NGX: Equities market begins week with  N1.3tr loss for investors

Investors in the Nigerian equities market lost N1.3 trillion at the resumption of trading on Monday.

This followed a dip in the share prices of stocks such as  Consolidated Hallmark Plc, Deap Cap, and GTCO,  among others on the trading floor.

The benchmark All-Share Index (ASI) crashed to 199,014.02 points from  201,156.85 points recorded on the previous day.

After five hours of trading on the capital market, equity capitalisation fell to N127.7 trillion from N129.1 trillion posted by the bourse on Wednesday.

The market breadth was negative, with 31 stocks advancing, 38 declining, and 78 remaining unchanged in 139,458 deals.

READ ALSO:NGX: Bearish sentiment persists in stock market as investors lose N367bn

A total of 848,835,930 shares were traded, valued at N53.3 billion.

Presco, Zichis and John Holt led the gainers’ chart, with 10%, 9.91% and 9.70% growth each in share prices, respectively, to close at N1,871.20, N9.43, and N13.00 per share, up from N1,701.10, N8.58, and N11.85 per share.

Consolidated Hallmark Plc, Deap Cap, and GTCO led other price decliners with a 9.64%, 8.37% and 8.18% dip each in price to close at N4.50, N5.91, and N105.00 per share, down from the previous N4.98, N6.45, and N114.35 per share.

On the volume index, UBA led trading with 114 million shares in 3,866 deals, followed by Wema Bank, which traded 111 million shares in 1,726 deals.

Access Holding Plc traded 54 million shares in 5,115 deals.

On the value index, MTN Nigeria traded stocks valued at N17.4 billion in 16,576 deals, followed by UBA, which traded equities worth N5.5 billion in 3, 866 deals.

Zenith Bank traded shares valued at N4.0 billion in 8,691 deals.

Babajide Okeowo

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