Stock 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.

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