…market sheds additional N931bn
Nigeria’s equities market has erased the gains seen since this year, following further decline on Wednesday by heavyweight stock like Dangote Cement, Transcorp Power and John Holt.
The stock market lost N931 billion at the close of trading. It closed negatively by 1.47 percent on Wednesday, pushing its year-to-date (YtD) return into the negative region by 0.81 percent. This week, the market has decreased by 3.18 percent.
Dangote Cement decreased from preceding day’s N431 to N387.90, down by N43.10 or 10 percent.
John Holt dropped from N9.41 to N8.47, losing 94 kobo or 9.99 percent while Transcorp Power also dipped from N359.90 to N324, losing N35.90 or 9.97 percent.
The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and equities Market Capitalisation decreased from preceding day’s 103,622.09 points and N63.187 trillion respectively to 102,095.95 points and N62.256 trillion.
Universal Insurance, AIICO, Access Holdings, Nigerian Breweries and Livestock Feeds were actively traded stocks as investors in 12,098 deals exchanged 435,541,755 shares worth N9.442 billion.
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