Market continues free fall as investors lose N97bn

For three consequent trading days of the year, The Nigerian Stock Exchange (NSE) has been trading on negative territory as the market All-Share Index closed at 26,212.09 against the previous close of 26,495.04 while Market Capitalization closed at N9.019 trillion against previous close of trillion ₦9.116, leaving investors with a loss of N97 billion on Thursday.

Investors in the market traded 137.694 million shares in 2,488.00 valued at N898. 709 million shares.

The most appreciated stock for the day was BETAGLAS, from the opening value of N29.00, it closed at N30.00 as it gained N1.00; CAP added N1.00 to its opening value of N32.00, it closed at N33.00; GUARANTY, from its opening value of N22.9, it closed at N23.47 as it gained N0.57; ACCESS rose from its opening value of N5.85 to close at N6.14 having gained N0.29 while OANDO completes the top five gainers of the day rising from N4.30 and closed at N4.54 as it gained N0.24.

The top decliners of the day was led by DANGCEM which opened the day trading at N173.99 and closed at N167.02 as it was marked down by N6.97; GUINNESS recorded price depreciation of N4.15 and from its opening value of N83.05 it closed at N78.9; FO opened the day trading at N83.6 and closed at N80.75 having recorded a loss of N2.85; STANBIC  opened the day trading at N15.63 to close at N15.00  as it was marked down by N0.63 and NAHCO  which began the day trading at N3.16 closed at N2.86 as it recorded value erosion of  N0.30.

The highest traded stock for the day was FIDELITYBK which accounted for 25.057million shares valued at N20.984 million; DIAMONDBNK traded 16. 954 million shares valued at N15.257 million; UCAP traded 11.037 million shares valued at N31. 840 million; TRANSCORP traded 10.929 million at N9. 658 million while UBA traded 9.701 million shares valued at N44.790 million.