NGX: Investors lose N1.9tr as equities market stumbles again

Investors in the Nigerian equities market lost N1.92 trillion by the close of trading on Thursday.

This followed a dip in the share prices of stocks such as UPL, Red Star Express, and Sky Aviation, among others, on the trading floor.

The benchmark All-Share Index (ASI) decreased to 239,734.61 points from the 242,729.51 points recorded on the previous trading day.

After five hours of trading on the capital market, equity capitalisation dipped to N153.8 trillion from N155.7 trillion posted by the bourse on Wednesday.

The market breadth was positive, with 42 stocks advancing, 30 declining, and 76 remaining unchanged in 81,131 deals.

A total of 1,830,094,263 shares were traded, valued at N72.1 billion.

Cap, FTN Cocoa and Zichis led the gainers’ chart, with 9.99%, 9.99% and 9.97% growth, respectively, in share prices to close at N212.50, N8.04 and N30.33 per share, up from N193.20, N7.31 and N27.58 per share.

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UPL, Red Star Express, and Sky Aviation led other price decliners, with declines of 10.00%, 9.59%, and 8.63%, respectively, to close at N4.50, N25.45, and N130.75 per share, down from N5.00, N28.15, and N143.10 per share, respectively.

On the volume index, FTG Insure led trading with 214 million shares in 414 deals, followed by VFD Groups which traded 141 million shares in 425 deals.

Access Holding traded 140 million shares in 3,730 deals.

On the value index, Seplat traded stocks valued at N12.9 billion in 885 deals, followed by GTCO, which traded equities worth N8.6 billion in 3, 790 deals.

Dangote Cement traded shares valued at N6.3 billion in 3,338 deals.

Babajide Okeowo

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