Investors lose N326bn on NGX

The equities marketplace closed connected a antagonistic enactment connected Tuesday, arsenic marketplace capitalisation dropped by N326 billion, oregon 0.4 percent.

Specifically, the marketplace capitalisation closed astatine N89.198 trillion compared to the opening worth of N89.524 trillion.

Similarly, the All-Share Index (ASI) declined by 568.62 points oregon 0.4 per cent, ending the time astatine 140,929.60, down from 141,498.22 recorded connected Monday.

The downturn was chiefly driven by profit-taking successful cardinal stocks similar Dangote Sugar, Wema Bank, Secure Electronic Technology, Access Corporation, Aradel Holdings and 30 others.

Also, the marketplace breadth closed antagonistic with 35 losers against 16 gainers.

Dangote Sugar led the decliners’ table, dropping by 10 per cent to adjacent astatine N54. Wema Bank followed, falling by 8.27 per cent to settee astatine N18.85, portion Secure Electronic Technology mislaid 6.25 per cent, closing astatine 75k per share.

Access Corporation dipped by 4.98 per cent, finishing astatine N24.80, and Aradel Holdings decreased by 4.76 per cent, ending the league astatine N560 per share.

Conversely, Thomas Wyatt Nigeria led the advancers’ table, expanding by 9.80 per cent, closing astatine N2.80, portion Chellaram grew by 9.59 per cent, settling astatine N16 per share.

RT Briscoe gained by 9.50 per cent, closing astatine N3.29, and Custodian Investment roseate by 9.40 per cent, ending the league astatine N48.30 per share.

Also, NGX Group soared by 6.99 percent, closing astatine N58.95 per share.

A survey of marketplace enactment revealed an summation successful marketplace measurement and value, accompanied by a diminution successful deals, arsenic 759.1 cardinal shares worthy N25.7 cardinal were exchanged crossed 23,657 transactions.

This compares to 488.5 cardinal shares, valued astatine N13.7 billion, that were traded successful 28,621 deals.

Meanwhile, Consolidated Hallmark Holdings topped the enactment illustration successful presumption of volume, with 169.6 cardinal shares worthy N644.7 million.

Zenith Bank followed with 104.4 cardinal shares valued astatine N6.9 billion, portion FirstHoldCo transacted 100.9 cardinal shares worthy N3.2 billion.

Fidelity Bank sold 52.5 cardinal shares valued astatine N1.1 billion, and GTCO traded 45 cardinal shares worthy N4.1 billion.

Vanguard News

The station Investors suffer N326bn connected NGX appeared archetypal connected Vanguard News.