ARTICLE AD BOX
Investors in the Nigerian equities market lost N888 billion by the close of trading on Tuesday.
This followed a dip in the share prices of stocks such as Dangote Sugar, Trans Power, and TIP, among others, on the trading floor.
The benchmark All-Share Index (ASI) decreased to 249,738.84 points from the 251,125.02 points recorded on the previous trading day.
After five hours of trading on the capital market, equity capitalisation fell to N160 trillion from N160.9 trillion posted by the bourse on Monday.
The market breadth was positive, with 35 stocks advancing, 31 declining, and 82 remaining unchanged in 65,666 deals.
A total of 564,066,148 shares were traded, valued at N27.2 billion.
Austin Laz, Mc Nichols and Intenegins led the gainers’ chart, with 10%, 10% and 9.89% growth in share prices, respectively, to close at N4.40, N7.92 and N4.11 per share, up from N4.00, N7.20 and N3.74 per share.
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Dangote Sugar, Trans Power, and TIP led other price decliners, with declines of 10%, 9.97%, and 9.85%, respectively, to close at N78.30, N245.50, and N27.45 per share, down from N87.00, N272.70, and N30.45 per share, respectively.
On the volume index, Access Holding Co led trading with 80 million shares in 3,105 deals, followed by Zenith Bank, which traded 33 million shares in 3,807 deals.
Mutual Benefit traded 31 million shares in 494 deals.
On the value index, Zenith Bank traded stocks valued at N4.4 billion in 3,807 deals, followed by Aradel, which traded equities worth N4.2 billion in 2, 281 deals.
MTN Nigeria traded shares valued at N2.8 billion in 4,949 deals.
Babajide Okeowo
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