Royal Exchange, RT Briscoe among top losers as investors drop N313bn –

The market capitalization of shares in the Nigerian capital market plummeted to N29.91 trillion at market close on Thursday.

The figure was -1.03 percent or N313.01 billion lower than the N30.22 trillion reported by the capital market on Wednesday.

Likewise, the all-share index fell 574.59 basis points to close at 55,490.2, down from 54,915.61 recorded in the previous day’s exchange.

Investors traded 137.28 million shares worth N1.50 billion in 3,489 trades on Thursday.

However, this was lower than the 181.18 million shares worth 3.40 billion guilders traded by shareholders in 3,908 trades on Wednesday.

Chams led the list of gainers with an 8.70% stock price increase from N0.23kobo to N0.25kobo per share.

Shares of UPL rose by N0.14kobo to close at N1.99kobo from N1.85kobo per share.

Living Trust gained N0.10 kobo, up from N2.97 kobo per share to N3.07.

Sterling Bank rose 2.67% to close at N1.54kobo, above its opening price of N1.50kobo.

Also read:NGX: Sterling and Zenith among top stocks as investors lose N35.6bn on sell-off

Shares in Zenith Bank rose by N0.60kobo, from N23.85kobo to N24.45kobo per share.

ETI topped the list of losers after dropping N1.20kobo from N12 per share to N10.80kobo.

IMG’s share price fell N0.75kobo from N8.05 per share to close at N7.30kobo.

The Royal Exchange closed trading at N0.67kobo from a loss of N0.73kobo per share to N0.67kobo.

Shares in RT Briscoe fell from N0.26kobo to N0.24kobo per share after falling 7.69% during the session.

International Energy Insurance fell 6.92%, from N1.30kobo per share to N1.21kobo.

Transcorp led the day’s trading with 26.08 million shares worth 33.97 million guilders.

Zenith Bank traded 14.72 million shares worth N353.89 million.

Sterling Bank sold 13.23 million shares worth N20 million.

UBA followed with 10.24 million shares worth N81.38 million, while Access Corp traded 7.62 million shares worth N66.2 million.

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