Equity Investors Lose N176billion in Three Days As Blue Chip Stocks Crash Further

The wealth of investors at the Nigerian Stock Market plunged further by N176 billion in three trading days as trading maintains downward trajectory on Wednesday, July 20.

Specifically, the stock market lead indices, market capitalisation and the All Share Index shed 1.8 per cent each as trading ended in the negative zone.

During the trade session, 27 stocks depreciated in price, led by Oando, shedding 9.56 per cent to close at N5.39 per share. Law union and Rock followed with 7.27 per cent to close at N0.51 per share. Trans National Corporation shed 7.24 per cent to close at N1.41 per share.

Stancbic IBTC dropped 4.83 per cent to close at N14.20 per share. Fidson lost 4.72 per cent to close at N2.02 per share. Honeywell flourmills dropped 4.46 per cent to close at N1.50 per share.

First City Monument Bank and Zenith Bank shed 4.41 and 3.97 per cent to close at N1.30 and N15.50 per share. TigerBrands shed 3.51 to close at N3.85 per share. Livestock shed 3.09 per cent to close at N0.94 per share.

Conversely, eight stocks made the gainers table, as Skye bank emerged the highest price gainer with 8.33 per cent to close at N0.78 per share. Premier Breweries gained 4.98 per cent to close at N2.95 per share.

TransNational Express added 4.95 per cent to close at N1.06 per share. Dangote Sugar Refinery garnered 2.26 per cent to close at N6.80 per share. NPF Micro finance Bank gained 1.06 per cent to close at N0.95 per share.

Flourmills added 0.93 per cent to close at N21.70 per share. Ikeja Hotel gained 0.53 per cent to close at N1.90 percent. Nigerian Breweries also garnered 0.04 per cent to close at N135.10 per share.