NGX: Investors lost N202 billion because the equity market canceled the bullish trend 3 days

The equity market takes a three -day bullish trend with the loss of N202 billion for investors at the close of trade on Friday.

This follows a decrease in stock prices such as Dangote Cement, Regency Alliance Insurance, and VFD Group, among others, on the trading floor.

After five hours of trading in the capital market, the capitalization of equity fell to ₦ 66.4 trillion from ₦ 66.6 trillion recorded by Bourse on Thursday.

The Benchmark All-Share Index (ASI) decreased to 105,752.61 points from 106,074.26 points recorded on the previous day.

The extent of the positive market because 40 shares advanced, 14 shares declined, and 69 shares remained unchanged in 14,284 agreements.

IKEJA Hotel PLC, International Factory and Internet Legend led other acquisitions with 10% growth respectively in prices closed on N12.10, N7.70 and N6.82 from N11.00, N7.00 and N6.20 per previous share.

Also read: NGX: All-Share Index Exceeds the 105K sign as an investor to get the N342BN

Dangote Cement, Regalins and VFD Group led other prices with a price decline in 10%, 8.06% and 7.57% to be closed in N432.00, N0.57 and N17.10 from N480.00, N0.62 and N18.50 per previous share.

In the volume index, Trust Holding guarantees led trade with 60 million shares in 1,122 agreements, followed by Fidelity Bank PLC, which was traded 41 million shares in 459 agreements.

Access Holdings PLC trading 40 million shares in 1,015 offers.

In the value index, MTN Nigeria traded shares worth N8.2 billion in 578 agreements, followed by a trust holding guarantee, which trades equity worth N3.8 billion in 1,122 offers.

Zenith Bank PLC trades shares worth N1 billion in 715 agreements.

By: Babajide Okeowo

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