Stock investors record N7bn one-day loss

After days of upward swing in the market capitalisation of the Nigerian Exchange Limited, investors suffered a N7bn loss at the close of trading on Thursday.

The All-Share Index depreciated by 0.02 per cent to close at 54,924.08 points. Similarly, the market capitalisation lost N7bn to close the day at N29.920tn, while the Year-to-date returns settled at 6.45 per cent.

The market has advanced by 3,328.42 points since the beginning of the year.

In terms of volume, 117,850,276 shares valued at N1.398bn were traded on the floor of the NGX in 2,575 deals.

The market breadth was negative as 17 equities were recorded on the losers’ table compared to 14 on the gainers’ table.

Sunu Assurance led the gainers’ table with a 9.09 per cent appreciation in its share value to close at N0.48, Transcorp Hotels followed with 8.32 per cent increase to close trading at N6.90.

On the losers’ table, NCR had the biggest dip in share value of the day at 9.96 per cent to close the day at N2.35. Linkage Assurance stock suffered 8.70 per cent loss to end the day at N0.42 and Mansard had a 7.50 per cent loss to close at N1.85.

The shares of MTN Nigeria were the most traded on the floor of the NGX with 1,574,033 of its shares worth N370,213,040.60 exchanged in 208 deals.

Zenith Bank and First Bank Holdings followed with 7,896,749 shares valued at N198.176m and 13,061,285 shares worth N143.571m exchanged in 143 and 141 deals respectively.