NGX: Investors lose another N68 billion as NSLTECH, RT BRISCOE, UBA become biggest losers

For the second straight day, investors in the Nigerian equity market lost N68 billion at the close of trading on Wednesday.

This follows the decline in share prices of stocks such as NSLTECH, RT BRISCOE, and UBA among others on the trading floor today.

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

The All Share Index (ASI) also fell to 100,365.17 from 100,486.12 recorded the previous day.

Market breadth was negative as 16 stocks advanced and 21 stocks declined, while 77 stocks remained unchanged in 8,412 trades.

SOVRENINS, INTERNATIONAL BREWERIES, and DEAPCAP led other gainers with share price growth of 10%, 10%, and 9.80% respectively to close at N0.55, N4.07, and N0.56 from N0.50, N3.70, and N0.51 per share previously.

ALSO READ: NGX: Equity market closes week with N20 billion gain for investors

On the other hand, NSLTECH, RT BRISCOE and UBA led the other price decliners as they fell by 9.43%, 8.22% and 5.07% respectively to close at N0.48, N0.67 and N21.55 from initial prices of N0.53, N0.73 and N22.70 per share.

On the volume index, FCMB led the trade with 133 million shares worth N1.043 billion in 160 deals followed by ACCESS CORP which traded 72 million shares worth N1.400 billion in 815 deals.

ZENITH BANK traded 60 million shares worth N2.18 billion in 762 deals.

On the value index, ZENITH BANK recorded the highest value for daily traded shares worth N2.18 billion in 762 transactions followed by ACCESS CORP which traded equities worth N1.400 billion in 815 transactions.

FCMB traded shares worth N1.043 billion in 160 transactions.

By: Babajide Okeowo

NGX: Investors lose N68 billion once again as NSLTECH, RT BRISCOE, UBA become biggest losers first appeared on Latest Nigeria News | Top Stories from Ripples Nigeria.