Stock Market Loses N91billion As Sell Pressure Rages On

The Nigerian equities market for the third consecutive day on Wednesday, July 20, closed trading in the south losing fresh N91bn to sustained sell pressure.

Although trading was held by bear momentum, market turnover closed positive as traded volume and value saw 27.98 per cent and 33.42 per cent increase respectively, though, this did not change the negative trend.

There were however 27 losers against eight gainers and 15 other stocks closing flat, with the trading session leaving the lead indices with massive point losses.

On the gainers’ list, Flourmill Nigeria Plc topped with 2 kobo and closed at N21.7 kobo per share; Dangote Sugar Plc followed with 15 kobo and Premier Breweries Plc with 14 kobo to close at N6.8 kobo and N2.95 kobo respectively.

On the other hand, Dangote Cement Plc led losers’ list with N2.50 kobo to closes at N187.5 kobo per share, Total Plc, N2 loss and Stanbic IBTC Plc, 72 kobo to close at N180 and N14.2 kobo per share respectively.