Stock market loses N232 billion
The Nigerian stock market recorded further decline by 2.30 per cent yesterday, which was largely driven by share price losses of capitalised stocks.
The market capitalisation which opened at N10.067 trillion, decreased by N232 billion or 2.30 per cent, to close at N9.835 trillion.
Similarly, the All-Share Index dipped by 2.30 per cent or 702.71 points to close at 29,789.59, from the 30,492.30 achieved on Wednesday.
Seplat recorded the highest price loss of N14.75, to close at N280.25 per share. Dangote Cement trailed with a loss of N6.34 to close at N153.66, while Nigerian Breweries dipped by N4.80 to close at N138.70 per share.
Wapco lost N2 to close at N70, while CAP depreciated by N1.56 to close at N34.66 per share.
On the other hand, Nestle led the gainers’ chart by N8, to close at N783 per share. Seven Up gained N5.15 to close at N159, while Etranzact grew by 13 kobo to close at N2.80 per share.
Airservice appreciated by 8 kobo to close at N4.65, while Guinness went up by 7 kobo to close at N117.07 per share.
The volume of shares traded yesterday decreased by 29.9 per cent as investors exchanged a total of 261.055 million shares worth N3.3 billion in 4,108 deals as against the 372.642 million shares valued at N3 billion traded in 4,179 deals on Monday.