Stock market drops 0.23%, investors lose N151bn

The Nigerian stock market on Friday witnessed a downturn as efficiency indices declined by 0.23 per cent.
Particularly, the Nigerian Substitute Ltd. (NGX) market capitalisation fell by N151 billion or 0.23 per cent to N66.717 trillion from N66.868 trillion recorded on Thursday.
Also, the All-Section Index dropped by 0.23 per cent or 242 points to close at 106,538.60 towards 106,780.72 posted the day gone by.
Within the intervening time, the market breadth closed certain with 34 gainers and 19 losers.
On the gainers’ chart, Livestock Feeds soared by 9.87 per cent to close at N8.35, followed by HoneyFlour, which gained 9.80 per cent to close at N13.Forty five per share.
Eunisell Interlinked increased by 9.69 per cent to close at N10.75 whereas Might and baker Nigeria rose by 9.66 per cent to close at N9.95 per share.
Also, Tantalizer edged by 9.28 per cent to close at N2.59 per share.
Within the intervening time, on the losers’ chart, Ikeja Hotel lost by 9.70 per cent, to close at N10.70, whereas Transnational Corporation declined by 9.46 per cent at N46.90 per share.
First City Monument Bank fell by 7.61 per cent to close at N9.10, whereas Caverton Offshore Enhance Neighborhood depreciated by 5.80 per cent to close at N2 60 per share.
Also, ABC Transport dropped by 5.06 per cent to close at N1.50 per share.
An total of 349,18 million shares worth N9.74 billion had been exchanged across 11,911 transactions, when compared with 375.73 million shares worth N10.185 billion exchanged across 11,447 transactions recorded at the outdated piece
Transactions in shares of Zenith Bank topped the exercise chart with 42.150 million shares worth N2.015 billion.
Fidelity Bank followed with 35.94 million shares valued at N624.13 million whereas Glean entry to Corporation transacted 31.49 million shares worth N764.90 million.
United Bank for Africa sold 23.990 million shares valued at N897.80 million whereas Tantalizer transacted 23.064 million shares worth N59.179 million.