Nigeria’s capital market crashes on opening day, investors lose N82.04bn

At the end of trading on Monday, investors in the Nigerian capital market had lost N82.04 billion.

After eight hours of trading today, this indicated a -0.34 percent decline in the value of investments on the capital market, from N23.94 trillion to N23.86 trillion.
In a similar vein, the All-Share Index fell by 150.63 basis points to 43,818.12, which is lower than the 43,968.75 recorded on Friday.

In 3,326 transactions on Monday, investors transacted 187.09 million shares for N2.53 billion.

This was less than the 209.70 million shares worth N2.16 billion that were traded in 2,942 transactions previous week.

FTN Cocoa topped the list of gainers with a share price increase of 9.68 percent, going from N0.31 to N0.34 per share.

Consolidated Hallmark Insurance gained 6.90 percent to move from N0.58kobo to N0.62kobo per share.

Mansard’s share value was up by 5.88 percent to end trading with N1.62kobo from N1.53kobo per share.

Chams gained 4.17 percent to close at N0.25kobo, above its opening price of N0.24kobo per share.

Union Bank’s shares traded upward by N0.20kobo to rise from N5.75kobo to N5.95kobo per share.

John Holt topped the losers’ table after shedding 9.88 percent to drop from N0.81kobo to N0.73kobo per share.

SCOA’s share price dropped by N0.17kobo to end trading at N1.58kobo from N1.75kobo per share.

Prestige lost 7.69 percent to end trading with N0.36kobo from N0.39kobo per share.

Unity Bank lost 5.26 percent to drop from N0.57kobo to N0.54kobo per share.

African Prudential’s share price dropped from N5.35kobo to N5.10kobo per share after losing N0.25kobo during trading.

Access Corporation led the day’s trading with 87.92 million shares valued at 704.47 million.

Zenith Bank traded 19.32 million shares worth N385.78 million

Transcorp sold 10.67 million shares worth N11.61 million.

Unity Bank followed with 10.17 million shares valued at N5.33 million, while NGX Group traded 5.25 million shares valued at N112.84 million.