NGX: Equities market begins week in red; investors lose N81bn

Investors in the Nigerian equities market lost N81 billion by the close of trading on Monday, to begin the week in the red zone.

This followed a dip in the share prices of stocks such as NCR, Zichis, and IMG, among others, on the trading floor.

The benchmark All-Share Index (ASI) decreased to 250,204.83 points from the 250,330.92 points recorded on the previous trading day.

After five hours of trading on the capital market, equity capitalisation fell to N160.3 trillion from N160.4 trillion posted by the bourse on Friday.

The market breadth was negative, with 33 stocks advancing, 36 declining, and 79 remaining unchanged in 87,096 deals.

A total of 800,463,319 shares were traded, valued at N37 billion.

Oando, UPL and Deap Cap led the gainers’ chart, with 10%, 10% and 9.96% growth in share prices, respectively, to close at N51.70, N5.50 and N5.96 per share, up from N47.00, N5.00 and N5.42 per share.

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NCR, Zichis, and IMG led other price decliners, with declines of 9.99%, 9.99%, and 9.93%, respectively, to close at N161.20, N26.49, and N38.10 per share, down from N179.10, N29.43, and N42.30 per share, respectively.

On the volume index, UBA led trading with 64 million shares in 2,820 deals, followed by Fidelity Bank, which traded 57 million shares in 1,329 deals.

Access Holding Co traded 42 million shares in 3,611 deals.

On the value index, Aradel traded stocks valued at N6.1 billion in 3,444 deals, followed by Seplat, which traded equities worth N2.9 billion in 818 deals.

UBA traded shares valued at N2.8 billion in 2,820 deals.

By: Babajide Okeowo 

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