Investors drop N189bn as Nigeria’s capital market continues losing streak

At the end of trading on Friday, investors on the Nigerian capital market had lost N189.06 billion.

This came after the Friday trading floor saw an equity capitalization decline of -0.7 percent, from N26.97 trillion to N26.78 trillion.

The All-Share Index similarly dropped from 50,014.6 the day before to close at 49,664.07, a 350.53 basis point loss.

In 4,076 transactions today, investors exchanged 750.28 million shares worth N5.30 billion.

This was more than the 133.59 million shares worth N1.60 billion that were traded in 4,292 transactions on Thursday.

BUA Foods led the gainers with a gain of N5.45kobo, moving its share price from N54.50kobo to N59.95kobo.

NEM gained N0.40kobo to move from N4.01 to N4.41kobo per share.

Courtville’s share value was up by 9.80 percent to end trading with N0.56kobo from N0.51kobo per share.

Ikeja Hotel gained N0.11kobo to close at N1.27kobo as against the previous N1.16kobo per share.

Multiverse shares rose by N0.19kobo to end trading at N2.44kobo from N2.25kobo per share.

BUA Cement topped the losers’ chart after shedding N5.85kobo to drop from N58.80kobo to N52.95kobo per share.

Chams share price dropped by 9.68 percent to end trading at N0.28kobo from N0.31kobo per share.

Cutix lost N0.20kobo to end trading with N2.05 from N2.25kobo per share.

Ellah Lakes share dropped from N4.30kob to N4 per share after losing N0.30kobo during trading.

Unity Bank lost 6.52 percent to drop from N0.46kobo to N0.43kobo per share.

CAP Hotel led the day’s trading with 478.20 million shares valued at N3.34 million.

ETranzact sold 77.56 million shares worth N176.85 million.

Wapic followed with 37.07 million shares valued at N14 93 million

FBN Holdings traded 30.52 million shares worth N333.23 million, while UBA traded 13.19 million valued at N92.68 million.