The share price fell by 1.82 percent at the closing of trading on Tuesday, which caused the Nigeria capital market to crash. Due to the sell-off in Guinness, Dangote Cement, and other companies, the value of investments in the capital market decreased by N440 billion, from N24.11 trillion to N23.67 trillion.
The All-Share Index also experienced a similar decline, falling 807.83 basis points to settle at 43,461.6 ASI, down from the previous day’s high of 44,269.43.
In 3,283 transactions on Tuesday, investors spent N2.50 billion to purchase 249.91 million shares. This was more than the N2.13 billion owners paid for 103.26 million shares in 3,206 transactions the day before.
- Unity Bank topped the list of gainers with a share price increase of 10%, going from N0.40 to N0.44 per share.
- Thomas Wyatt increased its share price from N0.35 to N0.38 by 8.57 percent.
- The share price of Jaiz Bank increased by 6.38 percent to N1 from N0.94kobo at the close of trade.
- Fidson gained N0.49kobo to close at N8.99kobo, above its opening price of N8.50kobo per share.
- Geregu’s shares traded upward by N5.90kobo to rise from N115.90kobo to N121.80kobo per share.
- Guinness topped the losers’ table after shedding N8.25kobo to drop from N82.90kobo to N74.65kobo per share.
- Custodian’s share price dropped by N0.55kobo to end trading at N5.35kobo from N5.90kobo per share.
- Dangote Cement lost N20 to end trading with N220 from N240 per share.
- Courtville lost 8 percent to drop from N0.50kobo to N0.46kobo per share.
- NEM’s shares dropped from N4 to N3.70kobo per share after losing N0.30kobo during trading.
- Access Corp led the day’s trading with 128.73 million shares valued at 1.03 billion.
- FBN Holdings traded 19.49 million shares worth N192.82 million
- Transcorp sold 17.35 million shares worth N18.23 million.
- Fidelity Bank followed with 14.90 million shares valued at N59.86 million, while GTCO traded 14.59 million shares valued at N255.81 billion.