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Investors lose N182.3bn as massive sell-off grips Nigeria’s capital market

Investors in the Nigerian capital market lost N182.3 billion following the dip in equity capitalization by -0.63% at the close of trading on Wednesday, IgbereTV reports

The loss which was induced by a massive sell-off among investors, brought down the total investment at the bourse to N28.45 trillion, down from N28.63 trillion posted on Tuesday.

Similarly, the All-Share Index was down by 338.24 basis points to close at 53,113.64 compared to 52,775.4 achieved the previous day.

Investors traded 188.09 million shares worth N2.36 billion in 4,890 deals on Wednesday.

This, however, fell short of the 299.99 million shares valued at N3.09 billion which exchanged hands in 5,394 deals on Tuesday

Tripple G led the gainers with 9.20 percent to move from N0.87kobo to N0.95kobo per share.

Learn Africa gained N0.13kobo to move from N2.37kobo to N2.50kobo per share.

Unity Bank’s share was up by 2.13 percent to end trading with N0.48kobo from N0.47kobo per share.

AIICO gained 1.56 percent to close at N0.65kobo from N0.64kobo per share

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