Stock market loses N4bn



Transactions on the floor of Nigerian Stock Exchange NSE yesterday closes southward, shedding N4 billion.

Specifically, market capitalisation of listed equities declines by 0.03 per cent to N13.354 trillion from N13.358 trillion reported on Monday.

The NSE All Share Index also fell by 7.63 basis points to  25597.96 points from 25605.59 traded the previous day.

Investors traded 245.139 million shared valued at N3.013 billion in 3597 deals against 257.027 million shares valued at N3.320 billion in 3567 deals.

An analysis of the investment showed that Wapco led gainers table during the day, appreciating by N0.45 kobo to close at N13.50 kobo, Cap Plc followed with a gain of N0.20 kobo to close at N17.00, UAC Property gained N0.08 kobo to close at N0.95 kobo, Ikeja Hotel added N0.08 kobo to close at N0.92 kobo while Guinness Nigeria PLC gained N0.05 kobo to close at N15.50 kobo.

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