Investors in the Nigerian capital market lost N599 billion at the close of trading on Wednesday.
This followed the dip in the share prices of stocks like UPL, OANDO, and NASCON amongst others on the trading floor today.
After five hours of trading at the capital market, the equity capitalization crashed to N53.04 trillion from N54.4 trillion recorded by the bourse on Tuesday.
The All-Share Index (ASI) also decreased to 95,831.51 from 95,895.92 recorded the previous day.
The market breadth was positive as 26 stocks advanced and 18 declined, while 70 others remained unchanged in 8,813 deals.
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IKEJA HOTEL, RT BRISCOE, and CUTIX led other gainers with 10%, 9.76% and 9.66% growth each in share prices to close at N7.70, N2.25, and N3.18 from the previous N7.00, N2.05, and N2.90 per share.
On the flip side, UPL, OANDO, and NASCON led other price decliners as they shed 9.40%, 8.66%, and 8.39% each to close at N2.41, N39.55, and N32.20 from the initial N2.66, N43.30, and N35.15 per share.
On the volume index, OANDO led trading with 66 million shares valued at N2.6 billion in 1, 795 deals followed by GTCO which traded 45 million shares valued at N2.08 billion in 309 deals.
CUTIX traded 29 million shares valued at N93 million in 410 deals.
On the value index, OANDO recorded the highest value for the day trading stocks worth N2.6 billion in 1,795 deals followed by GTCO which traded equities worth N2.08 billion in 309 deals.
ACCESS CORP traded shares valued at N312 million in 463 deals.
By: Babajide Okeowo
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