NGX: Equities market closes the week in red as investors lose N165bn

The Nigerian equities market ended the week in the red zone on Friday as investors lost N165 billion at the close of the day’s trading.

This followed a dip in the share prices of stocks like John Holt Plc, Lasaco Assurance, and Guinea Insurance, among others, on the trading floor.

The benchmark All-Share Index (ASI) crashed to 140,295.49 points from the 140,557.24 points recorded on the previous day.

After five hours of trading at the capital market, the equity capitalisation dropped to N88.7 trillion from N88.9 trillion posted by the bourse on Thursday.

The market breadth was negative with 19 stocks advancing, 3 stocks declining, and 86 stocks remaining unchanged in 25,609 deals.

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Learn Africa, Union Dicon Salt, and Prestige Assurance Company led other gainers with 9.86%, 8.04% and 6.75% growth each in prices to close at N7.80, N12.10, and N1.74 from the previous N7.10, N11.20, and N1.63 per share.

John Holt Plc, Lasaco Assurance, and Guinea Insurance led other price decliners with 10%, 9.64% and 7.79% dip in share prices to close at N6.30, N3.00, and N1.42 from the previous N7.00, N3.32, and N1.54 per share.

On the volume index, VFD Group led trading with 49 million shares in 227 deals, followed by Secure Electronic Technologies, which traded 31 million shares in 230 deals.

Access Holdings Plc traded 26 million shares in 1,476 deals.

On the value index, Guaranty Trust Holdings traded stocks valued at N1.9 billion in 1,422 deals, followed by Zenith Bank, which traded equities worth N1.1 billion in 1,621 deals.

Lafarge Wapco traded shares valued at N932 billion in 355 deals.

Babajide Okeowo

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