NSE: Investors lose N130bn as stocks plummet

Investors in the nation’s stock market lost N130bn on Thursday as share prices of 30 companies drop at the end of trading.
The Nigerian Stock Exchange All-Share Index fell by 0.63 per cent to 40,212.19 basis points from 40,465.32bps on Wednesday.
The market capitalisation of listed equities dropped by N130bn to N21.04tn from N21.17tn on Wednesday.
A total of 426.27 million shares valued at N4.75bn were traded in 4,972 deals at the end of trading on the floor of the NSE on Thursday.
University Press Plc led the losers on Thursday as its share price declined by 9.09 per cent to close at N1.20.
It was followed by Chams Plc and UPDC Real Estate Investment Trust, whose share prices shed 8.33 per cent and 7.76 per cent to close at N0.22 and N5.35 respectively.
Multiverse Mining and Exploration Plc fell by 7.69 per cent to close at N0.24 per share, while Japaul Gold & Ventures Plc was down by 5.56 per cent to close at N0.68 per share.
Ten stocks recorded price appreciation at the end of trading, with RT Briscoe Nigeria Plc, Cornerstone Insurance Plc, Royal Exchange Plc, Nigerian Aviation Handling Company Plc, and Niger Insurance Plc emerging the biggest gainers.
RT Briscoe gained 10 per cent to close at N0.22 per share while Cornerstone Insurance rose by 8.47 per cent to close at N0.64 per share.
Royal Exchange appreciated by eight per cent to close at N0.27 per share; NAHCO increase by 6.51 per cent to close at N2.29 per share; while Niger Insurance gained 4.55 per cent to close at N0.23 per share.

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