Champions, Lasaco Top Losers as an investor down N70 billion in five hours

Investors in the Nigerian equity market lost N70 billion at the close of trade on Wednesday.

This follows a decrease in stock prices such as RT Briscoe, Eunisell Interlocked PLC and PLC livestock feeds among others on the trading floor.

The Benchmark All-Share Index (ASI) crashed 109,619.10 points from 109,730.47 points recorded the previous day.

After five hours of trading in the capital market, the capitalization of equity declined to N68.8 trillion from N68.9 trillion posted by Bourse on Tuesday.

The extent of the market is positive because 29 shares advanced, 29 shares declined, and 63 shares remained unchanged in 19,439 agreements.

RT Briscoe, Eunisell Interlinked PLC and Feed Livestock PLC leads other growth with 10%, 9.75% and 9.61% growth in prices closed on N2.09, N12.95 and N8.90 from N1.90, N11.80 and N8.12 per previous share.

Also read: NGX: Investors make N353M as Oando, Chellarms, Transcorp Push Up Stock Market

Champion PLC, Lasaco Assurance, and Mcnichols PLC led other prices with 10%, 10% and 9.45% of stock price reductions to N7.20, N2.52 and N2.30 from N8.00, N2.80 and N2.54 per previous share.

In the volume index, the Japaul Gold and Ventures PLC led the trade with 90 million shares in 178 agreements, followed by Tantalizers PLC, which was traded 82 million shares in 586 agreements.

Fidelity Bank PLC trades 67 million shares in 1,195 offers.

In the value index, the Nigerian Brewers PLC shares are traded worth N3.1 billion in 431 agreements, followed by Fidelity Bank PLC, which trades equity worth N1.2 billion in 1,195 offers.

Zenith Bank PLC trades shares worth N972 million in 918 agreements.

By: Babajide Okeowo

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