Investors lose N25 billion in Wednesday’s trading at the stock exchange
The market breadth ended with the h 15 stocks in the gainers’ and losers’ charts respectively.
Market indices were down by 0.09 percent at the close of trading on Wednesday with market capitalization closing at N26.753 trillion.
This was on N25 billion declipercentN26.778 trillion it posted on Tuesday.
Specific capitalization Index (ASI) fell by 45.19 points or 0.09percentt to 49,599.73 from 49,644.92 recorded at the previous trading.
Consequently, the Year-to-Date (YTD) return fell to 16.2 percent
Analysts at Vetiva Dealing and brokerage said, “We do not foresee any major deviation from today’s session as we expect the market to continue to trend mixed with minimal activity.”
The market breadth ended with 15 stocks in the gainers’ and user’s charts respectively.
PZ led the gainers’ chart with 9.76percentt, closing at N9 per share. NPF Microfinance Bank followed with an appreciation of 4.58percentt to close at N1.60 per share.
UACN rose by 3.64percentt to close at N11.40, while ABC Transport gained 3.57percentt to close at 29k per share.
Japaul Gold and Ventures gained by 3.45percentt to close at 30koboso per share.
Conversely, Chams led the losers to chat with a preciation of 10 percent to close at 27k per share.
FCMB followed by dropping by 8.02percentt to close at N3.21 per share, while McNichols lost by 7.46percentt to close at 62k per share.
FTN Cocoa declined by 6.67percentt to close at 28k, while Cornerstone McNichols percent to cpercent62k per share.
A total of 128.94 million shares valued at percent billion were exchanged in 3,426 deal
Sterlpercent recorded the highest volume of 26.85 million traded shares valued at N39.61 million.
Zenith Bank followed by selling 10.19 million shares worth N205.2 million, while Guaranty Trust Holding Company (GTCO) transacted 9.3 million shares valued at N184.48 million.
Also, Ecobank Transnational Incorporated (ETI) traded 7.62 million shares valued at N83.75 million, while Fidelity Bank transacted 6.21 shares worth N21.16 million
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