NGX: Equities market snaps bullish streak as investors lost N1.1trn

Investors in the Nigerian equities market lost N1.1 trillion at the close of trading on Tuesday.

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

The benchmark All-Share Index (ASI) decreased to 194,484.52 points from the 196,263.55 points recorded on the previous trading day.

After five hours of trading at the capital market, the equity capitalisation decreased to N124.8 trillion from N125.9 trillion posted by the bourse on Monday.

The market breadth was negative, with 27 stocks advancing, 40 declining, and 81 remaining unchanged in 72,218 deals.

A total of 1,137,404,484 shares were traded, valued at N53.3 billion.

Jaiz Bank, Infinity, and FCMB led the gainers’ chart, with 10%, 9.83% and 9.72% growth in share prices, respectively, to close at N12.76, N19.00, and N13.55 per share, up from N11.60, N17.30, and N12.35 per share.

Daar Comm, Tantalizers, and Bua Foods led other price decliners with a 10%, 10% and 9.99% dip each in price to close at N2.25, N4.86, and N760.60 per share, down from the previous N2.50, N5.40, and N845.00 per share.

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On the volume index, Japaul Gold led trading with 102 million shares in 2,451 deals, followed by Access Holding Plc, which traded 97 million shares in 2,442 deals.

FTG Insure traded 75 million shares in 35 deals.

On the value index, Aradel traded stocks valued at N6.3 billion in 1, 534 deals, followed by Zenith Bank, which traded equities worth N6.1 billion in 3,790 deals.

MTN Nigeria traded shares valued at N3.5 billion in 4,802.

By: Babajide Okeowo

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