NGX: Fall continues as investors lose N2 billion

The Nigerian equity market continued its negative trend on Wednesday with investors losing N2.18 billion at the close of trading for the day.

This follows a decline in the value of THOMASWY, DAARCOMM and CWG shares among others on the trading floor today.

After five hours of trading in the capital market, equity capitalization plunged to N56.456 trillion from N56.459 trillion posted by the exchange on Tuesday.

The All Share Index (ASI) fell to 99,802.08 from 99,805.95 recorded the previous day.

The market breadth was positive as 25 stocks rose and 22 stocks fell, while 66 stocks remained unchanged in 8,160 trades.

ALSO READ: NGX: Investors start week with N51 billion loss as stocks plunge

ABC TRANS, ETERNA, and LIVESTOCK led other gains with share price growth of 10%, 9.88%, and 9.63% respectively to close at N0.77, N18.35, and N2.05 from previously N0.70, N16.70, and N1.87 per share.

On the other hand, THOMASWY, DAARCOMM and CWG led the other price decliners as they fell by 10%, 8.77% and 5.48% respectively to close at N2.16, N0.52 and N6.90 from initial prices of N2.40, N0.57 and N7.30 per share.

On the volume index, FIDELITY BANK led the trade with 698 million shares worth N7.27 billion in 594 deals followed by ZENITH BANK which traded 36 million shares worth N1.34 billion in 484 deals.

UBA traded 26 million shares worth N604 million in 485 transactions.

On the value index, FIDELITY BANK recorded the highest value for daily traded equities worth N7.27 billion in 594 transactions followed by ZENITH BANK which traded equities worth N1.32 billion in 484 transactions.

GTCO traded shares worth N653 million in 338 transactions.

By: Babajide Okeowo

NGX: Fall continues as investors lose N2 billion first appeared on Latest Nigeria News | Top Stories from Ripples Nigeria.