NGX: UPL, John Holt among worst-hit stocks as investors lose N46 billion

Investors in the Nigerian equity market lost N46 billion at the close of trading on Tuesday.

This follows the decline in share prices of stocks such as UPL, JOHN HOLT and OMATEK among others on the trading floor today.

After five hours of trading in the capital market, equity capitalization plunged to N56.8 trillion from N56.9 trillion posted by the exchange on Monday.

Similarly, the All Share Index (ASI) decreased to 100,486.12 from 100,568.60 recorded the previous day.

Market breadth was negative as 14 stocks rose and 25 stocks fell, while 74 stocks remained unchanged in 8,403 trades.

IKEJA HOTEL, LINKAGE ASSURANCE and CAVERTON led the other gainers with share price growth of 7.58%, 6.90% and 5.00% respectively to close at N7.10, N0.93 and N1.47 from N6.60, N0.87 and N1.40 per share previously.

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On the other hand, UPL, JOHN HOLT and OMATEK led the other price decliners as they fell by 9.92%, 9.87% and 9.46% respectively to close at N2.27, N2.83 and N0.67 from opening prices of N2.52, N3.14 and N0.74 per share.

On the volume index, VERITASKAP led the trade with 22 million shares worth N23 million in 123 deals followed by UCAP which traded 20 million shares worth N817 million in 721 deals.

JAIZ BANK traded 20 million shares worth N45 million in 96 transactions.

On the value index, UCAP recorded the highest value for daily traded shares worth N817 million in 721 transactions followed by ACCESS CORP which traded equities worth N394 million in 675 transactions.

ZENITH BANK traded shares worth N377 million in 419 deals.

By: Babajide Okeowo

NGX: UPL, John Holt among biggest losers as investors lose N46 billion first appeared on Latest Nigeria News | Top Stories from Ripples Nigeria.