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Investors in the Nigerian capital market lost N21 billion at the close of trading on Wednesday.
This followed the dip in the share prices of stocks like JAIZ BANK, PZ, and ABC TRANS amongst others on the trading floor.
After five hours of trading at the capital market, the equity capitalization crashed to N59.3 trillion from N59.4 trillion recorded by the bourse on Tuesday.
The benchmark All-Share Index (ASI) dropped to 98,023.23 from 98,058.07 recorded the previous day.
The market breadth was positive as 32 stocks advanced and 22 stocks declined, while 67 stocks remained unchanged in 10, 028 deals.
SKYAVN, VITAFOAM, and UPL led other gainers with 10% growth each in share prices to close at N27.50, N22.00, and N3.08 from the previous N25.00, N20.00 and N2.80 per share.
JAIZ BANK, PZ, and ABCTRANS led other price decliners with 10%, 10%, and 9.63% decline each in share prices to close at N2.25, N18.90, and N1.35 from the previous N2.50, N21.00 and N1.35 per share.
On the volume index, JAIZ BANK led trading with 106 million shares in 211 deals followed by UBA which traded 95 million shares in 625 deals.
CHAMS traded 80 million shares in 70 deals.
On the value index, MTN Nigeria topped as the securities traded stock worth N5. 3 billion in 349 deals followed by UBA which traded equities worth N2.8 billion in 625 deals.
ARADEL traded shares valued at N2 billion in 1,154 deals.
By: Babajide Okeowo
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