NGX: Investors lose N1.3tr as equity capitalisation drops to N95.6tr

Investors in the Nigerian equities market lost N1.3 trillion at the close of trading on Wednesday.

This followed the dip in the share prices of stocks such as CI Leasing, Transcorp, and Sky Aviation, among others, on the trading floor.

The benchmark All-Share Index (ASI) slumped to 150,573.87 points from the 152,629.60 points recorded the previous day.

After five hours of trading at the capital market, the equity capitalisation decreased to N95.6 trillion from N96.9 trillion posted by the bourse on Tuesday.

The market breadth was negative with 16 stocks advancing, 46 stocks declining, and 84 stocks remaining unchanged in 27, 303 deals.

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An aggregate of 1,117,256,827 units of shares was traded, valued at N29.7 billion

NCR, Legend Internet and Cornerstone Insurance.led the gainers with 10%, 9.16%, and 8.80% growth in share prices, respectively, to close at N17.60, N5.84, and N6.18 per share, up from the previous N16.00, N5.35, and N5.68 per share.

CI Leasing, Transcorp, and Sky Aviation led other price decliners with a 10%, 10% and 9.99% dip each in share price to close at N5.58, N45.00, and N80.60 per share, down from the previous N6.20, N50.00, and N89.55 per share

On the volume index, Sterling Bank led trading with 81 million shares in 452 deals, followed by Zenith Bank, which traded 53 million shares in 1,755 deals.

First City Monument Bank traded 40 million shares in 1,052 deals.

On the value index, Zenith Bank traded stocks valued at N3.2 billion in 1,755 deals, followed by Guaranty Trust Holding, which traded equities worth N2.4 billion in 1,498 deals.

Aradel Holdings traded shares valued at N1.2 billion in 826.

Babajide Okeowo

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