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Stock market falls further, investors lose N38bn

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Trading activities on the floor of the Nigerian Stock Exchange closed on a negative note on Wednesday to sustain negative sentiment following losses recorded by some blue-chip firms.

The All-Share Index dropped by 72.41 basis points or 0.28 per cent to close at 25,424.91 as against 25.497.32 the previous day while the market capitalisation of equities depreciated by N38bn to close at N13.26tn from N13.30tn.

The premium subsector was the most active during the day , with 130.03 million shares traded by investors in 1,725 deals. The banking subsector was boosted by activities in the shares of Wema Bank Plc and Guaranty Trust Bank Plc, with a turnover of 49.93 million shares traded in 733 deals. PZ Cussons Plc followed with a gain of 6.25 per cent to close at N4.25 per share while Custodian Investment Plc gained 3.13 per cent to close at N4.95 per share.

 

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