Investors in the Nigerian capital market lost N120 billion as significant sell-off hit the bourse on Monday, IgbereTV reports
This followed the drop in equity capitalization from N27.35 trillion to N27.23 trillion after eight hours of trading on Monday.
Monday’s loss was driven by the All-Share Index which slipped from 50,722.33 to 50,489.73 after shedding 232.6 basis points on the trading floor.
Investors traded 207.19 million shares worth N2.11 billion in 4,234 deals at today’s session.
This surpassed the 148.81 million shares valued at N1.92 billion traded by investors in 4,091 deals on Friday.
Japaul Gold led the gainers with 8.82 percent rise in share price to move from N0.34kobo to N0.37kobo per share.
Honeywell Flour gained N0.16kobo to move from N2.79kobo to N2.95kobo per share.
Cornerstone’s share value was up by 5.63 percent to end trading with N0.75kobo from N0.71kobo per share.
