NGX: Investors Suffer ₦40bn Loss As Beta Glass Lead Gainers’ List

Investors in the Nigerian stock market suffered an ₦40 billion loss on the first day of the week after eight hours of trading on Monday.

The loss followed a 0.14 percent dip in equity capitalisation after it crashed from ₦25.31 trillion which was recorded last week Friday to ₦25.27 trillion.

Naija News reports that the All-Share Index was up by 70.37 basis points to close at 46,964.23 compared to 46,893.86 achieved last Friday.

Investors traded 359.89 million shares worth ₦2.61 billion in 5,163 deals on Monday, which surpassed the 177.09 million shares valued at ₦4.18 billion which exchanged hands in 3,873 deals on Friday.

Beta Glass led the gainers’ list, netting ₦5.25kobo to close at ₦58.20kobo from ₦52.95kobo per share.

PZ gained N0.90kobo to rise from ₦9.30kobo to ₦10.20kobo per share while Livestock’s share was up by N0.14kobo to move from ₦1.55kobo to ₦1.69kobo per share.

Linkage Assurance share appreciated by 8 percent to move from N0.50kobo to N0.54kobo per share while Jaiz Bank gained 6.06 percent to end trading with N0.70kobo from N0.66kobo per share.

Learn Africa led the losers’ chart, shedding N0.21kobo to drop from ₦2.17kobo to ₦1.96kobo per share.

Unity Bank’s share dropped by 8.16 percent to end trading at N0.45kobo from N0.49kobo per share.

Caverton’s share depreciated from ₦1.27kobo to ₦1.18kobo per share after losing 7.09 percent during trading.

FCMB lost N0.23kobo to end trading with ₦3.11kobo from ₦3.34kobo per share while Transcorp completed the list after losing 6.54 percent from its market price to drop from ₦1.07 to ₦1 per share.

Transcorp led the day’s trading with 92 million shares valued at ₦92.75 million.

Sterling Bank followed with 50.73 million shares valued at ₦76.61 million.

Fidelity Bank traded 46.67 million shares worth ₦153.61 million.

Linkage Assurance sold 30.51 million shares worth ₦15.27 million, while Access Corp traded 15.45 million valued at ₦156.40 million.