Billions Lost As Nigeria’s Capital Market Continues Downward Trend

The accident in value capitalization by 0.31 percent at the end of exchanging on Thursday has seen financial backers at the Nigerian capital market lose N71.09 billion.

Naija News comprehends that the value capitalisation slammed at the capital market from N22.56 trillion presented on Wednesday on N22.49 trillion for Thursday.

The All-Share Index was somewhere near 136.25 premise focuses to close at 43,108.77 contrasted with 43,245.02 posted on Wednesday.

Financial backers left behind N4.21 billion in return for 266.11 million offers in 3,905 arrangements on Thursday, Ripples Nigeria reports.

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This outperformed the 243.18 million offers worth N3.76 billion exchanged 3,777 arrangements the earlier day.

The gainers list

On the values table, Honeywell Flour beat the gainers’ rundown as its portion cost was up by N0.36kobo to end exchanging at N4.05 from N3.69kobo per share.

AIICO’s portion cost expanded by 8.47 percent to move from N0.59kobo per offer to N0.64kobo per share toward the finish of exchanging.

Great Insurance share cost was up by 8.33 percent to end exchanging with N0.39kobo from N0.36kobo per share.

UPL acquired N0.20kobo to move from N2.50kobo to N2.70kobo per share.

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Ikeja Hotel’s portion cost expanded by N0.10kobo to move from N1.25kobo to N1.35kobo per share.

The washouts’ diagram.

MRS share cost declined from N15.20kobo to N13.70kobo per share subsequent to losing N1.50kobo in its portion cost.

Chams share cost declined from N0.23kobo to N0.21kobo per share subsequent to losing 8.70 percent from its portion cost during exchanging.

Ecobank lost N0.75kobo to end exchanging at N8 from N8.75kobo per share.

Merged Hallmark Insurance share cost dropped by 8.06 percent to end exchanging at N0.57kobo from N0.62kobo per share.

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Solidarity Bank finished the rundown subsequent to shedding 7.27 percent from its portion cost to drop from N0.55kobo to N0.51kobo per share.

Exchanging

Honeywell Flour drove the exchanging with 52.46 million offers worth N209.57 million.

GTCO’s portions were exchanged at a volume of 22.95 million and esteemed at N578.56 million.

Pinnacle Bank followed with 22.88 million offers exchanged worth N559.03 million.

Transcorp revealed 18.46 million offers worth N17.72 million, while Access Bank exchanged 13.93 million offers esteemed at N127.37 million