John Holt Aradel, Eterna drag down Nigeria’s equities market as investors lose N208bn

Investors in the Nigerian equities market lost N208 billion at the close of trading on Wednesday.

This followed the dip in the share prices of stocks like JOHN HOLT ARADEL, and ETERNA amongst others on the trading floor.

After five hours of trading at the capital market, the equity capitalization fell to N58.9 trillion from N59.1 trillion recorded by the bourse on Tuesday.

The benchmark All-Share Index (ASI) crashed to 97,296.57 from 97,639.88 recorded the previous day.

The market breadth was negative as 23 stocks advanced and 26 stocks declined, while 73 stocks remained unchanged in 9,385 deals.

SUNU ASSURANCE, GUINEA INSURANCE and CONOIL led other gainers with 9.97%, 8.16% and 6.56% growth each in share prices to close at N4.19, N0.53, and N276.00 from the previous N3.81, N0.49 and N259.00 per share.

JOHN HOLT, ARADEL, and ETERNA led other price decliners with 10%, 9.98%, and 9.88% decline each in share prices to close at N9.90, N473.30, and N22.35 from the previous N11.00, N525.80 and N24.80 per share.

On the volume index, HM CALL led trading with 373 million shares in 342 deals followed by JAPAUL GOLD which traded 285 million shares in 492 deals.

TANTALIZER traded 34 million shares in 110 deals.

On the value index, HM CALL traded stocks worth N2.1 billion in 342 deals followed by GTCO which traded equities worth N1.5 billion in 259 deals.

UBA traded shares valued at N930 million in 680 deals.

By: Babajide Okeowo

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