Buyers lose N80.8bn in eight hours as Nigeria’s inventory market extends bearish run

Investors lose N80.8bn in eight hours as Nigeria’s stock market extends bearish run

The Nigerian inventory market ended within the crimson zone on Friday following the crash in fairness capitalization by 0.33 p.c on the shut of the day’s buying and selling.

This represented a N80.85 billion loss for the shareholders as their complete funding dropped from N24.032 trillion recorded on Thursday to N23.95 trillion right this moment.

The All Share Index was down by 150.07 foundation factors to shut at 44,454.67 in comparison with 44,604.74 posted on Thursday.

Buyers traded 405.74 million shares valued at N9.82billion in 3,880 offers on Friday.

This surpassed the 321.75 million shares value N3.65 billion that exchanged palms in 4,565 offers yesterday.

Fidson topped the gainers’ chart with its share value rising by N0.66kobo to maneuver from N6.84kobo to N7.50kobo per share on the finish of buying and selling.

Julius Berger’s share value elevated by N0.80kobo to finish buying and selling with N22.80kobo from N22 per share.

Sterling Financial institution’s share value was up by 3.29 p.c to maneuver from N1.52kobo to N1.57kobo per share.

UPDC gained 2.61 p.c to maneuver from N1.15kobo to N1.18kobo per share.

READ ALSO: Buyers lose N20.3bn as Nigeria’s inventory market ends bullish run

Regal Insurance coverage share value was up by 2.22 p.c to finish buying and selling at N0.46kobo from N0.45kobo per share.

Sunu Assurance led the losers’ desk with its share value declining from N0.34kobo to N0.31kobo per share after shedding 8.82 p.c in its share value.

Cutix’s share value depreciated from N2.65kobo to N2.46kobo per share after dropping N0.19kobo from its share value throughout buying and selling.

Mutual Profit’s share dropped 3.57 p.c in worth to finish buying and selling at N0.27kobo from N0.28kobo per share.

Jaiz Financial institution misplaced 2.86 p.c in share value to finish buying and selling at N0.68kobo from N0.70kobo per share.

Royal Trade accomplished the record after shedding 2.44 p.c from its share value to drop from N0.82kobo to N0.80kobo per share.

BUA Meals led the day’s buying and selling with 102.56 million shares value N6.76 billion.

Transcorp traded 97.18 million valued at N110.21 million.

Entry Financial institution adopted with 33.23 million shares valued at N315.79 million.

First Financial institution offered 26.55 million shares value N318.64 million whereas Jaiz Financial institution traded 25.94 million valued at N17.81 million.

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