See more as Nigeria stock market investors record over N100 billion loss

• The Nigerian banal marketplace recorded a nonaccomplishment connected Wednesday and could not prolong its beardown show connected Tuesday
• New information showed that the marketplace witnessed selling-off activities arsenic marketplace capitalisation decreased
• ETI, PZ Cussons, Unilever, Haldane McCall, and Learn Africa rerouted the marketplace into the reddish zone

Legit.ng journalist Dave Ibemere has implicit a decennary of concern journalism acquisition with in-depth cognition of the Nigerian economy, stocks, and wide marketplace trends.

The Nigerian banal marketplace posted a Wednesday, April 9, arsenic the marketplace failed to prolong the preceding day’s positive.

Data from the Nigerian Exchange Limited (NGX) All-Share Index (ASI) showed a diminution from its erstwhile precocious of 104,376.73 points to 104,187 points.

Similarly, the equities marketplace capitalisation decreased from N65.589 trillion to N65.470 trillion.

Stock marketplace falls connected Wednesday Photo credit: Pius Utomi Ekpei
Source: Getty Images

The performance connected Wednesday means that investors connected booked astir N119 cardinal nonaccomplishment astatine the extremity of trading, and the marketplace is down by 1.26% this week and 1.39% this month.

Snapshot of the marketplace connected Wednesday

The mediocre performance of the market was led by ETI, PZ Cussons, Unilever, Haldane McCall and Learn Africa.

There were 11,576 deals, equities traders exchanged 376,616,721 shares valued astatine N11.887 billion.

The astir actively traded stocks connected Wednesday included GTCO, Access Holdings, Zenith Bank, UBA, and Mutual Benefits.

Breakdown of the market performance connected Wednesday

Top gainers

• Livestock Feeds gained N0.73 (10.00%), rising from N7.30 to N8.03
• VFD Group added N6.60 (10.00%), expanding from N66.00 to N72.60
• NGX Group roseate by N3.20 (9.86%), climbing from N32.45 to N35.65
• Wapic Insurance gained N0.17 (9.60%), moving from N1.77 to N1.94
• Union Dicon Salt accrued by N0.55 (9.48%), from N5.80 to N6.35

Top losers:

• Hartford MCA Leasing declined by N0.58 (-10.00%), falling from N5.80 to N5.22
• Learn Africa mislaid N0.33 (-10.00%), dropping from N3.30 to N2.97
• Ecobank Transnational Incorporated decreased by N2.95 (-9.90%), from N29.80 to N26.85
• PZ Cussons Nigeria declined by N3.30 (-9.88%), from N33.40 to N30.10
• Unilever Nigeria mislaid N3.75 (-9.75%), falling from N38.45 to N34.70

Most traded stocks (by measurement and value):

• GTCO led trading with 62.88 cardinal shares, valued astatine N4.10 billion
• Access Holdings recorded 51.38 cardinal shares, worthy N1.06 billion
• Zenith Bank traded 32.33 cardinal shares, amounting to N1.52 billion
• UBA saw 22.56 cardinal shares exchanged, valued astatine N775.16 million
• Mutual Benefits Assurance had 18.20 cardinal shares traded, worthy N16.62 million

Naira reverses loss, appreciates by N55 against US dollar

Earlier, Legit.ng reported that successful the currency market, the naira recovered immoderate of its mislaid worth against the US dollar.

However, the Nigerian currency depreciated against the Pound Sterling successful the authoritative marketplace and besides against the euro.

The Central Bank of Nigeria (CBN) is determined to guarantee the naira does not depreciate further successful FX markets.

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Source: Legit.ng