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Nigeria: Investors lose N102.7bn as market continues free fall

Oct 10, 2019

Investors, on Wednesday, lost N102.7 billion in the trading session on the Nigerian Stock Exchange (NSE).

Market capitalisation dropped to N12.9 trillion from N13 trillion the previous day.

The All Share Index closed at 26,598.94, shedding 0.79%. Year to date, the market is down by 15.37%.

Top 5 trades

591 million shares valued at N7 trillion were traded in 2,907 deals. the top 5 trades by volume include Custodian Investment Plc 348 million shares valued at N2.5 billion traded in 6 deals. A new investor may be taking position in the insurance company.

Access Bank traded 52.5 million shares valued at N383 million in 193 deals. 28 million Lafarge Africa shares valued at N450 million were traded in 76 deals. GTBank traded 21.8 million shares valued at N583 million in 294 deals. Guinness Nigeria rounds it up with 20 million shares valued at N607 million traded in 76 deals.

Top 5 gainers

On the top gainers for today Learn Africa resurrected to the top of the gainers’ chart with a 9.80% gain to close at N1.12. Chams Plc gained 8.33% and closed at N0.26 to earn the second top gainer. Chams closed on the losers’ side during yesterday’s trade.

Cornerstone Insurance gained 8.33% to close at N0.39. Jaizbank gained 4.26% to close at N0.49. the stock was among the top performing stocks of last week, closing by 4.55%.

Access Bank, which was one of the top traded stock for today closed at N7.35, gaining 2.80%.

Top 5 losers

Nestle captained the losers’ ship with a 15% loss to close at N1,209.30. PZ Cussons Plc lost 10% to close at N6.30. NCR Nigeria Plc lost 9.09% to close at N4.50.

Guinness Nigeria closed at N30, losing 7.69%. United Capital Group Plc (Ucap) rounds up top losers’ chart with a 6.98% loss to close at N2.

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