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Nigeria’s capital market crashes on opening day, investors lose N82.04bn

Investors in the Nigerian capital market lost N82.04 billion at the close of trading on Monday, IgbereTV reports

This represented a -0.34 percent drop in the value of investments in the capital market from N23.94 trillion to N23.86 trillion after eight hours of trading today.

Similarly, the All-Share Index was down slipped by 150.63 basis points to 43,818.12, down from 43,968.75 posted on Friday.

Investors traded 187.09 million shares worth N2.53 billion in 3,326 deals on Monday.

This fell short of the 209.70 million shares valued at N2.16 billion which exchanged hands in 2,942 deals last week.

FTN Cocoa led the gainers’ list with a 9.68 percent rise in share price, moving from N0.31kobo to N0.34kobo per share.

Consolidated Hallmark Insurance gained 6.90 percent to move from N0.58kobo to N0.62kobo per share.

Mansard’s share value was up by 5.88 percent to end trading with N1.62kobo from N1.53kobo per share.

Chams gained 4.17 percent to close at N0.25kobo, above its opening price of N0.24kobo per share.

 

Union Bank’s shares traded upward by N0.20kobo to rise from N5.75kobo to N5.95kobo per share.

John Holt topped the losers’ table after shedding 9.88 percent to drop from N0.81kobo to N0.73kobo per share.

SCOA’s share price dropped by N0.17kobo to end trading at N1.58kobo from N1.75kobo per share

Anambra man of the year award
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