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Investors in the Nigerian equities market lost N1.6 trillion by the close of trading on Wednesday, to relapse again.
This followed a dip in the share prices of stocks such as Bua Cement, Cap, and E-Tranzact, among others, on the trading floor.
The benchmark All-Share Index (ASI) decreased to 249,062.37 points from the 251,635.42 points recorded on the previous trading day.
After five hours of trading on the capital market, equity capitalisation enjoyed an upward tick to N159.6 trillion from N161.2 trillion posted by the bourse on Tuesday.
The market breadth was negative, with 41 stocks advancing, 25 declining, and 82 remaining unchanged in 58,958 deals.
A total of 600,223,782 shares were traded, valued at N32.7 billion.
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Zichis, ABC Transport and Japaul Gold led the gainers’ chart, with 9.99%, 9.99% and 9.95% growth in share prices, respectively, to close at N32.04, N8.26 and N4.09 per share, up from N29.13, N7.51 and N3.72 per share.
Bua Cement, Cap, and E-Tranzact led other price decliners, with declines of 10%, 9.99%, and 7.03%, respectively, to close at N414.00, N210.35, and N17.20 per share, down from N460.00, N233.70, and N18.50 per share, respectively.
On the volume index, Access Holding Co led trading with 55 million shares in 2,479 deals, followed by Japaul Gold, which traded 49 million shares in 905 deals.
Zenith Bank traded 36 million shares in 3,279 deals.
On the value index, Zenith Bank traded stocks valued at N4.8 billion in 3,275 deals, followed by Aradel, which traded equities worth N3.7 billion in 1, 854 deals.
MTNN traded shares valued at N2.9 billion in 4,391 deals.
Babajide Okeowo
The post NGX: Equities market relapses as investors lose N1.6tr appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.
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