Stock investors lose N258.85bn – Daily Trust

Investors in Nigeria’s equities market, yesterday, saw the value of their investments declined by N258.85bn as the NGX All-Share Index declined by 0.66%, closing at 70,946.83 basis points, compared to the previous day’s gain of 0.08%, which closed at 71,419.87 basis points.

The NGX ASI year-to-date return is at 38.43%. Market activities measured by volume traded decreased by 0.72%

UNIVINSURE was the most traded stock by volume with N58.85m, while AIRTELAFRI was the most traded stock by value with N3.27bn units traded.

At the close of trading, the market recorded 33 gainers, 26 losers, and 58 unchanged. Top 3 gainers were Thomas Wyatt Nigeria (10.00%), FBN Holdings (9.93%) and DAAR Communication (9.68%) while the top 3 losers were BUA Cement (-10.00%), McNichols Consolidated (-9.33%), and Computer Warehouse Group (-7.50%).

The share price of BUA Cement decreased from N104 to N93.60, shedding N10.40 or 10 per cent. CWG was also down from N7.20 to N6.66, down by 54kobo or 7.50 per cent, while UPDC dipped from N1.26 to N1.17, losing 9kobo or 7.14 per cent.

Universal Insurance, Transcorp, GTCO, Unity Bank and UBA were actively traded stocks as investors in 6,433 deals exchanged 358,527,122 shares valued at N7.100billion.

Analysts at Parthian Securities Limited predicted a mixed sentiment at today’s trading session as investors continue to approach the market with caution.