NGX: Equities market slumps further, as investors lose N1.2tr  

Investors in the Nigerian equities market lost N1.2 trillion by the close of trading on Friday.

This followed a dip in the share prices of stocks such as Zichis, FTN Cocoa, and TIP, among others, on the trading floor.

The benchmark All-Share Index (ASI) decreased to 250,330.92 points from the 252,243.11 points recorded on the previous day.

After five hours of trading on the capital market, equity capitalisation fell to N160.4 trillion from N161.6 trillion posted by the bourse on Thursday.

The market breadth was positive, with 47 stocks advancing, 28 declining, and 73 remaining unchanged in 65,744 deals.

A total of 1,084,111,815 shares were traded, valued at N44.2 billion.

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ABC Trans, May & Baker and Scoa led the gainers’ chart, with 10%, 10% and 9.98% growth in share prices, respectively, to close at N6.27, N47.30 and N33.05 per share, up from N5.70, N43.00 and N30.05 per share.

Zichis, FTN Cocoa, and TIP led other price decliners, with declines of 9.97%, 9.95%, and 9.90%, respectively, to close at N29.43, N8.96, and N32.30 per share, down from N32.69, N9.95, and N35.85 per share, respectively.

On the volume index, UBA led trading with 61 million shares in 1,823 deals, followed by First HoldCo, which traded 58 million shares in 1,801 deals.

Secure Electronics traded 51 million shares in 479 deals.

On the value index, Aradel traded stocks valued at N9.4 billion in 3,049 deals, followed by NGX Group, which traded equities worth N6.6 billion in 1,181 deals.

First Holding Company traded shares valued at N4.1 billion in 1,801 deals.

Babajide Okeowo

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