NGX: Investors lose N91bn in five hours

Investors in the Nigerian equities market lost N91 billion at the close of trading on Tuesday.

This followed the dip in the share prices of stocks such as MC Nichols, Lasaco, and John Holt Plc, among others, on the trading floor.

The benchmark All-Share Index (ASI) fell to 155,353.2 points from the 155,496.15 points recorded the previous day.

After five hours of trading at the capital market, the equity capitalisation decreased to N98.60 trillion from N98.69 trillion posted by the bourse on Monday.

The market breadth was negative with 28 stocks advancing, 36 stocks declining, and 83 stocks remaining unchanged in 32,430 deals.

An aggregate of 525,448,229 units of shares was traded, valued at N25.3bn

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Sovereign Insurance, Aso Savings & Loans, and Berger Paints led other gainers with 9.88%, 9.72% and 9.25% growth each in share prices to close at N4.45, N0.79, and N42.50 from the previous N4.05, N0.72, and N38.90 per share.

MC Nichols, Lasaco, and John Holt Plc led other price decliners with a 8.81%, 8.62%, and 7.69% dip in share price to close at N3.00, N2.65, and N6.00 per share, down from the previous N3.29, N2.90, and N6.50 per share.

 On the volume index, Sovereign Insurance led trading with 42 million shares in 209 deals, followed by Fidelity Bank Plc, which traded 41 million shares in 659 deals.

First HoldCo traded 37 million shares in 520 deals.

 On the value index, Dangote Cement traded stocks valued at N4.5 billion in 426 deals, followed by Stanbic IBTC, which traded equities worth N3.0 billion in 257 deals.

Aradel Holding traded shares valued at N2.7 billion in 1,862 deals.

Babajide Okeowo

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