NGX: Investors lost N378BN after Sallah’s vacation

Investors in the Nigerian equity market lost the N378 billion at the close of trade on Tuesday.

The capital market continues trading on Tuesday after the two -day Sallah vacation stated by the Federal Government.

This follows the decline in stock prices such as RT Briscoe, John Holt PLC and Beta Glass, among others, on the trading floor.

The Benchmark All-Share Index (ASI) increased to 114,017.48 points from 114,616.75 points recorded the previous day.

After five hours of trading in the capital market, the capitalization of equity fell to N71,897 trillion from N72,275 trillion posted by Bourse on Thursday.

The extent of the positive market because 35 shares advanced, 25 shares declined, and 65 shares remained unchanged in 23,978 agreements.

Daar Communications PLC, Berger Paints PLC and E-Tranzact International lead other strengthening with 10% growth each in the price closed at N0.66, N22.55 and N6.60 from N0.60, N20.50 and N6.00 per previous share.

Also read: NGX: The equity market maintains running bullish because investors get N224bn

RT Briscoe, John Holt PLC and Beta Glass lead other prices with 10%, 9.87% and 9.69% of stock price reductions closed on N2.25, N6.85 and N210.10 from N2.50, N7.60 and N232.65 per previous share.

In the volume index, the Access Holding PLC led the trade with 88 million shares in 1, 493 agreement, followed by Zenith Bank PLC which was traded 49 million shares in 1, 387 offers.

Guarantee Holding PLC (GTCO) trust is traded 47 million shares in 963 agreements.

In the value index, a guarantee of PLC confidence (GTCO) shares traded worth N3.3 billion in 963 agreements, followed by Zenith Bank PLC who trade equity worth N2.5 billion in 1, 387 agreement.

Access Holding PLC traded shares worth N1.9 billion in 1, 493 agreement.

By: Babajide Okeowo