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Investors in Nigerian equity market lose N5m

Felix Oloyede

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Nigerian Exchange up 1.4% this week

Investors in the Nigerian Exchange (NGX) lost N5 million following market capitalization dipped by that amount after gaining N13 billion the previous day.

The All-Share Index declined by 0.03% to close at 39,449.82 points compared to 39,460.68 recorded the previous day.

Similarly, the market capitalization reduced by N5 million to close at N20.553 trillion lower than Tuesday’s N20.559 trillion.

The total volume of 196.33 million units of shares valued at N1.05 billion was exchanged in 3,881 deals.

On the price movement chart, 17 stocks recorded price appreciation while 19 others constituted the losers’ chart.

Caphotel led the gainers’ table with N0.29k to close at N3.19k, followed by Eterna which gained N0.62k to close at N6.82k while TRANSCOHOT gained N0.40k to close at N4.70k.

On the other hand, Dangote Sugar lost N0.50k to close at N17.50k. It was followed by GTCO Plc with a closing price of N28.80k after losing N0.20k and Pharm-Deko Plc, which lost N0.18k to close at N1.71k.

Transactions in the shares of Sovereign Trust Insurance topped the activity chart with 48.383 million shares valued at N11.167 million. MBENEFIT followed with 27. 092 million shares valued at N8.706 million. (VON)

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