In One Month, Stock Market Investors Gain N332bn
Stock investors in the Nigerian Exchange Limited gained N332bn in August as the market capitalisation of equities market grew to N20.43tn.
They, however, lost N18.46bn on Wednesday, the first trading day of September.
The NGX All-Share Index decreased by 0.09 per cent to close at 39,184.18 basis points while the market capitalisation dropped to N20.42tn.
The volume of shares traded fell by 60.23 per cent to 169.30 million shares worth N1.42bn in 3,449 deals from Tuesday’s 425.66 million share valued at N1.97bn in 4,553 deals.
All sectoral indices except the NGX Industrial index, which stood flat, depreciated at the end of trading on the floor of the NGX.
The Banking, Oil & Gas, Consumer Goods and Insurance dropped by 0.23 per cent, 0.08 per cent, 0.62 per cent and 0.20 per cent respectively. NGX Premium (0.05 per cent) and Main Board indices (0.13 per cent) also saw red at the end of the day.
Measured by market breadth, the investor sentiment was negative as 17 equities recorded losses as against nine gainers on Wednesday.
FTN Cocoa Processors Plc recorded the biggest loss as its share price dropped by 8.77 per cent to N0.52 per share. Morison Industries came next with a 5.42 per cent loss to close at N1.92 per share.
Other major losers were UPDC Plc, Jaiz Bank Plc, and Wema Bank Plc.
The gainers’ table was topped by AIICO Insurance Plc with a 4.04 per cent increase, closing at N1.03 per share.
Custodian Investment Plc rose by 3.15 per cent to close at N6.55 per share. Fidson Healthcare Plc, Fidelity Bank Plc and Livestock Feeds Plc gained 2.80 per cent, 2.55 per cent and 0.5 per cent, respectively.