Investors lose N25 billion in Wednesday’s trading at stock exchange

Market indices were down by 0.09 per cent at the close of trading on Wednesday with market capitalisation closing at N26.753 trillion.

This was a N25 billion decline from N26.778 trillion it posted on Tuesday.

Specifically, the All-Share Index (ASI) fell by 45.19 points or 0.09 per cent to 49,599.73 from 49,644.92 recorded at the previous trading.

Consequently, the Year-to-Date (YTD) return fell to 16.2 per cent.

Analysts at Vetiva Dealing and Brokage 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  losers’ charts respectively.

PZ led the gainers’ chart with 9.76 per cent, closing at N9 per share. NPF Microfinance Bank followed with an appreciation of 4.58 per cent to close N1.60 per share.

UACN rose by 3.64 per cent to close at N11.40, while ABC Transport gained 3.57 per cent to close at 29k per share.

Japaul Gold and Ventures gained by 3.45 per cent to close at 30 kobo per share.

Conversely, Chams led the losers chat with a depreciation of 10 per cent to close at 27k per share.

FCMB followed by dropping by 8.02 per cent to close at N3.21 per share, while MCNichols lost by 7.46 per cent to close at 62k per share.

FTN Cocoa declined by 6.67 per cent to close at 28k, while Cornerstone shed 6.06 per cent to close at 62k per share.

A total of 128.94 million shares valued at N1.67 billion were exchanged in 3,426 deals.

Sterling Bank 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 

(NAN)