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Stock Market Investors Lose N6bn

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Stock Market Investors Lose N6bn Business

The All-Share Index declined by 12.03 per cent, representing a decrease of 0.02 per cent, to close at 54,924.08 points. Similarly, the overall market capitalisation value lost N6 billion to close at N29.921 trillion.

The market negative performance was driven by price depreciation in large and medium capitalised stocks which are; NCR Nigeria, Nigerian Aviation Handling Company , Access Holdings, United Capital and AXA Mansard Insurance. The market breadth was negative as 17 stocks lost relative to 14 gainers. SUNU Assurance recorded the highest price gain of 9.09 per cent to close at 48 kobo, per share. Transcorp Hotels followed with a gain of 8.32 per cent to close at N6.90 and Academy Press up by 7.50 per cent to close at N1.29, per share.

Regency Alliance Insurance rose by 7.14 per cent to close at 30 kobo, while Associated Bus Company gained 5.71 per cent to close at 37 kobo, per share. On the other hand, NCR Nigeria led the losers’ chart by 9.96 per cent to close at N2.35, per share. Linkage Assurance followed with a decline of 8.70 per cent to close at 42 kobo, while AXA Mansard Insurance lost 7.50 per cent to close at N1.85, per share.

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