NGX: Equities market ends week in red as investors lose N475bn

Investors in the Nigerian equities market closed the week in red with a loss of N475 billion at the close of trading on Friday.

This followed the dip in the share prices of stocks such as Mecure, Meyer, and Daar Comm, among others, on the trading floor.

The benchmark All-Share Index (ASI) decreased to 192,826.77 points from the 193,567.81 points recorded on the previous trading day.

After five hours of trading at the capital market, the equity capitalisation decreased to N123.7 trillion from N124.2 trillion posted by the bourse on Thursday.

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The market breadth was negative, with 17 stocks advancing, 54 declining, and 76 remaining unchanged in 63,759 deals.

A total of 823,829,138 shares were traded, valued at N34.7 billion.

Sovereign Insurance, RT Briscoe, and NGX Group led the gainers’ chart, with 9.95%, 9.93% and 9.78% growth in share prices, respectively, to close at N2.21, N12.51, and N124.00 per share, up from N2.01, N11.38, and N112.95 per share.

Mecure, Meyer, and Daar Comm led other price decliners with a 9.97%, 9.90% and 9.83% dip each in price to close at N75.85, N18.65, and N2.11 per share, down from the previous N84.25, N20.70, and N2.34 per share.

On the volume index, FTG Insure led trading with 193 million shares in 617 deals, followed by Zenith Bank, which traded 120 million shares in 3, 728 deals.

Japaul Gold traded 114 million shares in 1,602 deals.

On the value index, Zenith Bank traded stocks valued at N11.0 billion in 3, 728 deals, followed by GTCO, which traded equities worth N3.7 billion in 2,408 deals.

Aradel traded shares valued at N3 billion in 1,549 deals.

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