Home Life Style Nigerian stocks lose N518 billion as bearish pattern continues

Nigerian stocks lose N518 billion as bearish pattern continues

by Good News

Wednesday, May perchance likely perchance also 25, 2022

Nigerian Commerce [Photo Creadit: Business Live Nigeria]

The unfavorable sentiment endured on the Nigerian Commerce Ltd. on Tuesday with the market capitalisation declining further by N519 billion to close at N28.006 trillion in opposition to N28.525 trillion on Monday.

In the same vein, the All-Half Index lost by 1.82 per cent to close at 51,949.64 when put next with 52,911.51 recorded on Monday.

Nonetheless, the amount of shares traded on Tuesday appreciated by 25.44 per cent.

Specifically, investors traded 720.19 million shares value N8.867 billion accomplished in 6,096 deals.

This changed into in distinction with 263.34 million shares valued at N3.55 billion exchanged in 4,856 deals on Monday.

An evaluation of the task chart presentations that Ecobank Transnational Integrated (ETI) Bank changed into primarily the most full of life stock, exchanging 257.63 million shares value N2.96 billion.

Jaiz Bank came second with an narrative of 78 million shares valued at N69.74 million, whereas AccessCorp traded 60.52 million shares value N605.03 million.

UACN accounted for 52.17 million shares valued at N673.07 million, whereas Transcorp equipped 31.42 shares value N39.69 million.

Guiness Plc topped the losers’ chart, dropping by 10 per cent to close at N88.20 per allotment.

GSPEC Plc trailed with a decline of 9.77 per cent  to close at N2.77, Mansard dipped by 9.73 per cent to close at N2.04 per allotment.

Chams changed into down by 8.70 per cent to close at 0.21 per cent, whereas Veritas Kapital also lost 8.70 per cent to close at 21k per allotment.

Conversely, Japaul Oil recorded the excellent tag make to lead the gainers’ table, gaining 10 per cent to close at 3k per allotment.

IMG followed with 9.89 per cent  to close at N10, whereas MRS Oil garnered by 9.70 per cent to close at N16.40 per allotment.

Abbey Buildings improved by 9.09 per cent to close at N1.80, whereas Academy Press won by 8.15 per cent to close at N1.45 per allotment.

(NAN)

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