kobo to N7.70kobo per share after losing N0.85kobo in its share price.

UPDC REIT’s share price fell by N0.35kobo to end trading at N3.95kobo from N4.30kobo per share.

Nestle lost N121.50kobo in share price to end trading at N1435 from N1556.50kobo per share.

Unity Bank completed the list after shedding 6.12 percent from its share price to drop from N0.49kobo to N0.46kobo per share.

Transcorp led the day’s trading with 58.35 million shares worth N57.36 million.

BUA Foods traded 51.52 million valued at N3.31 billion.

First Bank followed with 16.50 million shares valued at N197.30 million.

GTCO sold 14.05 million shares worth N358.21 million while Access Bank traded 13.33 million valued at N126.74 million.

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