{"id":73595,"date":"2023-07-05T06:12:12","date_gmt":"2023-07-05T05:12:12","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=73595"},"modified":"2023-07-05T06:14:16","modified_gmt":"2023-07-05T05:14:16","slug":"wemabank-lasaco-and-pz-amongst-other-equity-loses-results-in-market-tumbling-by-n671bn","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/wemabank-lasaco-and-pz-amongst-other-equity-loses-results-in-market-tumbling-by-n671bn\/","title":{"rendered":"WEMABANK, LASACO And PZ Amongst Other Equity Loses Results In Market Tumbling By N671 Billion"},"content":{"rendered":"
\n

… as most traded stocks where FCMB, STERLING and TRANSCORP<\/p>\n<\/div>\n

\n

\nStock investors recorded a significant loss of N671bn on Tuesday at the Nigerian equity market which had posted a strong start at the beginning of the second half of the year.<\/p>\n

\"WemaThe All-Share Index closed at 60,715.04 index points, 1.99 per cent less than the 61,949.24 index points it recorded at the end of the previous trading day.<\/p>\n

In a remarkable one-day loss, the market value of shares fell by N671bn, (1.99 per cent), to N33.06tn at the close of trading. This was from N33.731tn recorded in the previous day\u2019s session.<\/p>\n

CHIPLC, ETERNA, and CHAMS topped the gainers list, appreciating by 10 per cent, 9.96 per cent and 9.88 per cent, respectively.<\/p>\n

\"\"LASACO, PZ, and WEMABANK led the losers, going down by -13.86 per cent, -10.00 per cent and \u20139.98 per cent respectively.<\/p>\n

The value of shares exchanged stood at N12.21bn, 13.03 per cent lower than the N14.04bn recorded in the previous day\u2019s session.<\/p>

\r\n
Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

In terms of volume, 1.11 billion shares were exchanged, in contrast to 1.20 million traded during the previous session.<\/p>\n

FCMB, STERLING and TRANSCORP ranked as the most traded stocks, with 180.75 million, 107.54 million and 105.87 million units of shares traded respectively.<\/p>\n

\"\"Value-wise, the top three traded shares were ACCESSCORP (N1.34bn), UBA (N1.12bn), and FCMB (N981.47m).<\/p>\n

Tuesday\u2019s bearish trend brings to an end a market rally that saw investors record impressive gains to close the first half of the year on a positive note.<\/p>\n

The N671bn loss eclipses the N533bn gain recorded on Monday, as investors chose to take profit following an impressive market rally streak.<\/p>\n<\/div>\n<\/p>","protected":false},"excerpt":{"rendered":"

Stock investors recorded a significant loss of N671bn on Tuesday at the Nigerian equity market which had posted a strong start at the beginning of the second half of the year.<\/p>\n","protected":false},"author":6,"featured_media":73596,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17],"tags":[8539],"coauthors":[2391],"class_list":["post-73595","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-news","tag-ngx"],"yoast_head":"\nWEMABANK, LASACO And PZ Amongst Other Equity Loses Results In Market Tumbling By N671 Billion - National Wire<\/title>\n<meta name=\"description\" content=\"Stock investors recorded a significant loss of N671bn on Tuesday at the Nigerian equity market which had posted\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/wemabank-lasaco-and-pz-amongst-other-equity-loses-results-in-market-tumbling-by-n671bn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"WEMABANK, LASACO And PZ Amongst Other Equity Loses Results In Market Tumbling By N671 Billion - 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