Stock Market Investors Halt Bearish Trading, Gain N1bn

Cutix up by 5.12 per cent to close at N2.26, while Fidelity Bank appreciated by 3.02 per cent to close at N3.41, per share. On the other hand, Red Star Express led the losers’ chart by 10 per cent to close at N2.43, per share. PCaverton Offshore Support Group followed with a decline of 4.55 per cent to close at N1.05, while Livestock Feeds lost 4.31 per cent to close at N1.11, per share.Sovereign Trust Insurance declined 3.70 per cent to close at 26 kobo, while Lasaco Assurance shed 3.

The total volume of trades increased by 85.1 per cent to 160.244 million units, valued at N1.488 billion and exchanged in 3,847 deals. Transactions in the shares of Zenith Bank topped the activity chart with 26.736 million shares valued at N536.650 million. Courteville Business Solutions followed with 24.102 million shares worth N11.328 million, while Transnational Corporation of Nigeria traded 16.249 million shares valued at N16.992 million.

International Energy Insurance traded 12.768 million shares valued at N20.429 million, while Chams transacted 9.314 million shares worth N3.224 million.

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Stock market loses N38bn as 13 equities declineThe equities market of the Nigerian Exchange Limited declined by N38bn at the end of trading on Monday as 13 firms saw their share prices fall. Continue. Very soon we will lose the whole country. Even a gain at the NGX in these perilous times, remains a loss - the collapsing naira value ensures that. To properly calculate this loss, the exchange rate of $ to naira should be factored in 😢
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