NGX Trading Falls As Investors Lose N37bn

Investors on the Nigerian Exchange on Thursday lost N37bn due to losses recorded by Stanbic IBTC holdings (-3.02 per cent), Wapic (-6.52 per cent), GlaxoSmithKline (-5.30 per cent), FCMB (-2.17 per cent) and others.

Both the All-Share Index and market capitalisation shed 0.12 per cent to close at 55,956.59 and N 30.468tn, respectively, as the year-to-date returns declined to 9.18 per cent.

A total of 531,784,757 million units of shares were traded in 6,061 deals, 33.74 per cent higher than the previous session.

The traded shares were worth N7.682bn, a 17.52 per cent appreciation to the previous day’s trading figure.

Investors’ sentiments were mostly positive, resulting in 42 gainers and 13 losers.

Etranzact, JapaulGold, Prestige, NSLTech, Sovereign Insurance and Unity Bank with a 10 per cent appreciation in their shares led the gainers, closing at N4.84, N0.44, N0.44, N0.33, N0.44 and N0.66 respectively.

Other gainers included MRS which appreciated 9.96 per cent to close at N59.60 and Eterna, which added 9.80 per cent to close at N13.45.

On the losers’ table was JohnHolt with a 9.68 per cent loss to close at N1.40, Caverton lost 7.14 per cent in its share value to close at N1.30 and Wapic closed at N0.43 after shedding 6.52 per cent of its share price.

Topping both the value and volume charts was United Bank for Africa with 177.48 million shares worth N1.724bn traded in 506 trades.

MTN Nigeria followed on the value chart with N1.203bn worth of shares traded on the NGX, Zenith Bank traded N863.314m worth of its shares in 306 exchanges and Airtel Africa sold 706,214 units of its shares valued at N810.289m in 88 deals.