Business
NGX: Investors lose N92bn in five hours
Investors in the Nigerian equities market lost N92 billion at the close of trading on Tuesday.
This followed a dip in the share price of NASCON, THOMASWY, and MAY & BAKER, amongst others on the trading floor today.
After five hours of trading at the capital market, the equity capitalization fell to N56.3 trillion from N56.4 trillion posted by the bourse on Monday.
Similarly, the All-Share Index (ASI) decreased to 99,630.51 from 99,793.71 recorded the previous day.
The market breadth was positive 29 stocks advanced, 18 declined, while 74 others remained unchanged in 8,064 deals.
TOTAL, PRESCO, and UPDC led other gainers with 9.98%, 9.97%, and 9.92% growth in share price to close at N388.90, N323.20, and N1.33 from the previous N353.00, N293.90, and N1.21 per share.
READ ALSO: NGX: Investors pocket N132bn as Eterna, Stanbic IBTC lead gainers
On the flip side, NASCON, THOMASWY, and MAY & BAKER led other price decliners as they shed 9.91%, 9.66%, and 7.13% each to close at N36.80, N1.59, and N5.60 from the initial N40.85, N1.76, and N5.60 per share.
On the volume index, FIDELITY BANK led trading with 293.180 million shares valued at N2.9 billion in 340 deals followed by NIGERIA BREWERIES which traded 101.583 million shares worth N2.9 billion in 145 deals.
ZENITH BANK traded 74.227 million shares valued at N2.5 billion in 568 deals.
On the value index, FIDELITY BANK recorded the highest value for the day trading stocks worth N2.9 billion in 340 deals followed by NB which traded equities worth N2.9 billion in 145 deals.
ZENITH BANK traded stocks worth N2.5 billion in 568 deals.
Join the conversation
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.
SPECIAL REPORT: In Sokoto, classrooms overtaken by goats, reptiles, as insecurity, lack of teachers, govt inaction push children out of school
SHEHU MUHAMMAD SHEHU reports on how insecurity, government inaction and lack of qualified teachers has significantly forced up the number...
INVESTIGATION: Abia residents in pains, as contractor abandons erosion control project after collecting N185m
Fresh from fashion school in 2022, Onuka Kalu planned to convert one of his father’s two shops, where he formerly...
Trump halts $50m Gaza aid, cites ‘condoms in Gaza’ claim
In a sweeping move to reassess U.S. foreign aid spending, President Donald Trump has frozen a $50 million assistance package...
INVESTIGATION: In Zamfara, forgotten Health Center throws community into health crisis
In the late evening of Friday, September 14, 2024, shortly after the Maghrib prayer, Bashir Muhammad, a 34-year-old father of...
INVESTIGATION: Insufficient teachers, learning materials worsen education access in Kwara communities
Qudus, a Junior Secondary School (JSS 2) pupil, would sit the Basic Education Certificate Examination (BECE) in a year to...