Investors In Share-Trading loss N595 Billion

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Market investors during the shares and stock trading lost N569 billion, which make the overall capital drop. The loss was the sixth stock loss.

According to the report shown, the market capitalization dropped to N28.300 trillion due to the loss in the value of investors' trading. The shares fell representing a decrease of 1.96 percent.

Speaking on the companies that were affected by the loss of medium and large capitalized stock are Airtel Africa, Lafarge Africa, and others.

According to United Capital Plc, this week said "We expect the bearish sentiments to continue in the market, supported by the illiquidity in the financial system. Subsequently, investors may favor the fixed-income market over the equities market.

“However, the low prices and valuations provide an opportunity for BUY-SIDE to re-enter the market and take positions ahead of the Q1, 2023 earnings season.”

According to the report, Carverton offshore support group has the highest price gain in the market which is 8.25 percent, to close at N1.05, then Nigerian Aviation Handling Company which again has 3.06 % to close at N 10.10 per share. The market investors close on a bad note as there is a stock decrease.

 According to the report shown, Transnational Corporation (Transcorp) appreciated by 2.19 percent to close at N1.40, while Sterling Financial Holdings Company gained 1.35 percent to close at N1.50, per share. On the other hand, Airtel Africa led the losers’ chart by 10 percent to close at N1,198.00, while Royal Exchange and Consolidated Hallmark Insurance followed with a decline of 9.09 percent each to close at 60 kobos each,  per share.

Multiverse Mining and Exploration shed 8.75 percent to close at N2.40, while Neimeth International Pharmaceuticals shed 8.28 percent to close at N1.33, per share.

Speaking on the total volume of trade it was increased by  545.60 percent to 1.723 billion units, valued at N4.790 billion, and exchanged in 4,286 deals.

It was made known that, Transactions in the shares of Transcorp topped the activity chart with 1.554 billion shares valued at N2.102 billion.

A clear report was shown that some Banks have the highest trades shares, this is shown below, the  United Bank for Africa (UBA) traded 20.984 million shares valued at N179.518 million, Fidelity Bank traded 8.395 million shares valued at N44.552 million, while Royal Exchange transacted 6.434 million shares worth N3.879 million.

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